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Economic parliamentary: the central bank "weakening of the dinar against the dollar"

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dealerdean


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Accused member of the Committee on Economy and Investment parliamentary MP Aziz Shareef al-Mayahi, on Wednesday, the central bank to take action unintended weaken the Iraqi dinar against the U.S. dollar.


Warning call its governor Abdel Basset Turki of the Parliament in the event of the continuation of that policy suspicious. said Mayahi in a statement, "we warned earlier in the seriousness of the central bank's decision to compel banks to deposit all their money in the Central Bank as a condition for entry into the auction to buy the currency, where it began Results This decision reflected clearly on the rise in the dollar exchange rate suspiciously. " added Mayahi that "the central bank did not provide any justification logic of this decision parallels the damage experienced by the Iraqi dinar against the dollar, and this is reflected heavily on the local market, traders and banks work both Bdilalh and will deliver in the event of continuing this policy in the near term food on the citizen. " He Mayahi that "the central bank's decision but that it was not deliberate or meant to hit the local currency market to serve the parties benefiting we do not know all of this in its entirety enter the door of the destruction of the economy," noting that "to insist on this approach destructive force us certainly to wire all the legal ways to end it , including a request for the presidency of the parliament in order to call the central bank governor Abdul Basit Turki to provide Dfoath and justifications of what is happening. " It is noteworthy that the Iraqi Central Bank confirmed on 30 July 2013, the stability of the exchange rate of the Iraqi dinar against the dollar, in response to a report by the Center for Global Development Studies occur about the "reality flopped in the Iraqi economy," noting that its reserves of hard currency amounted to $ 70 billion at the end of 2012, while noting enhance the tally of gold to 29.7 tons. Finished /

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