***** Expert calls for the central bank to change its monetary policy by foot to open new outlets to sell the dollar

11/01/2014 01:47



BAGHDAD / Source News / .. Financial expert warned peace Sumaisem Saturday , the Central Bank of the foot on the opening of new outlets to sell the dollar before that change its current monetary policy .

She Sumaisem Agency / Source News / , that "there is information indicating that the central bank intends to open new outlets to sell the dollar in order to reduce the price of the dollar against the local currency and this measure is true , but it must be preceded by a process of change in the monetary policy of the Central Bank " , adding that " if the bank continues its current policy , it will increase the economic deterioration in Iraq will be dysfunctional for the purpose I do not think will solve the issue."

She Sumaisem that " the continuation of the central bank in financing the import and the opening credits without safeguards as it is now, will lead to an increase in the smuggling of hard currency and thus will return the damage on the Iraqi economy."

Mention that the information was leaked from the Iraqi Central Bank indicate that the central bank will open this year new outlets for the sale of hard currency in order to reduce the exchange rate of the dollar against the local currency.



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