Expert: dinar need to stabilize even be desirable abroad

Date posted 05/07/2012 10:23 AM


Babnioz-agencies: financial desperation Nafe returned expert Abbou, because of the unwillingness of world powers to deal with the Iraqi dinar exchange rate fluctuations to front of hard currency and the absence of political and economic stability in the country. said during a news briefing Abbou was made for (Agency news): monetary policy by the Central Bank responsible for global and regional States rejected the deal in Iraqi dinars, as they do not allow exit of large amounts of local currency abroad and restricting passengers to take limited amounts of dinars when travelling.
He added that the Central Bank feared entry counterfeit currency when you allow the entry and exit of the Iraqi currency, but allowed out of the country would force countries in dealing and become internationally acceptable and has real value to other currencies.
The dinar needs political stability and the economic diversification of fiscal revenue and increase the total production of the country and keep purely for hard currency rate as the dollar to become an international currency is desirable in all the Nations of the world.

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