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07/07/2014
Stainless Iraqi economy, despite the recent security situation
Iraqi observer - a special
With the development of the security situation that led to the threat of border crossings with Syria and Jordan by criminal gangs Daash, the Iraqi economy is still on the conservative steadfastness, as has control over the price, which has not seen any abnormal increase. With the continued flow of oil from the Iraqi port of Basra to all over the world, kept liquidity flowing Alamodj backbone of the economy, which has suffered from random planning and personal interests in the extended throughout. He stressed the Iraqi Central Bank Governor, Abdul-Basit Turki, the strength of the Iraqi dinar and the precautions that support has not been affected despite the recent situation in Iraq and the establishment of criminal groups to launch an attack on Iraqi territory. Said Turki during his participation and chaired by the Financial Action Task Force for the Middle East and North Africa to combat money laundering and terrorism financing in the capital Manama: The cash reserve supporter of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar, but did not rule affected by the exchange rate. He pointed out that the Iraqi dinar powered reserves and not linked to any other currency, and that the cash reserves Ghaderth for his support, and assured Iraqis that those large reserves of state funds of the central bank is not in Iraq but in the states and other banks in Europe and other countries. And influenced by the currency and the economy because of the military offensive to criminal groups in Iraq, he said: There is no doubt that the latest of this size have an impact on the economy first and on the financial position and cash the other hand, the Iraqi state, but able to get out of this crisis. And money laundering in Iraq and in the region by virtue chaired this group said that Iraq and the GCC in particular and the Arab countries and Middle Eastern generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps must be bridged for not world class and this is what we need now. Meanwhile He attributed the economic expert on behalf of Jamil Antoine rising prices of some food and vegetables in the local market to the high demand and limited supply and the greed of some marketers. Antoine said that «the Iraqi families went to buy food as a result of fears of an economic crisis to come as a result of the security situation and their preparations for Ramadan push some to raise the prices of the domestic market, taking advantage of the increased demand on supply». He ruled Antoine «damaged the country's economy as a result of the deterioration of the security situation in some border crossings», stressing that the government is compensated for ports in the western and northern areas southern ports.
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