Wednesday, May 30, 2012

Academic: rule out the establishment of a central market for the sale of Arab and foreign currencies

Wednesday 05/30/2012

Baghdad (news) .. Rule out the possibility of international economic relations professor at the University of Mustansiriya Dr. Abdel-Rahman a star, Created a market for currencies of the Arab and Alajunbh, citing the lack of currency in Iraq, but he supported the idea of ​​establishing the market.
Dr star (of the Agency news) on Wednesday: It's hard Created market for the sale of Arab and foreign currencies, indicating that the idea of ​​"failed" the lack of multiple currencies in Iraq and the major currencies traded are the U.S. dollar along with the dinar and other currencies handle the weak.

I think the academic: When you create a central currency market will be dominated by the state and will be Mrkzath in Baghdad, and therefore does not serve the rest of the provinces.
And supported the star: the idea of ​​a central market of currencies from which to be selling currencies to the citizen directly, according to global pricing.

He pointed out: that Iraq is headed for a shift towards a market economy since the economic blockade and the need prompted to configure the offices of the Exchange to facilitate the sale and exchange more than the market, enough to be in the Iraq Central Bank auction and remained the arms carried out by the banking offices of the official approved.

He added: informal offices are located in the process of converting currencies through "clearing", and the smuggling of currency and money laundering of the coin.

He is Professor of international relations: that the dollar has become the main currency and almost official in Iraq, has facilitated this to the order if the central bank has succeeded in the project to delete the zeros and will increase the value of the moral of the Iraqi dinar and be the main in Iraq and Sitagny from the dollar. Finished / 21. A. M /