Economic Committee Member: Weak purchasing power of IQD affects CBI currency reserves

Posted by on Oct 23, 2013 | Leave a Comment

A member of the Committee MP economic Mahma Khalil, that weakened the purchasing power of the Iraqi dinar affect the reserves of the Central Bank of the currency.

Khalil said in a press statement that the fluctuation of the exchange rate of the Iraqi dinar against other currencies will affect the Iraqi economy, in addition to the sovereign balance of the affected reserves of the Central Bank.

He added: when he reduced the purchasing power of the Iraqi dinar will be affected by the economy because all goods entering are in hard currency and thus would be aggrieved citizen is the biggest.

He pointed out the importance of maintaining the exchange rate of the dinar and the purchasing power because it has the advantage of belonging to the Iraqi people and the fact that Iraq contains more than four million employees paid in dinars

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