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Coordinator of the Economic Committee: Iraqi dinar will regain its natural and its price will reach (1166) to the dollar
Translated by Iraqdirectory.com - [4/28/2012]
The Commission's decision in the Parliament, MP, for economic / Kurdish coalition blocs / Mahma Khalil, expected that the Iraqi dinar will be normal during the next period, after the necessary measures taken by the monetary policy to fetch up to (1166) dinars to the dollar.
Khalil said to (the Agency news) on Wednesday: The monetary policy of Iraq and of the Central Bank has taken necessary measures for the return of Iraqi dinar to normal and stability at a certain price to the U.S. dollar, because the continued increase in the exchange rate of the dollar against the dinar will lead to problems of great economic, such as increasing prices in the local markets and rising inflation rates in the country.
The MP Khalil said: We asked the central bank and the federal government to take the necessary measures needed to save the currency of Iraq from deteriorating in front of hard currency, like controlling smuggling to neighboring countries, or take scientific methods to sell foreign currency at an auction in the central, expressing optimism about the return of Iraqi dinar to put natural to settle on the price of (1166) dinars for one dollar.
This testifies the U.S. dollar has increased significantly and is preceded by its value against the Iraqi dinar, with an exchange rate of one U.S. dollar (1300) Iraqi dinars, after it was conservative on the price for a long time b (1170) dinars to one dollar, creating great fear of the economic circles constantly increase its price and its direct impact on the Iraqi economy.
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Translated by Iraqdirectory.com - [4/28/2012]
The Commission's decision in the Parliament, MP, for economic / Kurdish coalition blocs / Mahma Khalil, expected that the Iraqi dinar will be normal during the next period, after the necessary measures taken by the monetary policy to fetch up to (1166) dinars to the dollar.
Khalil said to (the Agency news) on Wednesday: The monetary policy of Iraq and of the Central Bank has taken necessary measures for the return of Iraqi dinar to normal and stability at a certain price to the U.S. dollar, because the continued increase in the exchange rate of the dollar against the dinar will lead to problems of great economic, such as increasing prices in the local markets and rising inflation rates in the country.
The MP Khalil said: We asked the central bank and the federal government to take the necessary measures needed to save the currency of Iraq from deteriorating in front of hard currency, like controlling smuggling to neighboring countries, or take scientific methods to sell foreign currency at an auction in the central, expressing optimism about the return of Iraqi dinar to put natural to settle on the price of (1166) dinars for one dollar.
This testifies the U.S. dollar has increased significantly and is preceded by its value against the Iraqi dinar, with an exchange rate of one U.S. dollar (1300) Iraqi dinars, after it was conservative on the price for a long time b (1170) dinars to one dollar, creating great fear of the economic circles constantly increase its price and its direct impact on the Iraqi economy.
SOURCE: [You must be registered and logged in to see this link.]
