Expert: use monetary reserves will make the Iraqi dinar worthless
Expert: use monetary reserves will make the Iraqi dinar worthless
Date: 01/21/2016 19:52
Information / special / ..
Warned economist Mahmoud Snubs, Thursday, from asylum to the Iraqi government’s monetary reserves, adding the move will lead to the money supply and inflation weakened against other inside the country and outside currencies.
Said Snubs told / information /, that “the government had resorted to the use of financial reserves of Iraq will open a big appetite in light of the urgent need for funds for the conduct of the affairs of state”, adding that “this measure Sistnzv financial reserve that will not last to the end of the current year.”
He added that “in the event of financial reserve force will only intensify the money supply, and will become the Iraqi dinar and the currency worthless or weak against foreign currencies in the inside and outside Iraq.”
He said economic expert, that “the government in front of her several options to fill the financial shortfall activation of the most important agricultural side, which does not require a lot to promote it,” pointing out that “agriculture will provide billions of dollars to the state and reduce the size of spending and exit of hard currency.” It ended 25 K
almaalomah.info
