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Economist warns of growing foreign currencies at the expense of Iraqi currency
2015/01/18
Warned Economist Salim Al-uqaili, Saturday, from growing the value of foreign currency in Iraq at the expense of local currency, adding that fiscal and monetary policy still chaotic.
He said Al-uqaili/information/agency, that "the Iraqi market is now open to world markets directly without restriction and this will lead to the entry of foreign currency to the country, which would make the Iraqi currency in reducing and worsened", pointing out that "all Iraqi traders prefer the dollar or the euro and Sterling on the currency."
He said Al-uqaili, that fiscal and monetary policy in the country remains chaotic and must be processed before the deepening foreign exchange ", noting that" external works to make the Iraqi currency in low mode versus other currencies to achieve specific objectives.
He noted that "the Central Bank not clear this aspect and it should develop mechanisms to ensure the protection of the Iraqi currency vulnerable to currencies to maintain their strength.
Recall that the Iraqi currency to suffer from significant deterioration in value against foreign currencies, namely the us dollar. Finished/25 t
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2015/01/18
Warned Economist Salim Al-uqaili, Saturday, from growing the value of foreign currency in Iraq at the expense of local currency, adding that fiscal and monetary policy still chaotic.
He said Al-uqaili/information/agency, that "the Iraqi market is now open to world markets directly without restriction and this will lead to the entry of foreign currency to the country, which would make the Iraqi currency in reducing and worsened", pointing out that "all Iraqi traders prefer the dollar or the euro and Sterling on the currency."
He said Al-uqaili, that fiscal and monetary policy in the country remains chaotic and must be processed before the deepening foreign exchange ", noting that" external works to make the Iraqi currency in low mode versus other currencies to achieve specific objectives.
He noted that "the Central Bank not clear this aspect and it should develop mechanisms to ensure the protection of the Iraqi currency vulnerable to currencies to maintain their strength.
Recall that the Iraqi currency to suffer from significant deterioration in value against foreign currencies, namely the us dollar. Finished/25 t
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