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BatmaninIraq
07-20-2015, 10:07 PM
Economist warns of the growing value of foreign currency at the expense of the Iraqi currency
Date: 07/18/2015 11:13

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Information / special / ..
warned economist Salem Ugaili, Saturday, of the growing value of foreign currencies in Iraq on a local currency account, pointing out that fiscal and monetary policy still chaotic.

said Ugaili told / information /, "The Iraqi market is now open to markets Global directly without restrictions and this will lead to the entry of foreign currencies in abundance for the country, which would make the Iraqi currency to reduce and worsening, "pointing out that" all Iraqi traders prefer the dollar or the euro and the pound sterling on the Iraqi currency. "

He added Ugaili, that " fiscal and monetary policy in the country is still chaotic and must be addressed before the exacerbation of foreign currencies, "noting that" third parties working to make the Iraqi currency in the low position against the rest of the other currencies for their own goals. "
He noted that "the political Central Bank is not clear on that side and attic to be ensure the protection of the status of the Iraqi currency vulnerable to the rest of the currencies in order to maintain its power mechanisms. "

It is noteworthy that the Iraqi currency to suffer from a significant deterioration in value against foreign currencies, particularly the US dollar.