Khalil: solid central bank policy and the future of the Iraqi dinar

08-03-2012 | (Voice of Iraq) - Baghdad - where

He attributed the Kurdistan Alliance MP Khalil Mahma high exchange rate of U.S. dollar against the Iraqi dinar to the speculation in the currency market and forecasts the emergence of a large liquidity after approving the budget for fiscal 2012 and also submit to the market supply and demand. "

He said in a statement to all of Iraq [where] the day that the Central Bank of Iraq adopts a policy of monetary solid to the presence of financial cover and the balance of enough of the Iraqi dinar with the stability of prices and the Bank's policy for adoption policy single window with his customers and that marching and confident. "

Khelil said that the future of the Iraqi dinar will be there will be no rise of the dollar because the U.S. central bank policy is moving toward stabilization of the Iraqi dinar. "

He said the Kurdistan Alliance MP said what the central government and central bank policies in these circumstances a good precautionary measure, "adding" there are no misgivings of any state to protect the whole economy and that there are violations in all countries of the world. "

Saw the local exchange markets in recent months, a remarkable increase in sales of foreign currency, especially the dollar, in turn, decreased the value of Iraqi dinar against other currencies is that the value of the central bank is still fixed.

He was an adviser to Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge had criticized earlier in the policy of the Iraqi Central Bank to lift the Iraqi dinar against the U.S. dollar, "adding that" the bank did not coordinate with the Economic System in addressing the situation, "asserting that" those political violate the productive base in Iraq and that the Iraqi Central Bank to raise the dinar against the U.S. dollar at the present time is incorrect because it is a real increase. "

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