Economic Adviser to Abadi speaks about the reasons for the high price of the dollar against the dinar
Economic Adviser to Abadi speaks about the reasons for the high price of the dollar against the dinar
09-04-2015 02:37 PM
Revealed the appearance of Mohammed Saleh economic adviser to Iraqi Prime Minister Haider al-Abadi, the reasons for rising US dollar against the Iraqi dinar. Saleh said that “the high selling US dollar, came for many reasons, especially with the exposure of the Iraqi dinar financial crisis,” adding that “the first reason height, is that the import momentum is not commensurate with the volume of exports, in terms of export prices. ” Among the appearance of Mohammed Saleh said that “most of the export in Iraq depends on oil, which saw a drop in prices over the past period,” explaining that “this decline significantly affected the financial budget for 2015. ” He added that “the other reason is to put a paragraph in the fiscal budget sets the central bank sales of $ 75 million a day, and this effect on the rise of the dollar, because in the past, the Bank sells more than this figure,” declaring that “the Bank submitted an appeal to the Federal Court paragraph budget, which restricted the sales, and that this paragraph considered intrusive work. ”
ikhnews.com
