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Tamimi: Iraqi dinar steady despite the drop in oil prices
A spokesman for the office of Prime Minister Saad al-Hadithi ..
Deputy for the National Alliance, said the Iraqi dinar exchange rate will remain steady despite a decline in crude oil prices.
Furat al-Tamimi said that "the Central Bank reserves fixed because the government did not resort to drag him", adding that "any attempt to resort to borrowing from the central bank will certainly affect the price of the Iraqi dinar." He explained that "in the absence of borrowing from the central bank would definitely stay conservative on the dinar exchange rate even if crude oil prices declined." It is said that Iraq suffers from a difficult economic situation because of the shortfall in the budget year 2015, which is estimated according to Finance Minister Hoshyar Zebari at about $ 40 billion.
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A spokesman for the office of Prime Minister Saad al-Hadithi ..
Deputy for the National Alliance, said the Iraqi dinar exchange rate will remain steady despite a decline in crude oil prices.
Furat al-Tamimi said that "the Central Bank reserves fixed because the government did not resort to drag him", adding that "any attempt to resort to borrowing from the central bank will certainly affect the price of the Iraqi dinar." He explained that "in the absence of borrowing from the central bank would definitely stay conservative on the dinar exchange rate even if crude oil prices declined." It is said that Iraq suffers from a difficult economic situation because of the shortfall in the budget year 2015, which is estimated according to Finance Minister Hoshyar Zebari at about $ 40 billion.
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