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Economist: currency backed up by more than one and a half times in value and do not fear them

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Sunday 12 March 2017 | 12:56 pm
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Economist: currency backed up by more than one and a half times in value and do not fear them

Baghdad/. Economic expert named Antoine, Sunday, Iraqi currency backed up by more than one and a half times in value and do not fear them, as they had backed by hard currency plus gold dollar,

he pointed out that the currency is not the basis but the country's economic interface only.

Antoine "into Iraq News" Iraqi currency, backed by a rare currency by more than one and a half times the value of truth and not fear them ", adding that"

the dollar and gold, but the cover is the dollar cap on the market and have local and international banks.

Asked if she increased support through the dollar or gold will increase the value of the Iraqi currency, Economist, said that "currency to ensure growth and strength you need to cover in foreign currency",

noting that the currency is not the basis but the country's economic interface only when the country's economy recovered be virile currency automatically.

And the US dollar is the global reserve currency role as Central Bank reserves in most of the world with large reserves of us dollars to meet their requirements for imported goods and services, thereby taking over two thirds of dollar foreign exchange reserves in the world and 80 percent of foreign exchange swaps.
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