Large number of foreign imports of industrial goods cause fluctuation of the exchange rate of the Iraqi dinar
Economist: the large number of foreign imports of industrial goods cause fluctuation of the exchange rate of the Iraqi dinar
13-06-2013 10:23 AM
Baghdad (news) .. He attributed the economic expert عبدالحسن Shammari, the reasons for fluctuating exchange rate of the Iraqi dinar against the U.S. dollar to the large number of imports foreign goods and materials, which led to the depletion of hard currency from the inside. Shammari said (of the Agency news): The large number of imports of State for the most basic industrial materials consumer from neighboring countries as a result the absence of a product industrial Local led to the depletion of hard currency and large quantities of the country, and this prompted some fluctuation exchange rate of the dinar against the dollar. said: that the government is demanding attention productive sectors, especially the industrial sector for the provision of local products and reduce imports of Foreign Affairs and thus provide hard currency for the country. witness the exchange rate of the Iraqi dinar fluctuated sharply against the U.S. dollar, as a result of the Central Bank’s measures to sell hard currency. / End / 8.’s. m /
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