Financial expert: Central bank demands to reconsider its monetary policy to support the exchange rate of the dinar

03-06-2013 11:39 AM


Baghdad (news) .. Download the financial expert on behalf of Hadi al-Tamimi, the central bank responsible for the low exchange rate of the dinar against the dollar during the last period, stressing that monetary policy currently used do not support the value of the Iraqi dinar.

Tamimi said (of the Agency news): The volatility of winning at the exchange rate of the Iraqi dinar against the U.S. dollar bears responsibility for the current administration of the Central Bank, because of its policy that made the dollar sales monopoly for certain destinations and escaped the control of the local banks.

He added: CBI demands to reconsider its monetary policy and develop a new policy to pursue the sale of hard currency and the possibility of delivery to eligible traders and owners of capital, taking into consideration the principle of balance of supply and demand in the market.

He pointed out: that the continuing decline in the value of the Iraqi dinar against the dollar will affect the overall economic situation in the country, they must put the right foundations to address them. / End / 8. N. R /



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