Central: No intention to amend the Iraqi dinar exchange rate
Central: No intention to amend the Iraqi dinar exchange rate
01/09/2016 17:42
BAGHDAD / Obelisk: The Central Bank of Saturday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.
The bank said in a statement published by the local media and I followed, “obelisk”, he was “no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund “.
The statement added that “the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported.”
In another context, the central said, that deal with the financial situation in the country would only be done through the promotion of sectors “real”, as he emphasized that the bank’s board is the only body authorized according to the law determining the dinar exchange rate.
He stressed that “address the financial situation must be conducted through the promotion of real sectors,” noting that “the Bank initiative to provide loans for the promotion of these sectors was a signal and an incentive for the promotion of these sectors.”
He explained that “the bank’s board is the only body authorized according to the law determining the dinar exchange and every statement in this regard does not make him the price is confusion and confusion to the market.”
The prime minister Haider al-Abadi said earlier, that the Iraqi currency backed strongly there is no fear on the exchange rate of the dinar against the dollar, as he pointed to the existence of “manipulation and conspiracy” to influence the current situation.
almasalah.com
