Abtan: several conditions met led to the HIGH EXCHANGE RATE of the DOLLAR AGAINST the DINAR (05/20/2013 11:47 am)

[ALBUNDY]

 

 

Abtan: several conditions met led to the high exchange rate of the dollar against the dinar
 

 

 

 

Mon 05/20/2013 11:47 am
 
 

 

BAGHDAD / WAP / A member of the Committee on Economy and Investment parliamentary Abdul Hussein Abtan, said there were several conditions were met Prime cause of the high exchange rate of the dollar against the Iraqi dinar.
 
 

 

He said Abtan news agency Baghdad International / WAP / Monday, "It's surprising that are determined exchange rate of the dollar against the dinar in 2006 to 1160 when he was a reserve Iraq ten billion dollars and today when he arrived reserves Iraq to $ 74 billion, we find that the exchange rate of the dollar has rose. "
 

 

 

He added that "there are several factors for this fluctuation in the exchange rate first is the lack of proper management of the economy in Iraq, with the absence of economic vision in addition to the lack of coordination between monetary policy and the economic and other policies that support the power of the Iraqi dinar to mention the factor of rampant corruption and the theft of money and laundered with the lack of oversight . "
 

 

 

Abtan said that "the matter required under normal economic conditions that the exchange rate of the dollar today without thousandth dinars with the need to have reserves of the Central Bank thus stronger because he will reflect on the situation of living in the country." / End 8

 

 

 

 

THE LINK : http://www.baghdadiabian.com/news.php?action=view&id=49760

 

[fastarnie]

I agree whole heartedly. Specially the last paragragh.

[sandfly]

YEP

[ALBUNDY]

GO RV.