Parliamentary Finance: Rise of temporary dollar exchange rate and we have measures to curb it

Parliamentary Finance: Rise of temporary dollar exchange rate and we have measures to curb it

BAGHDAD – Iraq Press – March 25 / March 2015

Parliamentary Finance - Rise of temporary dollar exchange rate and we have measures to curb itAccording to a member of the parliamentary finance committee, Majida al-Tamimi, on Wednesday that there are other measures will be taken to address the rise in the dollar exchange rate, including inviting the governor of the central bank and private banks to develop plans limit the continued rise of the dollar, “a banner that “the rise of the dollar exchange rate is a temporary situation and does not constitute a real crisis.”

Tamimi added that “the central bank did not invest the previous period to raise larger amounts of US dollars to maintain a certain price for the disbursement of the dollar,” pointing out that “During the last period, the price of oil dropped dramatically and Iraq sell its oil at a lower price than the world price and spending on military requirements to buy weapons and sustain battlefronts imposed on him a great spenders and this in turn make the dollar rises during the previous days. ” Admiral ended

iraqpressagency.com