Expert: need for the stability of the dinar in order to be desirable in the outside

05/07/2012 0:00

BAGHDAD - Al Sabah
Attributed the financial expert, wholesome Elias Abou, the cause of the unwillingness of countries in the world to deal with the Iraqi dinar to the fluctuation in the rate of exchange against foreign exchange and the absence of political and economic stability in the country.

Said Abbou in a press statement he made to the Agency (news): The monetary policy pursued by the Central Bank responsible for rejection of the regional countries and international dealing in Iraqi dinars, because they do not allow the exit of large amounts of local currency abroad and restricted passengers to take limited amounts of the dinar when traveling.

He added that the Central Bank of afraid to enter the counterfeit currency when allowing entry and exit of the Iraqi currency, but allowed to get out of the country will force countries to deal with and become internationally accepted and has a real value against other currencies.

And that the dinar needs political stability and then the economic goal of diversifying revenues and increase total production of the country and maintain its exchange rate against the dollar, foreign currency in order to become an international currency popular in all countries of the world.


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