Economic Information Center urges the government disengagement of the Iraqi dinar to the dollar

Admin Sun Oct 20, 2013 11:44 am

Economic Media Center student government need to work on the disengagement of the Iraqi dinar to the dollar to protect the Iraqi economy, noting that "the U.S. economy is threatened by the new economic crises threaten the dollar zone.

The head of the center Dergham Mohammed Ali in a press statement that "despite the end of the crisis shutdown of government the U.S., but there is another crisis threatening the U.S. economy is the high ceiling of the government's debt the U.S. to record levels reached 17 trillion dollars," he said, adding that " dollar area exposed to the risk of real economic not experienced since the Great Depression in the twenties of the last century.

Mohammad Ali demanded the Iraqi government to "study to find alternatives to the dollar in Iraq's foreign reserves to a basket of currencies including the most stable Asian currencies such as the Chinese yuan and the Japanese yen as well as the euro and the pound sterling and other currencies are stabilizing higher than the dollar.

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