Central Bank doesn't follow contractionary policy & therefore raise Iraq currency

Parliamentary Finance: Central Bank does not follow the contractionary policy and therefore raise the Iraqi currency

Special - scales News - Said the parliamentary finance committee member Ahmed Sarhan Sarhan, Saturday, that the central bank does not follow the contractionary policy through his province on the price of the Iraqi dinar, among the government does not know why he did not follow the central bank's policy lead to a strengthening of the Iraqi dinar against the dollar.

Sarhan said L / scales News /, that "there is no political deflationary followed by the central bank in its dealings with the Iraqi currency," adding that "the central bank policy is known to all attributing the cause to be an independent nothing to do with deflation and inflation."

He added, "The government does not know why he did not follow the central bank's policy lead to a strengthening of the Iraqi dinar against the dollar in light of the severe economic crisis."

He said the central bank "axis of the economy in Iraq, attributing the cause to its ability to grant power of the Iraqi dinar by displaying large amounts of the dollar, leading to a decline in the dollar price rises In contrast, the price of the Iraqi dinar."

He pointed out that "the lack of width dollar leads to higher prices in the Iraqi market, leading to inpatient Iraqi dinar," calling on the central bank to "follow the giving power of the Iraqi dinar policy which positively affect the current financial crisis." Ended 29/4 e


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