Economist warns against the dollar to reduce the price of one thousand Iraqi dinars at once

05/29/2012 10:23

Economic expert has warned Rdam Makki, Tuesday, of the danger of reducing the price of the dollar to one thousand Iraqi dinars at once, and promise Tsraa from the central bank in the event of the oldest on the move ..

He said in a statement that “the rush to cut the dollar at one time would confuse the market and business dealings, the fact that the difference in exchange rate will be greater, which will cause repercussions and problems among traders and creates chaos in the stock market and the offices of dollar selling.”

He added: “The currency of the dollar significantly affect the markets of Iraq, creating huge losses and can not be returned to Amadmarha.”

He continued: “The central bank adopts a policy of monetary contraction contributed to raise the value of the dinar gradually in the years previous to thecurrent price of a policy that has proved successful in Iraq.”

Source: albawwaba