##### Finance Committee: poor financial management and banking reason for the continued increase in the exchange rate of the dinar against the dollar

12:38 10/05/2013

Follow-up - and babysit -

Refer Vice-Chairman of the Finance Committee MP / coalition of Kurdish blocs / Ahmed Hassan Faizullah, the reasons for lack of the low exchange rate of the dinar against the dollar to mismanagement of fiscal and monetary followed in the country.

Faizullah said: The management of the central bank lagged so much on the subject of maintaining the exchange rate of the Iraqi dinar against foreign currency, and left Iraqi money being wasted without having effective control them.

He explained: that the country is suffering from floundering in his economic policies and financial, which means that there is no eagerness largely by economic institutions for the management of financial resources, and an end to the attacks, which exposed the national currency from time to time, which led to the impairment.

Witness the exchange rate of the Iraqi dinar against the U.S. dollar declined severely during the current period, in spite of making new regulations by the central bank to return to its normal price


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