Baghdad (news) .. Suggested by the Economic Commission for MP / coalition in Iraq / Nora Albjara sale of crude oil in Iraqi dinars instead of dollars, to support the local currency and increase its value against hard currencies.
The Albjara (for the Agency news) Friday: should work towards increasing the exchange rate of the Iraqi dinar against foreign currency and making the dinar international currency deals all States abroad through the sale of a barrel of oil in Iraqi dinars, not U.S. dollars like some oil-producing countries that sell oil currency in order to support and increase its value.
She added that if the sale of crude oil has become the Iraqi dinar will generate increased demand for purchase by auction the central bank and this is what will lead to increased exchange rate against the hard currencies of the world are forced to deal in Iraqi currency abroad.
She Albjara to: that the central bank does not approve the sale of oil in Iraqi dinars for fear of the occurrence of fraud in the local currency that the phenomenon is now spread in the local markets because of the security situation, your experienced by Iraq after a year (2003), indicating that this process needs to security and stability by tightening the work of the forces of economic security to prevent fraud or the like. / Finished / 8. n. r /
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The Albjara (for the Agency news) Friday: should work towards increasing the exchange rate of the Iraqi dinar against foreign currency and making the dinar international currency deals all States abroad through the sale of a barrel of oil in Iraqi dinars, not U.S. dollars like some oil-producing countries that sell oil currency in order to support and increase its value.
She added that if the sale of crude oil has become the Iraqi dinar will generate increased demand for purchase by auction the central bank and this is what will lead to increased exchange rate against the hard currencies of the world are forced to deal in Iraqi currency abroad.
She Albjara to: that the central bank does not approve the sale of oil in Iraqi dinars for fear of the occurrence of fraud in the local currency that the phenomenon is now spread in the local markets because of the security situation, your experienced by Iraq after a year (2003), indicating that this process needs to security and stability by tightening the work of the forces of economic security to prevent fraud or the like. / Finished / 8. n. r /
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