Member of Finance Committee: Iraqi dinar is being subjected to an international war in order to weaken

On: Saturday 05/05/2012 19:20

BAGHDAD РA citizen warned member of the Finance Committee MP Abdel Hussein al-Yasiri the vulnerability of the Iraqi dinar for international war to weaken it, pointing to the importance of a plan by the Central Bank to combat speculators on the dollar and reduce its value. Yasiri said (the agency newsletter) must develop a plan of accurate scientific by the Bank Central cut the exchange rate of the dinar against the dollar, by not selling hard currency Payam consecutive, but must be a surprise for sporadic Payam speculators who are buying the dollar in large quantities, and to develop procedures for the sale of the complex in order to reduce demand for the dollar auction of Central Bank.And Yasiri: that the Iraqi dinar is being subjected to war regional international to weaken it and reduce its value against hard currencies, which are doing their best to drain dollars from Iraq and increase the rate of exchange. It is noteworthy that the value of the U.S. dollar increased during the nineties of the last century to reach (3000) dinars to the dollar, result of the economic embargo imposed on Iraq, and after a year (2003) picked up the dinar is somewhat due to increased oil exports and providing international assistance to Iraq, bringing the total amount provided by (62) billion dollars, and on its impact on the price of the dinar exchange (1166) to the dollar and continued For a long time while maintaining the same price.

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