Council of Ministers: formation of a committee member...
Council of Ministers: formation of a committee member of al-Shahristani Shaways and to study the fluctuation of the exchange rate of Iraqi dinar
Wednesday, April 11 / April 2012 14:52
[Baghdad - where]
Announced that the General Secretariat of the Council of Ministers set up a committee to study the fluctuation of the exchange rate of the Iraqi dinar. A statement of the General Secretariat received by all of Iraq [where] a copy of it on Wednesday that "the Council of Ministers face to form a committee headed by Deputy Prime Minister for Economic Affairs [Ruz Nuri al-Shawish] and the membership of the Deputy Prime Minister for Energy [Hussain al-Shahristani] and members of the Committee on Economic Affairs and the Secretary General of the Council Minister [on the Keywords]."
He added that "the Committee will consider the issue of exchange rate fluctuation of the Iraqi dinar recently, in addition to proposing appropriate solutions and to address and prevent harm to the national economy." The statement pointed out that "the committee will also considering the high prices of some foodstuffs, fish, vegetables, fruit and other commodities of daily consumption and develop appropriate solutions to lower prices," stressing that "the Directive of the Council of Ministers refers to the Committee to submit its findings and recommendations and proposals in the final as soon as possible to the Secretariat of the Council of Ministers for presentation at a session of the Council." This testifies the Iraqi market rise significantly in the exchange rate of the dollar against the Iraqi dinar, reaching hair buy the dollar to 1300 dinars, while the price specified by the Central Bank to this day is 1166 dinars, an increase of 134 dinars per dollar, and this equates to about 11 percent of the price specified formally ".
The central bank attributed the might and the words of the Vice Province Bank Mazhar Mohammad Saleh's [where] the high dollar exchange rate and increase the demand for it in Iraq to the global financial restrictions imposed on some neighboring countries, referring to Syria and Iran.