Parliamentary Finance: the continued rise in the dollar’s exchange rate against the dinar worries
Parliamentary Finance: the continued rise in the dollar’s exchange rate against the dinar worries
Monday 16 March 2015
Qurtas News / Baghdad
Parliamentary Finance Committee on Monday expressed, concern about the continuing rise in the dollar’s exchange rate against the dinar, while the central bank demanded to contain the market.
Said committee member Majda al-Tamimi’s “Qurtas News” that “the recent mechanisms adopted by the Central Bank of Iraq, as well as witnessed by Iraq, economic and financial security situation is stable, the reasons may be behind the rise in the dollar’s exchange rate against the dinar, and that this has been getting used to it in Iraqi market and rare lasts until he returns to normal. ”
She Tamimi said, “What worries us today is the continued rise in the exchange rate for the dollar against the dinar, in addition to the lack of stability on a specific sale price despite the measures and facilities carried out by the Central Bank.”
She drew Tamimi said that “the implications of the rise to be paid to the local currency degradation and rising inflation and an increase prices in the local markets, so it has to be from the central bank to take swift action to restore the dinar exchange and save it from deteriorating market and contain the rapid and full price.”
alqurtasnews.com
