Sources: keep a low exchange rate of the Iraqi dinar is intended
Sources: keep a low exchange rate of the Iraqi dinar is intended
The time on Tuesday, November 20 2 / November 2012 11:29 | |
Baghdad / Orr News
Informed sources said that “the survival of the high price of the dollar compared to the price of the Iraqi dinar is intentional it has joined parties from inside and outside Iraq,”
Pointing out that “the reason for this policy was an auction sale currency.” The sources agreed in separate comments for “Future of Iraq” that “auction policy panacea until 2008,” indicating that “then turned that policy to PAL and on the national economy, especially after the global crisis hit the U.S. economy and the EU.” She stated that “drain purchasing power of the Iraqi dinar and keep it in the gutter turned into a goal after 2008 through currency auction,” noting that “the issue shifted from maintaining the stability of the dinar exchange rate to increase the size of the daily demand on the U.S. dollar.” She noted that “the continued demand generates a recession of alternative currency that buys the dollar and provide a profit margin of the sold currency.” The sources confirmed that the “whole process a smart game and experts involved in the art of stealing Iraq’s money,” as she put it.
uragency
