Economic Committee Member: CBI is responsible for the fluctuation of the exchange rate of the Iraqi dinar

Posted by on Oct 27, 2013 | Leave a Comment

24-08-2013 01:58 PM
Baghdad (news) .. A member of the Economic Commission Mahma Khalil, the failure of the central bank in the stability of the Iraqi dinar against other currencies.

Khelil said (of the Agency news): that in all countries of the world and function of the central bank to maintain the value of its currency against other currencies and the stability of its exchange rate, stressing that the central bank failed in maintaining the value of the dinar.

added: that the central bank possesses no after strategic economic to maintain the value of the Iraqi dinar and meet the challenges of other currencies, indicating that it is unreasonable to have balance Iraqi sovereignty more than 76 billion dollars and the dinar exchange rate (1200) .

saw the exchange rate of the Iraqi dinar declined severely over the past few months, generating a great upheaval in the domestic market

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