Kazem Al-Shammari calls for setting a date to reset Iraqi currency

09 Aug 2013

Kazem Al-Shammari, spokesperson of white parliamentary bloc has urged for making an appointment to reset the Iraqi currency.
In a press statement, Al-Shammari stated that the high volume of reserves of Iraq from foreign currency to $ 76 billion in addition to the 30 tons of gold bullion, and out of Iraq from Chapter VII, make it necessary to set a date to reset the Iraqi currency.

He further added that the investment of this reserve big help to raise the value of the Iraqi currency compared to foreign currencies. It will also help to reduce the price of the essential commodities in the general Iraqi market as most of the Iraqi goods are being exported from the foreign nations. This will help the common Iraqis who are struggling to but essential commodities with the price rise due to high exchange rate of Iraqi dinar in compare to foreign currency, like the US dollar.

To improve the overall living standards of the common Iraqis, it is very much necessary to reset Iraqi currency, as opined by Al-Shammari. To some extent, due to low price in the marketplace for the commodities will also eradicate crimes and terrorism issues from the country, as hoped by Al-Shammari!

Updated 09 Aug 2013 | Soruce: Mustakbal | By S.Seal