The Parliamentary Committee on the economy: the recession happening in the stock market will affect the exchange rate of the Iraqi dinar

The Parliamentary Committee on the economy: the recession happening in the stock market will affect the exchange rate of the Iraqi dinar



26-10-2013 05:49 AM


Baghdad (news) .. Commission warned the economy and investment representative of the impact of the recession happening in the Iraqi market for securities on the monetary policy of the central bank in terms of the low exchange rate of the Iraqi dinar against the U.S. dollar.

The decision of the Committee Deputy Mahma Khalil (of the Agency news): The recovery of the stock market needs to be a safe haven and a stable political system sober and substantial investments and a strong economy and a transparent, being one of the systems that have direct links to the economy and monetary policy of the country.

He added: that the low movement of the Iraqi market for securities, especially after the withdrawal of world sober Kalinclaizah the companies and the U.S. left a bad reputation for financial market and trading.

He continued: in addition to the current political situation cast Bdilalh over the rest of the aspects of both security and economic, as well as the movement of the stock market, both business and domestic and foreign companies.

He pointed out: that the continuation of the recession happening in the Iraqi market for securities will affect the monetary policy of the central bank and thus will affect the exchange rate of the dinar against the dollar.

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