Banking expert: Iraqi dinar to the economic stability needed to be desirable abroad

Banking expert: Iraqi dinar to the economic stability needed to be desirable abroad

on 07/05/2012

Integrity electronic / Baghdad

Likely beneficial financial expert Elias Abou, the cause of the unwillingness of countries in the world to deal with the Iraqi dinar exchange rate to fluctuate in front of hard currency and the absence of political and economic stability in the country .

Abbou said on Wednesday: The monetary policy pursued by the Central Bank refused to bear the responsibility of regional countries and international dealing in Iraqi dinars, because they do not allow the exit of large amounts of local currency abroad and restricted passengers to take limited amounts of the dinar when traveling .

He added that the Central Bank of afraid to enter the counterfeit currency when allowing entry and exit of the Iraqi currency, but allowed to get out of the country will force countries to deal with and become internationally accepted and has a real value against other currencies .

And: that the Iraqi dinar needs political stability and economic and financial goal to diversify revenue and increase total production of the country and maintain its exchange rate against the dollar, foreign currency in order to become an international currency dinar desirable in all countries of the world .

Often complain of Iraqi pilgrims and travelers from non-treated countries in the world, especially neighboring countries in Iraqi currency abroad for fear of fraud or speculation, as well as the continued decline of the value of the dinar against the dollar .
Source: alestiqama