Economic expert criticizes determine central bank sales to 70 million dollars by Parliament
Economic expert criticizes determine central bank sales to 70 million dollars by Parliament
Date: 08/02/2015 21:29
Information / special / ..
criticized the economic expert, Sunday, determine the central bank sales auction of $ 70 million dollars a day in one of the general budget of the country items, noting that the measure would hurt the Iraqi economy and weaken the dinar exchange rate against other foreign currencies.
The economist said Manaf Sayegh told / information /, that “determining central bank sales serious gesture, not dealt with any balancing of the budgets of countries in the world,” adding that the measure would compromise on the Iraqi economy, especially on the price of the dinar against foreign currencies, especially the dollar. ”
He added that “this the measure can not be offering him has a simple knowledge of the principles of economics as a simple calculation may ignorance of politicians and especially the Finance Committee, ”
and added that he “can not be a policy that determines the nature and performance of the monetary policy of the Central Bank, but the opposite is true as possible to interfere with the bank in the nature and type fiscal policy for the country, “adding that” This auction is not for the well-being as much as what is bridging the financial need of foreign currency upon which government and private sectors, ”
the Iraqi market has seen in recent days, a rise in the dollar’s exchange rate against Aldenarabraghi exchange rate. Ended 25 K.
almaalomah.com
