Member of Finance Committee: The Central Bank puts the instructions and opposers can not preserve the value of national currency

29.05.2012 | (Voice of Iraq) - add comment -
Baghdad (news) has criticized a member of the Finance Committee National Alliance MP Abdul-Hussein al-Yasiri, the monetary policy pursued by the central bank, adding that he puts the instructions and financial rules and the violation of their application. Yasiri said (of the Agency news) said on Tuesday: The officials and decision-makers in the bank Central tend to emotional style, what makes them "Itnervzon" Once the high value of the dollar against the dinar, without resorting to radical solutions or thinking about the development director for any crisis, an emergency occur in the financial system of the country. He added that monetary policy currently followed in the country need to be reconsidered by the to comply with the new economic order that a shift from totalitarian "central" to the free market, pointing out that the central bank intervention to him substantial funds is not known how to employ them in order to preserve the value of local currency and the Iraqi economy. He explained: that the report issued by the Financial Supervision refers to the bank Central puts the rules and regulations pertaining to the financial system and currency in the country, the first violation of their application, what created a sharp fluctuation in the stability of the Iraqi dinar against the U.S. dollar in recent times.

Read more: