Specialists warn of a shift to the dollar coin Kurdistan
Specialists warn of a shift to the dollar coin Kurdistan
10/25/2014 15:04
Tomorrow’s Press / Baghdad warned deputies and specialists in respect of financial and economic consequences of the excessive use of dollars instead of the dinar in the Kurdistan region of Iraq during their business dealings and investment and at different levels, Aazin due to lack of confidence in Baghdad and instability, security and economic in the region.
He says businessman Kurdish Shad Aziz for “tomorrow’s Press,” said that “months, eight years, and since the start of the political crisis between the center and the region, as well as security events in the province of Nineveh, traders began not to deal in Iraqi dinars and prefer to handle foreign currencies more stable, such as the dollar and European currency Consolidated euro. ”
Aziz said that “this phenomenon did not come from a vacuum, but because fiscal policy wrong for the Iraqi government which caused the damage in the local currency, as it can not rely on the currency as long as officials at the center hint from time to time the possibility of changing the currency or delete Asfarha, and non-payment of budget territory , called to the belief that more foreign currency trading guarantee for trade and investment within and outside the region. ”
For its part, asserts a member of the Parliamentary Finance Committee Najiba Najib for “tomorrow’s Press,” said that “the Iraqi dinar parsimonious in the banks of the Kurdistan region as a result of the non-diversion of Baghdad budget province eight months ago, which led to the difficulty of paying salaries to employees in dinars and thinking in the payment of salaries in dollars, as well as low exchange rate of the Iraqi dinar, and the lack of stability against other currencies, all of this pushed traders to replace their capital foreign currencies. ”
As an expert in financial and economic affairs Majid al-Hakim Between for “tomorrow’s Press,” that “the suffering of the country in general and the region in particular, of the conditions of security, political and economic unstable reason the sponsor to take back to deal in Iraqi dinars by some Kurdish traders in the markets of the region and the shift to Dealing with foreign currencies as dollar and the euro. ”
He pointed out that “the Kurds warn and fear of the collapse of the Iraqi currency as a result of those conditions, and the possibility that the resort provincial government to deal in dollars to save the economy of the deal until the issuance of a new currency of their own, in the presence of weights and indicators by officials as a need for independence and the declaration of a state of Kurdish as well for expansion and worsening differences between the center and the region even after the change of the Maliki government, which was a stumbling block in front of re-wetting the political atmosphere and economic relations between the two parties. ”
It is said that the Kurdistan Regional Government of Iraq had hinted before that it will be spent for the salaries of its US dollar it gets from oil revenues in the event of continued non-diversion of the provincial budget.
The head of Iraq’s Kurdistan region, Massoud Barzani, said in (the 14th of March 2013), that the cause of the crisis through which Iraq is currently “not to abide by the constitution,” which defined the tasks and the rights of all parties, and between that solution lies “in the implementation of the Erbil” because it is a road map save Iraq, and stressed that the Kurds will not accept subordination and their role in the new Iraq commensurate with the size of the sacrifices they have made for this role and asked, “Are we partners Fenrid If yes, and if not actually Vleslk each of us the right way.
alghadpress.com
