Economic Committee Member calls for CBI to set a new IQD exchange rate; A real market price

Posted: July 7, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-06-28 at 7.52.08 PMMember of the Economic Committee: the Central Bank set a new rate of the Iraqi dinar against the dollar
07-07-2013 01:15 PM

Parliamentary Economic Committee member MP/Kurdish Alliance/mehma Khalil, the Central Bank set a new rate of the Iraqi dinar against the dollar, the currency and the rate of the dinar.

In a statement, “said Khalil (News Agency): the preservation of political currency and Iraqi dinars from the functions of the Central Bank, and the signals observed internationally, economically, that there is a future for dinars, adding: there shall be the exchange rate of the dinar against the dollar (1300) or (1200) Iraqi dinar, that this price is when the balance was $ 10 billion, and today the balance of sovereign Iraq (76).

Political and Central Bank to keep Bank is incorrect, call the Bank that there will be a strong Iraqi dinar, because what exists of the citizen, however, the Iraqi dinar is equal to the real market price, prompted the Bank to invest after the Iraq Dinar force of Chapter VII, and that today the Central Bank required that there be a new price against the dollar.

He pointed out that, because all the goods entering Iraq in dollars, there must be a real rate of the Iraqi dinar, because the power of solid and strong dinar on the sovereign and economic balance of the forces of the Iraqi citizen suffers from the weakness of the Iraqi aldnyar against the dollar.

The Iraqi dinar, worth less than the other, toward the dollar, for many reasons, of which the Central Bank blames the climb, others point out that the situation of Iraq and the area behind the rise of the dollar, as well as smuggling


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