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Financial expert calls for the Central Bank to take the necessary measures to rescue the Iraqi dinar exchange rate  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Financial expert calls for the Central Bank to take the necessary measures to rescue the Iraqi dinar exchange rate

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Financial expert calls for the Central Bank to take the necessary measures to rescue the Iraqi dinar exchange rate  Empty Financial expert calls for the Central Bank to take the necessary measures to rescue the Iraqi dinar exchange rate

Post by Ponee Fri May 17, 2013 10:34 am

15-05-2013 12:37 PM

Baghdad (newsletter). The financial expert said Abdulsattar al-Hashimi, continued reduction in Iraqi dinar exchange rate against the US dollar unless there was serious by the Central Bank to develop a plan to save the national currency.

He said al-Hashimi (News Agency): the Iraqi dinar exchange rate tended to decline against the u.s. dollar since the Central Bank's new management to date, this is indicative of the failure of monetary policy and the weakness of the current management of the Bank.

He added that the Central Bank is required to take the necessary measures to save the national currency, to the continued decline would drag the country into a major economic problems such as high inflation and increasing prices in the market as well as its impact on the Central Bank's cash reserves.

This testifies to the Iraqi dinar exchange rate declined substantially against the US dollar, which made some economists express fear of the continuing decline and its impact on Iraqi economy./finished/8 l. Eng.

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