Center calls for economic disengagement of the Iraqi dinar to the dollar!

Center calls for economic disengagement of the Iraqi dinar to the dollar!

Posted 20/10/2013 03:21 PM

Iraqi DinarBAGHDAD – “arenas of Liberation”
Called Media Center economic to move Iraq from the dollar zone and connecting the Iraqi dinar currency more stable.
said head of the center Dergham Mohammed Ali in a press statement that despite the announcement, White House end of the crisis, shutdown the government the U.S. but there is another crisis threatening the U.S. economy is the high ceiling of the government’s debt U.S. to record levels reached seventeen trillion dollars, a large sum difficult to deal with in the absence of indicators for the recovery of the U.S. economy, which Mihdd new economic crises threaten the dollar zone.

to that sought the central bank to find a balanced ratio of gold with reserves of hard currency from the currency.
bank governor said Abdul Basit Turki said higher bank reserves of hard currency leads to low gold and we are working to purchase to increase gold stocks to maintain the balance between gold and currency
He added that the reserve components of Iraq consist of transactions exist in key markets, which include the dollar, the euro and the English lb then Special Drawing Rights (SDRs) of gold. He explained that whenever the reserve size increases, the proportion of the contribution of the other components less therefore raise other components to maintain a ratio of three to five percent.

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