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06-19-2015, 08:41 PM
Governor of the Central Bank: the weakening of the dinar attempts failed and seven facts constitute a shield for our currency

Friday June 19, 2015 13:43

Alsumaria News / Baghdad
announced the Governor of the Central Bank of Iraq, said Friday that attempts to weaken the dinar FD failed and will develop to fail at any time, and confirmed the existence of seven facts constitute a shield fortified local currency. He said on the Keywords in a statement received Alsumaria News , a copy of it, that "the facts the past few days has shown that attempts to weaken the dinar speculators and attempts to fool hard facts failed to failure and will develop at any time, "stressing that" there are seven facts constitute fortified shield domestic our currency. "

Keywords explained that these facts is that the "foreign currency reserves is twice the size of the Iraqi dinar in the market, providing a cover to respond to any request," adding at the same time to "Access inflation to less than 2%." Keywords and added that the third truth is "progressive increase in oil production and prices, "pointing at the same time to" low consumer government spending dramatically. " and the Governor of the Central Bank that "the indicators and the facts confirm the defeat of terrorism in the near future," adding "almost daily coordination between monetary and fiscal policy for the first time." . Keywords and pointed out that the seventh fact is"the existence of direct support from the International Monetary Fund and the World Bank (http://www.ebay.com/sch/i.html?_nkw=world+bank) and theIslamic Development Bank (http://www.alibris.com/search/books/isbn/9780710303295) to overcome the oil price shock."

The prime minister Haider al-Abadi stressed, on Thursday (June 18, 2015), the need to maintain the dinar exchange rate against the dollar in local markets and to prosecute any disturbance factors combined with objective conditions. agreed the crisis cell, headed by the Prime Minister on the proposal of the Central Bank delete 8%, which represents income tax and customs added cash remittances. He said Governor of the Central Bank, on Thursday, that the decision to cancel the duties and taxes will reduce the price dollar exchange dramatically, confirming the approval of a cell of the crisis on the bank's proposal to delete the customduty (http://www.ebay.com/sch/i.html?_nkw=custom+duty) and tax on the purchase of the dollar.