Finance: Ask a coin category 50 000 dinars will increase the volume of inflation
Parliamentary Finance: Ask a coin category 50 000 dinars will increase the volume of inflation
Wrote: May 5, 2015
Confirmed in the parliamentary finance committee member, Tuesday, that the issue of Iraqi currency more than the limit will lead to the low level of the Iraqi dinar against the dollar and other currencies.
A member of the committee MP Sarhan Ahmed Sarhan said that “the issuance of Iraqi currency more than the limit will lead to the low level of the Iraqi dinar against the dollar and other currencies as well as increased financial and economic inflation in Iraq, which is already suffering a financial and economic crisis for. ”
Ahmed added that “the Finance Committee met a few days ago with officials in the Iraqi Central Bank did not raise the question of pumping currency of 50 thousand dinars category and that was the subject raised in the right market, it will affect a significant impact on the Iraqi economy because the Iraqi currency adequate and plentiful more scheduled to lead to inflation. ”
He pointed out that the disparity in global oil prices in the last period effect without doubt in the financial and economic situation in Iraq.
The Iraqi Central Bank may announced the final touches to put currency 50 000 dinars category in the markets.