Parliament calls for an economic lift to the value of the dinar

27/05/2012 0:00 

BAGHDAD – Al Sabah , member of the Committee on the economy and investment deputy Aziz Mayahi, the ability of the central bank to make one dollar is equal to (1000) Iraqi dinars, the requirement to change its monetary policy current, describing it wrong and you need to re-examine them. said Mayahi: The central bank was able to reduce the value the U.S. dollar against the Iraqi dinar and make Sarsrvh equivalent (1000) Iraqi dinars, because of the financial reserve a large estimated at more than (62) billion dollars. He’s (news): that the current monetary policy pursued by the Central Bank of wrong and need to be reconsidered, because the continuation of working out will harm the public money, especially in the recent period when it rose the value of the dollar significantly against the Iraqi dinar because of the promotion of transactions and fake by speculators led to the smuggling of large amounts of hard currency abroad, laden with the responsibility of the Central Bank. He pointed out: that the central bank governor promised reducing the exchange rate of the dinar against the dollar after (6) months from now to make the equivalent of one dollar (1000) JD, when it was hosted in the parliamentary economic committee.