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Iraqi Economic Parliamentary Committee pointed failure of CBI in currency price decline
06 Jun 2013
The Economic Parliamentary Committee has attributed contiguous in the value of Iraqi dinar in exchange of the price of USD. The committee stated this as – "the unsuccessful policy adopted by the Central Bank of Iraq."
The Secretary of the Parliamentary Committee, Mahamma Khalil, stated that the continuous decline in the prices of the Iraqi dinar is the greatest concern for the country of late. This is a result of the foreign policy failure and this should be taken care with immediate actions; otherwise it may lead to greater concerns for the economy of Iraq. The fall in the price of currencies would lead to great concerns for the country as presently; the price of the local market goods is at peak. As the country exports most of its goods, it is quite a hard time for the consumers to buy things for their daily living even.
He also added, "The CBI pledged to take procedures to increase and maintain the price of IQD, yet the price is falling down.'' USD has been offered by CBI in the currency auctions of foreign currencies in Iraq. The bank offers lesser value than the Iraqi market to reduce the difference between the IQD and USD.
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06 Jun 2013
The Economic Parliamentary Committee has attributed contiguous in the value of Iraqi dinar in exchange of the price of USD. The committee stated this as – "the unsuccessful policy adopted by the Central Bank of Iraq."
The Secretary of the Parliamentary Committee, Mahamma Khalil, stated that the continuous decline in the prices of the Iraqi dinar is the greatest concern for the country of late. This is a result of the foreign policy failure and this should be taken care with immediate actions; otherwise it may lead to greater concerns for the economy of Iraq. The fall in the price of currencies would lead to great concerns for the country as presently; the price of the local market goods is at peak. As the country exports most of its goods, it is quite a hard time for the consumers to buy things for their daily living even.
He also added, "The CBI pledged to take procedures to increase and maintain the price of IQD, yet the price is falling down.'' USD has been offered by CBI in the currency auctions of foreign currencies in Iraq. The bank offers lesser value than the Iraqi market to reduce the difference between the IQD and USD.
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