Finance: rising dollar and falling depends on oil sales and will take swift action for the return of stability
Parliamentary Finance: rising dollar and falling depends on oil sales and will take swift action for the return of stability
Published on Wednesday, April 8 / May 2015 eight twenty-nine
BAGHDAD / Sky Press: Izzat parliamentary finance committee, on Wednesday, the cause of the fluctuation of the exchange rate of the dinar against the dollar to decline in fiscal revenue from oil sales, while confirming that the central bank will take new measures to stabilize the return rate of the dinar against hard currencies.
A member of the committee MP Masood Haider’s “Sky Press”, “The main reason for the decline in the exchange rate of the dinar against the dollar due to lower fiscal revenues belonging to the state from oil sales, where the oil is sold at more than $ 100 a barrel today and arrived
Price to below $ 50 and this means that revenue fell by 50%, affecting the national currency exchange rate. ”
He added that the committee “discussed with the Governor of the Central Bank on the Keywords Monday the main reasons for the decline in the dinar exchange and effective solutions for the return of price stability,” he said, adding that “the central bank will take new measures to maintain the hard currency and return
Stability of the dinar against the dollar. ”
And witnessing the Iraqi dinar exchange rate during the last period significantly reduced its rate against foreign currencies, where the price reached in 1280 dinars to the dollar after the 1170 dinars per dollar.