Saturday 26/05/2012
Baghdad (news) ..
According to a member of the Committee of Economy and Investment MP /
white mass of the Iraqi / Mayahi Aziz, the central bank's ability to
make one dollar is equal to (1000) Iraqi dinars, the requirement to
change the current monetary policy, calling it "wrong" and need to
re-examine them.
Mayahi said (of the Agency news) on Saturday: The central bank was able to reduce the value of the U.S. dollar against the Iraqi dinar exchange rate and make the equivalent of (1000) dinars, due to the presence of a large financial reserve estimated at more than (62) billion dollars.
He added that the current monetary policy pursued by the Central Bank "wrong" and need to be reconsidered, because the continuation of work out will harm the public money, especially in the recent period when it rose the value of the dollar significantly against the dinar because of the promotion of transactions and fake by speculators led to smuggle large hard currency abroad, laden with the responsibility of the Central Bank.
He pointed out: that the central bank governor has promised to reduce the exchange rate of the dollar against the dinar after (6) months from now to make one U.S. dollar is equivalent to (1000) dinars, when it was hosted by the Economic Commission representative, pointing out that the process is not Balsabh and can be achieved. / End / 8. d. Q /
Mayahi said (of the Agency news) on Saturday: The central bank was able to reduce the value of the U.S. dollar against the Iraqi dinar exchange rate and make the equivalent of (1000) dinars, due to the presence of a large financial reserve estimated at more than (62) billion dollars.
He added that the current monetary policy pursued by the Central Bank "wrong" and need to be reconsidered, because the continuation of work out will harm the public money, especially in the recent period when it rose the value of the dollar significantly against the dinar because of the promotion of transactions and fake by speculators led to smuggle large hard currency abroad, laden with the responsibility of the Central Bank.
He pointed out: that the central bank governor has promised to reduce the exchange rate of the dollar against the dinar after (6) months from now to make one U.S. dollar is equivalent to (1000) dinars, when it was hosted by the Economic Commission representative, pointing out that the process is not Balsabh and can be achieved. / End / 8. d. Q /