High dollar exchange rate for the dinar affects the country’s economic

Posted by on Nov 01, 2013 | Leave a Comment

 

Baghdad (newsletter). Banking expert said Majid mock, the US dollar exchange rate fluctuations affect the entire economic process, because of the interdependence between the economy and the dollar.

Mock said (News Agency): the rise and fall in the dollar exchange rate negatively impact the economy of Iraq, because the Iraqi walwaradat evaluated all exports in dollar terms, the volume of imports for Iraq amounted to $ 70 billion, all of which would be affected.

He continued: that any change of uttzebzeb to the US dollar and other currencies influences, and directly affected the economic situation and Iraq’s relationship with other countries. The parliamentary economy Committee warned of the continued rise of the dollar to dinar, adding that this phenomenon began to overburden the majority of low-income citizens

 

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