Political problems and weak monetary policy behind the low exchange rate of the Iraqi dinar
Attorney Qais Cdhir: political problems and weak monetary policy behind the low exchange rate of the Iraqi dinar against the dollar
03-04-2013 12:32 PM
Baghdad (news) .. Refer MP / coalition in Iraq / Qais Cdhir, causes low exchange rate of the Iraqi dinar against the U.S. dollar to political problems taking place in the country, and the lack of control over the sale and purchase of foreign currency. said Cdhir (of the Agency news): The weakness of the monetary policy pursued by the Central Bank, which led to the lack of real control on the sale of hard currency and how disbursed and quantities traded in the market caused a decline Iraqi dinar exchange rate against the dollar. continued: as well as lack of control over transfers outside of the money, which caused the escape and exit a lot of money in hard currency out country. added: that political problems witnessed by the country during the last stage also contributed to the deterioration of the value of the national currency, because it led to an increasing demand for the dollar in the local market. This has seen Iraqi dinar exchange rate during the recent period plummeted against the U.S. dollar. / end / 8. n. p /
ikhnews.com
