Economic center: dinar become desirable internationally after withdrawal of Iraq from Chapter VII sanctions

14-07-2013

Baghdad (news) .. Favored the president of the Center for Economic Information Dergham Mohammed Ali, the Iraqi dinar coin becomes desirable to deal internationally after the withdrawal of Iraq from the provisions of Chapter VII internationalist.

Muhammad Ali said (of the Agency news): that Iraq would emerge from Chapter VII of the Iraqi currency will make internationally acceptable and wider than it is now, where in the past was acceptable regionally and traded in countries that heading have Iraqis tourists.

He continued: but the term will be expanded to increase trade and increased international openness as long as there is a guarantee cover of foreign currency for the local currency.

He added: He does not have a direct link between the withdrawal of Iraq from Chapter VII of the dinar exchange rate that the exchange rate linked to local factors and is linked to the management of monetary policy in the country through the auction, supply and demand and the effectiveness of speculators in effect, in addition to less effect of the tremors imported inflationary.

This has been the voice of the UN Security Council on Iraq would emerge from the provisions of Chapter VII after Iraq fulfill its obligations to repay the debt owed it to some countries. / End / 8. G. / Mm

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