Baghdad (news) ..
A member of the Finance Committee MP / Kurdistan Alliance / Najeebeh
Najib, that the government take urgent measures to strengthen the Iraqi
dinar is not considered the work of the central bank intervention,
stressing that the current laws are not commensurate with the policy of
the free market economy.
Najib said (of the Agency news): to strengthen the Iraqi dinar is not
only the responsibility of the central bank, but its responsibility
rests with all relevant institutions and the Iraqi state, indicating
that Iraq needs a strong economy and a strong currency.
She added: there must be urgent action and strategic plans by the
government to strengthen the economy, without a strong economy and
produce local and directed state can not strengthen the Iraqi dinar.
She pointed out: that the legislation window does not fit with a free
market economy, nor with the government on plans to strengthen the
economy, noting that strengthen the to ايطبق the dinar in a short period
but need a set of procedures and a package of laws to get the desired
results.
It is noteworthy that the Iraqi Central Bank is responsible for
monetary policy and there is a tendency for the integration work between
the central bank and the government to raise the purchasing power of
the Iraqi dinar. / End / 5. H. P /
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Baghdad (news) ..
Refer economic expert Hazim al-Nuaimi, the reasons for retaining the
Central Bank of large quantities of gold to avoid the Iraqi economy from
the seriousness of the economic crisis that hit some countries in the
world, as a safe haven for the national currency.
Naimi said (of the Agency news): Iraq depends mainly on oil and gas in
the economy and the cover is important for currency, due to suspension
of wheel production in it, and thus the central bank to keep the largest
amount of gold and other foreign currencies to ensure the economy.
He added: that the economic situation in the country through the theory
of supply and demand for goods is limited by the level of the economy
in the global market.
It is noteworthy that Iraq has taken a big step to strengthen its gold
reserves to join the other central banks of emerging market economies
such as Brazil and Russia to diversify its foreign reserves. / End / 5.
H. P /
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