Parliamentary demanding the central bank to take swift action to save the Iraqi dinar
Committee on Economy and Investment parliamentary demanding the central bank to take swift action to save the Iraqi dinar
Tomorrow Press / Baghdad: Committee for Economy and Investment parliamentary warned Sunday of the continuing rise in the dollar exchange rate against the dinar, claim the central bank to take swift action to save the Iraqi dinar.
Committee Chairman Jawad al-Bolani for “tomorrow’s Press,” that “the dollar exchange rate is witnessing a sudden rise in recent days against the dinar, and this is due to the security and economic situation is settled, as well as the decline in world oil prices.”
He pointed out that “the continuing decline in the dinar exchange rate means that the local currency and high inflation rates and the deterioration of an increase of prices in the local markets, so it has to be from the central bank to take swift action to restore the dinar exchange and save it from degradation rate.”
The MP Magda Tamimi attributed the rise in the dollar exchange rate to outbidding speculators in the banks, said that what is pumped by the central bank enough to cover what is the need of the market, while Saraf dollar recorded a continuing rise in front of the Iraqi dinar, to the detriment of the citizens of all levels.