Deputy: Rise of the dollar exchange rate affects the Iraqi market

04/27/2013 10:44:00

High dollar prices

Saw an MP for the Finance Committee Najiba Najib, that the high price of the dollar against the Iraqi dinar would have a direct impact on the Iraqi citizen.

The MP for the Finance Committee, that the high price of the dollar, "requires the intervention of the parliament and government institutions involved in this matter to rectify this increase," and Ostdrki said: "We as a committee financial our supervisory role where he was held three meetings at the beginning of the month of April / this April, in the presence of Deputy Iraqi parliament speaker discuss and debate the causes and kinks that led to the increase in the price of the dollar against the Iraqi dinar. "

And added Najeebeh Najib, that "external causes, including regional security situation experienced by Syria currently strong demand on Atarmen one hand, and the role of the central bank in the currency auction control monetary policy and checks and Altalmyat that issued by the bank is very weak."

As and deferred MP, also the cause of the rise in the currency is "weak oversight by the central bank and the government and parliament," calling "all the institutions concerned to develop controls and mechanisms to prevent the aggravation of the crisis of high prices of the dollar."

With regard to the subject of financial advances, explained Najeebeh Najib, that the government and parliament enactment of a law small projects for the unemployed working Bmlbg no more than 20 million Iraqi dinars, provided that the payoff of the project back economic benefit to the Iraqi market and the country.


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