Deputy for the National: Iraqi dinar will remain constant even if oil prices fell
Deputy for the National: Iraqi dinar will remain constant even if oil prices fell
Monday, December 15/ December 2014 08:08
[Where BAGHDAD]
Deputy for the National Alliance, said the Iraqi dinar exchange rate will remain steady despite a decline in crude oil prices.
He said Furat al-Tamimi told all of Iraq [where] that “fixed central bank reserves because the government did not resort to drag him”, adding that “any attempt to resort to borrowing from the central bank will certainly affect the price of the Iraqi dinar.”
He explained that “in the absence of borrowing from the central bank governor of the dinar would definitely stay on the exchange rate, even if crude oil prices declined. ”
It is said that the company Sumo lowered the official price of crude Basrah Light destined for Asia to download next month to an average crude price of Dubai and Oman on the table than four dollars per barrel of equivalent, discounted from $ 2.15 a barrel in this December shipments, and lowered to the United States for shipments next month to Argus index discounted from 40 cents per barrel from the index on the table from him a dime a dozen in this December shipments.
It is said that Iraq suffers from a difficult economic situation because of the shortfall in the budget year 2015, which is estimated according to Finance Minister Hoshyar Zebari at about $ 40 billion, to coincide with the fall in world oil prices, which make up 90% of imports Alarac.anthy
alliraqnews.com
