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Experts: external factors behind the rise in the dollar exchange


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Experts: external factors behind the rise in the dollar exchange

On: Sun 04/15/2012 9:03

Baghdad / Ahmed Abed Rabbo

I noted the weakness in the government controlled Central Bank of Iraq on the process of foreign exchange to the dollar, a number of experts (range) that the central bank has succeeded to a large extent, except in its monetary policy to raise interest rates at banks.

He called head of economic studies at the University of Mustansiriya Abdul Rahman al-Mashhadani to the need to give the Central Bank of the field enough to do to complete the rest of the procedures, saying that the policy of the bank are going the right way. He said al-Mashhadani (range): The bank is managed through several procedures to work on the stability of the dinar exchange rate, as well as control the rate of inflation and uncontrolled, despite the fact that fiscal policy is open, explaining his work on maintaining the balance between fiscal and monetary policy.

He said al-Mashhadani: the slight increase in the dollar exchange rate needs to be a set of procedures, fiscal policy is supposed to be complementary to the cash, noting that external crises reflected on the economic situation in the country, the Iraqi market is affected by the rumors are very large.

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