Wednesday, October 17, 2012 Greenwich Mean Time: 10:52
Live Broadcast
News / Iraq

Parliamentary and governmental efforts to preserve the value of the dinar
The Finance Committee met in the House of Representatives with a number of senior financial officials on Sunday to discuss ways to preserve the value of the Iraqi dinar.
Send to a friend

Iraqi citizen holds a banknote of 25,000 dinars class



BAGHDAD - Iyad navigator

Stressed member of the Finance Committee in the House of Representatives Haitham al-Jubouri the need to unify fiscal and monetary policies, and explained in a statement to "Radio Sawa" that his committee met on Sunday with representatives from the Ministry of Finance and the Central Bank to pursue fiscal and monetary policies and solutions and mechanisms to preserve the dinar.

Jubouri attributed the causes of volatility in the exchange rate of the dinar and the high demand for buying hard currency to the poor economic conditions in a number of neighboring countries as well as the spread of the phenomenon of dumping the commodity without specifying the controls governing the entry of goods to the Iraqi market.

It is noteworthy that Iraq participates in the joint meetings of the Bank and the International Monetary Fund, which began its work last Friday in Washington, DC.

And looking the Iraqi delegation, which includes Finance Minister Rafie al-Issawi and Central Bank Governor Sinan al-Shabibi with the U.S. government to issue a presidential decree to extend the protection of Iraqi funds deposited in U.S. banks for another year at a time plans by the Committee of the World Bank to visit Iraq soon to help him develop an economic policy within Bank's plan to cooperate with Iraq.