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The exclusion of the establishment of a central market for the sale of Arab and foreign currencies
Date: Monday 04/06/2012 4:05
Baghdad / range
ruled out academic at the University of Mustansiriya Dr. Abdul Rahman Al-Najem, the establishment of a market for currencies of Arab and foreign, citing the lack of currency in Iraq, but he supported the idea of establishing the market.
Dr star (of the Agency news): It is difficult to create a market for the sale of Arab currencies and foreign, referring to the idea that they "failed" the lack of multiple currencies in Iraq and the major currencies traded are the U.S. dollar along with the rest of the deal while the dinar currency is weak.
He added: When you create a central currency market will be dominated by the state and will be centered in Baghdad and therefore does not serve the rest of the provinces. And supported the star: the idea of a central currency market through which currency to be sold directly to the citizen, and according to global pricing. He continued that Iraq is headed for a shift towards a market economy since the economic blockade and the need prompted to configure the offices of the Exchange to facilitate the sale and exchange more than the market, enough to be in the Iraq Central Bank auction and remained the arms carried out by the banking offices of the official licensed confirming presence offices is an official in the process of Currency converter through the "clearing", and the smuggling of currency and money laundering of the coin.
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