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BatmaninIraq
01-25-2016, 09:47 PM
The Central Bank does not follow the contractionary policy and therefore raise the Iraqi currency

January 24, 2016
He stressed the parliamentary finance committee member Ahmed Sarhan Sarhan, the central bank does not follow the contractionary policy through his province on the price of the Iraqi dinar, among the government does not know why he did not follow the central bank's policy lead to a strengthening of the Iraqi dinar against the dollar. Sarhan said:

"There is not contractionary policy followed by the central bank in its dealings with the Iraqi currency," adding: "The central bank's policy is known to all attributing the cause to be an independent nothing to do with deflation and inflation.

" He added: "The government does not know why he did not follow the central bank's policy lead to a strengthening of the Iraqi dinar against the dollar in light of the severe economic crisis.

" He said the central bank "axis of the economy in Iraq, attributing the cause to its ability to grant power of the Iraqi dinar by displaying large amounts of the dollar, leading to a decline in the dollar price rises In contrast, the price of the Iraqi dinar." He pointed out that "the lack of width dollar leads to higher prices in the Iraqi market, leading to inpatient Iraqi dinar," calling on the central bank to follow to give the power of the Iraqi dinar policy which positively affect the current financial crisis.