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Central Bank: GDP of Iraq will rise from 180 to 350 billion dollars after two years
On: Tuesday 02/14/2012 14:54
Baghdad - Mostafa Hashemi
Deputy Central Bank Governor that the circumstances surrounding the neighboring countries do not affect the Iraqi dinar exchange rate.
He confirmed the appearance of Mohammed Saleh told (the citizen) that the strength of the Iraqi dinar is derived from a link Iraq to the global economy. He emphasized that the events taking place in neighboring countries can not affect the currency exchange rate, but are not superficial negligible. Pointing out that the currency's strength also comes from the strength of Iraq's oil exports and how to maintain and invest in real development.
He pointed out that the revaluation of the Iraqi dinar leap large will lead to increase the price of goods to weaken the double. Also can not declare that the dinar will rise and will become the price Doe in order to prevent speculation and if what is left of the Iraqi economy at this pace and increased exports of oil and oil markets is controlled, it will make Iraq a key player in the region and will increase the GDP of Iraq of about $ 180 billion to 350 billion dollars in 2015 and this figure will be reflected on the price of the dinar in a logical yes.
Noting that monetary policy aims to stabilize the external value of the Iraqi dinar exchange rate and at every opportunity to increase economic exchange rate Fsnrfh. Stressing that the Iraqi dinar currency strong and significant as the neighboring country (unnamed) Iraqi dinar traded at Mahalha and its markets as a hard currency at least as important as the U.S. dollar. On the other hand, Saleh said that we are always working to review the controls sale of foreign currency out of the window official (central bank) and Iraq enjoy considerable freedom in the transfer of funds as provided for in Article VIII of the Convention on the International Monetary Fund has allowed Iraq to free current account to purchase goods and services from abroad without restrictions.
He said the obsession as a policy cash application of the law against money laundering, crime and terrorism, and must make it clear that the banking side, embracing the tainted money.
Saleh said that the Iraqi economy is strong despite the lack of diversification of the rentier economy, one-sided and not a defect, Australia Kendatad rentier countries to this day .. What matters is that import rents must be employed in development and economic progress and not in the type of economy.
Saleh expressed his support for the investments of oil in southern Iraq, saying that this will develop the Iraqi economy and not the accumulation of rent, but that the accumulation of rents in other sectors is what we aspire to Kaguetsadaan.
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On: Tuesday 02/14/2012 14:54
Baghdad - Mostafa Hashemi
Deputy Central Bank Governor that the circumstances surrounding the neighboring countries do not affect the Iraqi dinar exchange rate.
He confirmed the appearance of Mohammed Saleh told (the citizen) that the strength of the Iraqi dinar is derived from a link Iraq to the global economy. He emphasized that the events taking place in neighboring countries can not affect the currency exchange rate, but are not superficial negligible. Pointing out that the currency's strength also comes from the strength of Iraq's oil exports and how to maintain and invest in real development.
He pointed out that the revaluation of the Iraqi dinar leap large will lead to increase the price of goods to weaken the double. Also can not declare that the dinar will rise and will become the price Doe in order to prevent speculation and if what is left of the Iraqi economy at this pace and increased exports of oil and oil markets is controlled, it will make Iraq a key player in the region and will increase the GDP of Iraq of about $ 180 billion to 350 billion dollars in 2015 and this figure will be reflected on the price of the dinar in a logical yes.
Noting that monetary policy aims to stabilize the external value of the Iraqi dinar exchange rate and at every opportunity to increase economic exchange rate Fsnrfh. Stressing that the Iraqi dinar currency strong and significant as the neighboring country (unnamed) Iraqi dinar traded at Mahalha and its markets as a hard currency at least as important as the U.S. dollar. On the other hand, Saleh said that we are always working to review the controls sale of foreign currency out of the window official (central bank) and Iraq enjoy considerable freedom in the transfer of funds as provided for in Article VIII of the Convention on the International Monetary Fund has allowed Iraq to free current account to purchase goods and services from abroad without restrictions.
He said the obsession as a policy cash application of the law against money laundering, crime and terrorism, and must make it clear that the banking side, embracing the tainted money.
Saleh said that the Iraqi economy is strong despite the lack of diversification of the rentier economy, one-sided and not a defect, Australia Kendatad rentier countries to this day .. What matters is that import rents must be employed in development and economic progress and not in the type of economy.
Saleh expressed his support for the investments of oil in southern Iraq, saying that this will develop the Iraqi economy and not the accumulation of rent, but that the accumulation of rents in other sectors is what we aspire to Kaguetsadaan.
[You must be registered and logged in to see this link.]
