Economist: Decision to reduce the amount of selling the dollar must study well before applied

Posted: July 13, 2013 in Iraqi Dinar/Politics
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13-07-2013 01:41 PM

Baghdad (newsletter). The Economist called Majid mock, to examine the proposal to Institute economic reform, the judge reduced the u.s. dollar to stabilize the Iraqi dinar fine before.

Mock said (News Agency): the process of reducing the dollar stands in front of a lot of economic and financial factors, as well as the purchasing power of the dinar against other currencies, indicating that this proposal should be taught in an integrated manner before adoption.

He added: the decision to reduce the sale of dollars to stabilize the dinar does not depend on the willingness of politicians and many proposals, but depends on a sound and well-considered decision taking in view of all the circumstances and requirements of security, political and economic.

There are short-term solutions and long-term to reduce fluctuation of the dinar against the dollar and the most important of these solutions reduce dollar pumping cash through sale at auction, the Central Bank, together with the increased adoption of foreign remittance


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