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Economist warns of the growing value of foreign currency at the expense of the Iraqi currency
18/7/2015
Warned economist Salem Ugaili, Saturday, of the growing value of foreign currencies in Iraq at the expense of the local currency, noting that the fiscal and monetary policy still chaotic. Said Ugaili "The Iraqi market is now open to the world markets directly without restrictions and this will lead to the entry of foreign currencies in abundance for the country, which would make the Iraqi currency to reduce and worsening," pointing out that "all Iraqi traders prefer the dollar or the euro and sterling the Iraqi currency. " He Ugaili, that "fiscal and monetary policy in the country is still chaotic and must be addressed before the exacerbation of foreign currencies," noting that "third parties working to make the Iraqi currency in the low position against the rest of the other currencies for their own goals." He pointed out that "political Central Bank is not clear on that side and attic to be put to ensure the protection of the Iraqi currency vulnerable to the rest of the currencies in order to maintain its power mechanisms."
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18/7/2015
Warned economist Salem Ugaili, Saturday, of the growing value of foreign currencies in Iraq at the expense of the local currency, noting that the fiscal and monetary policy still chaotic. Said Ugaili "The Iraqi market is now open to the world markets directly without restrictions and this will lead to the entry of foreign currencies in abundance for the country, which would make the Iraqi currency to reduce and worsening," pointing out that "all Iraqi traders prefer the dollar or the euro and sterling the Iraqi currency. " He Ugaili, that "fiscal and monetary policy in the country is still chaotic and must be addressed before the exacerbation of foreign currencies," noting that "third parties working to make the Iraqi currency in the low position against the rest of the other currencies for their own goals." He pointed out that "political Central Bank is not clear on that side and attic to be put to ensure the protection of the Iraqi currency vulnerable to the rest of the currencies in order to maintain its power mechanisms."
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Last edited by Rocky on Sun Jul 19, 2015 3:36 am; edited 1 time in total
