Wednesday 09/05/2012
Baghdad (news) ..
The Deputy Chairman of the Finance Committee MP / Kurdish coalition
blocs / Ahmed Hassan overflow of God, that his committee proposed to the
Governor of the Central Bank to act from existing cash reserves to keep
the dollar on the value of Iraqi dinar, stressing that the proposed
rejection of the central and the intervention of any point in his work.
The flood of God (the Agency news) on Wednesday: that the meeting has been made in the Finance Committee the parliamentary presence of the central bank governor, touched on the many topics of interest to the national economy and the Iraqi dinar, most notably preserve the value of the dinar against the dollar and how to work a project delete the three zeroes from the currency, indicating failure to reach any conclusion about those topics.
He added that his committee submitted a proposal to the Central Bank Governor Sinan Shabibi act reservoir monetary existing hard currency "dollar", which was estimated at more than (60) billion dollars, in order to stabilize the exchange rate of the dinar against the dollar, but the Shabibi refused and asked not to enter any point of his work that the Central Bank is an independent body.
He ruled the Attorney Faizullah: restoration of the Iraqi dinar during the current period with the absence of local products and dependence on extractive industries "oil", because the increased value of the dinar need a strong economy based on large sectors of the economy.
And the project to delete the three zeroes from the currency, he pointed out: that the time is still not perfect and can not be that the project is implemented in a period marked by crises and political instability and economic situation in the country, saying most of the members of the Finance Committee are not convinced this project because it does not hurt the interests of the Iraqi people in the present time.
And witness the Iraqi market rise significantly from time to time in the exchange rate of the dollar against the Iraqi dinar, as the price of dollar-buying in some of the last few days to the (1300) dinars, while the price specified by the Central Bank to this day is the (1166) dinars, an increase) 134 (dinars per dollar, and that the equivalent of about (11%) of the price specified formally. / Finished / 8. d. Q /
The flood of God (the Agency news) on Wednesday: that the meeting has been made in the Finance Committee the parliamentary presence of the central bank governor, touched on the many topics of interest to the national economy and the Iraqi dinar, most notably preserve the value of the dinar against the dollar and how to work a project delete the three zeroes from the currency, indicating failure to reach any conclusion about those topics.
He added that his committee submitted a proposal to the Central Bank Governor Sinan Shabibi act reservoir monetary existing hard currency "dollar", which was estimated at more than (60) billion dollars, in order to stabilize the exchange rate of the dinar against the dollar, but the Shabibi refused and asked not to enter any point of his work that the Central Bank is an independent body.
He ruled the Attorney Faizullah: restoration of the Iraqi dinar during the current period with the absence of local products and dependence on extractive industries "oil", because the increased value of the dinar need a strong economy based on large sectors of the economy.
And the project to delete the three zeroes from the currency, he pointed out: that the time is still not perfect and can not be that the project is implemented in a period marked by crises and political instability and economic situation in the country, saying most of the members of the Finance Committee are not convinced this project because it does not hurt the interests of the Iraqi people in the present time.
And witness the Iraqi market rise significantly from time to time in the exchange rate of the dollar against the Iraqi dinar, as the price of dollar-buying in some of the last few days to the (1300) dinars, while the price specified by the Central Bank to this day is the (1166) dinars, an increase) 134 (dinars per dollar, and that the equivalent of about (11%) of the price specified formally. / Finished / 8. d. Q /
