CBI demands to take steps to diversify the basket of foreign currencies; Not rely solely on USD
CBI demands to take steps to diversify the basket of foreign currencies; Not rely solely on USD
4/29/13
Baghdad / Baghdadi news / .. A member of the Finance Committee Shoresh MP Mustafa Rasool, on Monday, the central bank demands to take bold steps to diversify the basket of currencies and not rely solely on the dollar, as it has large reserves of hard currency to avoid the impact of oscillation winning price of the dollar in global markets. “
Church said in a statement to / Baghdadi news / “The low exchange rate of the U.S. dollar against the yen and other international currencies will impact on the national economy being linked directly with the fact that the dollar Iraqi crude oil is sold in U.S. dollars.”
He added that “the major industrialized countries such as Japan and the United States deliberately devalue their currencies in order to increase their exports and foreign these changes shed بضلالها on third world countries based on the dollar in most internal and external dealings.”
albaghdadianews.com
