Financial expert: the Central Bank is required to review monetary policy to support the dinar exchange rate

Financial expert: the Central Bank is required to review monetary policy to support the dinar exchange rate

03-06-2013 11:39 AM


Baghdad (newsletter). Download financial expert by the name of Hadi al-Tamimi, the Central Bank is responsible for the decline of the dinar against the dollar in the past period, affirming that the current monetary policy does not support the value of the Iraqi dinar.

He said Al-Tamimi (News Agency): to sum up the oscillation Iraqi dinar exchange rate against the US dollar of current management responsibility to the Central Bank, because of its policy that made the sales dollar monopoly and lifted control over local banks.

He added that the Central Bank is required to review monetary policy and a new policy to pursue the sale of hard currency and the possibility of delivery to eligible traders and owners of capital, taking into account the principle of balancing supply and demand in the market.

He noted: the continuing decline of the value of the Iraqi dinar against the dollar will affect the overall economic situation in the country, laying the foundations for the processed/completed/8 n. p.

[You must be registered and logged in to see this link.]

ahhhhh this guys have had almost 2 years to train the bankers and Iraqi folks in the ideas of banking , and use of the smart cards , they now have Microsoft in the mix as to help with electronic banking, now we see this guy stating policy isn`t backing the dinar`s value , seems like even at 1160 or what ever they call the rate , they are having a heck of a time just figuring out how and what to do next , in your opinion shred---> what do you think needs to be done just to get the value to 1000 to 1 ,, we now know the parliament doesn`t really have a say, or so the c.b.i. tells us. unless this is what all the jne rates adjustments are talking about--- moving the exchange rates too 1000 , that can only be the best out come { seems like } but again -- Iraq -- thanks for the post