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Khbayractsada: large reserves of Iraq from foreign exchange and gold must be invested to develop the economy
27/05/2013 09:05
Minister of Science and Technology and former chief economist Raed Fahmi "The large reserves of Iraq from foreign exchange and gold must be invested to develop the economy through the benefits accruing from this reserve."
He said in a press statement that "Iraq and Maimlkh of large reserves of hard currency and gold must also invest in raising the value of its currency against other currencies," it is unreasonable to be the Iraqi currency is weak compared to what Iraq possessed large reserves of hard currency. "
Fahmi said that "Iraq today has economic stability, at least on the part of foreign exchange and gold Oddly enough, in light of this to be currency stability with this form of volatility," adding "It adversely affected than relying on gold to strengthen the local currency."
"We must have a strong dinar Iraqi economy need for a clear strategy concerning currency strengthened and the ability to manage risks and economic fluctuations, which coincides with Iraq," noting that "the currency stabilization and strengthening central bank Itolha policy in partnership with international companies." The financial sources have pointed to the Iraqi high cash reserves of hard currency to $ 74 billion.
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27/05/2013 09:05
Minister of Science and Technology and former chief economist Raed Fahmi "The large reserves of Iraq from foreign exchange and gold must be invested to develop the economy through the benefits accruing from this reserve."
He said in a press statement that "Iraq and Maimlkh of large reserves of hard currency and gold must also invest in raising the value of its currency against other currencies," it is unreasonable to be the Iraqi currency is weak compared to what Iraq possessed large reserves of hard currency. "
Fahmi said that "Iraq today has economic stability, at least on the part of foreign exchange and gold Oddly enough, in light of this to be currency stability with this form of volatility," adding "It adversely affected than relying on gold to strengthen the local currency."
"We must have a strong dinar Iraqi economy need for a clear strategy concerning currency strengthened and the ability to manage risks and economic fluctuations, which coincides with Iraq," noting that "the currency stabilization and strengthening central bank Itolha policy in partnership with international companies." The financial sources have pointed to the Iraqi high cash reserves of hard currency to $ 74 billion.
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