Committee Member demands CBI to accelerate dropping of zeros process; It will boost economy by raising the IQD

Posted: November 27, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-11-27 at 1.09.09 AMStapes: the process of deleting the zeros working to raise the value of the dinar against the dollar
27-11-2013 08:47 AM

Baghdad (news) .. A member of the Economic Commission MP / National Alliance / Ibrahim stirrup, that the high price of the dollar depends on the ratio of supply and demand in the auction sale of the currency in the central bank.

said stirrup (of the Agency news): The high exchange rate of the U.S. dollar against the Iraqi dinar is affected by security conditions taking place in Iraq and demand it through legal or illegal as a matter of money laundering.

demanded: to speed up the process of deletion of zeros and facilitation of it is working to stabilize the value of the dollar and raise the Iraqi dinar in the auction of supply and demand and thus boost the economy, noting that the fluctuation of currency exchange rate affects the banking and high value of the goods.

noted that the parliamentary economics committee warned of the continued rise of the exchange rate of the dinar against the dollar, stressing that this phenomenon began to weigh heavily on the majority of low-income citizens

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