Parliamentary Economy: coming days will witness a rise of goods because of the dollar
1/26/2016
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Expectation for economic and investment commission in Parliament member Ahmed Kanani, to witness the coming days, an increase of goods, "stressing that" the Central Bank of Iraq in front of the World Bank is committed to maintaining the dollar's exchange rate. "
He said Kanani told all of Iraq [where], that "the dollar will remain conservative, the Central Bank is committed to the World Bank and the site to maintain this price [dollar] price," noting "there is no effect on the goods at the present time."
However, "but the coming months and days there will probably be a crisis in which commodity prices rise and the dollar."
He stressed Kanani "should we avoid this crisis and put solutions before we government and parliament embarrassing position in front of the Iraqi people," stressing the need to "exploit the visions and ideas and using them to lift the economy."
Iraq is facing a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, and total revenues reached the 81 trillion and 700 billion dinars.
He accused the Counselor for Economic Affairs in the Prime Minister, Abdul Hussein Al-Anbuge central bank following the policy of "distorted, and inconsistent," the shadow of the financial crisis in the country.
He held Anbuge, in a statement to [where], the central bank "big responsibility for the adoption of the distorted monetary policy and inconsistent the current time, it is an incentive policy, when loaned Bank banks up to 6.5 trillion dinars to support investment in important productive sectors to confront the slide toward the massive contraction that may ahead of us, a procedure properly and we support him, "noting that" this recession Snnzlq him probably caused by a decline in revenues from Iraq's foreign exchange. "
He stressed, "if he insisted [the central bank] to maintain the high rate of the dinar against the dollar for fear of compromising the Iraqi dinar, the entire Iraqi economy will be threatened, we will put the economy at the head of the crisis sweeping instead of being put in the less dangerous" .

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