##### Abtan: if it does not improve the exchange rate of the dinar would be to block citizen last words

Saturday, May 18 / May 2013 14:54



{Baghdad: Euphrates News} MP for the mass of the parliamentary Abdul Hussein Abtan, said his bloc will not remain silent about the continuing decline in the value of the dinar and its impact on the country's economy and the lives of citizens, especially low-income and poor people who unfortunately make up half of society.

Abtan stressed in a statement to the Euphrates News Agency {} on Saturday that "the central bank primarily bear the responsibility to improve the exchange rate of the dinar, it is not reasonable that the country has reserves estimated at 74 billion dollars and the dinar assaulted him in front of the eyes of everybody."

He said, "on the central bank to take rapid action needed to be one dollar versus thousand Iraqi dinars, and this is what our work during the previous years and we have achieved stability of the dinar with the reserve did not exceed $ 30 billion at the time."

The Committee on Economy and Investment has confirmed that parliamentary disputes and political crises that hit the country and the lack of clarity of central bank policy led to the fluctuation of the exchange rate of the dinar against the dollar.

He described member of the Committee MP Amer winner of the continuing decline in the price of the dinar against the dollar "question is natural."

The winner said that "low rate of the dinar against the dollar abnormal issue might lie behind certain purposes."

He added that "a meeting was held with the Central Bank on the issue of selling the currency in the market was agreed to sell the dollar for the delegates and pilgrims and those actions did not meet the purpose because the price is still volatile, despite the announcement of the central bank will raise the value of the dinar against the dollar, but there are abnormal mafias dealing with the dollar. "

And that "so far we do not know the dimensions of this volatility but there should be a remedy for this situation, but the central bank is responsible for that."

So Qusay al-Suhail, First Deputy Chairman of the House of Representatives had chaired a meeting of the Finance Committee at its headquarters in the presence of the central bank governor Abdul Basit Turki, Chairman of the Committee and its members.

Suhail stressed "the need to identify and things to measures taken by the management of the central bank to deal with the fluctuation of the exchange rate of the dinar against the dollar, and stressed the importance of knowing the real reasons that led to this volatility, which will negatively affect the lives of the Iraqi individual.

And refers economists that the reasons for poor fiscal policy of the country, especially monetary and fluctuating exchange rate of the dinar against the dollar, many, focusing on the political differences that disrupted a lot of things the state and weakened, including fiscal policy or monetary, as well as the conditions of the country's current overall especially the security file and its repercussions serious the general situation in the country.


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