####$$$$ Finance parliamentary: low price of the dollar against international currencies will impact on the national economy

28-04-2013 11:31 AM


Baghdad (news) .. The member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, the need to diversify the basket of currencies with the central bank to avoid global crises and changes that occur at the price of the U.S. dollar in world markets.

Abbas said (of the Agency news): The low exchange rate of the U.S. dollar either the Japanese yen and other international currencies will impact on the national economy, being directly linked with the dollar, the fact that the Iraqi crude oil is sold in U.S. dollars.

He added: that the major industrialized countries such as Japan and the United States deliberately depreciate their currencies in order to increase their exports of Foreign Affairs, and these changes shed بضلالها on third world countries based on the dollar in most internal and external dealings.

He pointed out: that the demands of the Iraqi Central Bank to take bold steps to the diversity of the basket of currencies and not rely solely on the dollar, as it has large reserves of hard currency, to avoid the impact of volatility winning price of the dollar in world markets.
The U.S. dollar is witnessing a noticeable decline against the yen in global markets during the past few days. / End / 8.'s. M /


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