Deterioration of the political and economic conditions contributed to the weakening of the Iraqi dinar

Deterioration of the political and economic conditions contributed to the weakening of the Iraqi dinar

11-07-2012 01:16 PM
Are free – Attributed a professor of economics Mustansiriya University Dr. Maytham and coffee, Wednesday, lack of improvement in the value of the Iraqi dinar against foreign currency to the deterioration of economic conditions and political developments in the country, calling on stakeholders to support the dinar and make it desirable transactions of the world economy.
said coffee in a statement to the correspondent of news agency the future, that : ‘Iraq has suffered after the change 2003 from the instability of political and financial, and the deterioration of the security situation dramatically than the impact on the instability of the dinar against foreign currency, and not to create the conditions for a suitable environment in order to make the dinar a strong competitor for the rest of currencies’, and that’ the majority of states refuse to dealing in dinars due to the instability of exchange for hard currency, and especially the dollar. ”
He explained that: ‘there are flaws in the monetary policy pursued by the central bank, which pushed many countries of the world to refuse to deal in Iraqi dinars, which does not allow the bank the exit of large amounts of local currency outside the country , which has made the deal outside the country are not welcome, and making it scarce in the global market. ”
The reports of a global economic may be indicated not to handle the global market in Iraqi dinars, confirming the scarcity of the Iraqi currency in the global market, which led to a weakening in front of hard currency.)
Source: ahraraliraq