MP Qais الشذر: political problems and weak monetary policy behind the low exchange rate of the dinar against the dollar

03-04-2013

Baghdad (news) .. Refer MP / coalition in Iraq / Qais الشذر, the reasons for the low exchange rate of the Iraqi dinar against the U.S. dollar to the political problems taking place in the country, and the lack of control over the sale and purchase of foreign currency.

He said الشذر (of the Agency news): The weakness of the monetary policy pursued by the central bank, which led to the lack of real control over the sale of hard currency and how to dispensing and quantities traded in the market caused the decline of the dinar exchange rate against the dollar.

He continued: as well as the absence of control over external transfers of money and that caused escape and a lot of money out of the hard currency out of the country.

He added: that the political problems that the country witnessed during the last stage also contributed to the deterioration of the value of the national currency, for it led to an increasing demand for the dollar in the local market.
This has seen the exchange rate of the Iraqi dinar during recent severe decline against the U.S. dollar. / End / 8. N. R /

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