Deputy Central Bank Governor: We look forward to an Arab optimal monetary zone
Posted: April 8, 2012 in Iraqi Dinar/Politics
Tags: Arab, Arab people, Baghdad, Central bank, Deputy Governor, Iraq, middle east, Saleh
08/04/2012 12:52

Deputy Central Bank Governor Dr appearance of Mohammed Salih, Iraq’s desire to establish an Arab area Palmthely cash and described in the Middle East.

Saleh said in an interview televised Thursday, we look forward to an optimal monetary zone, indicating that there is a project to issue a unified Arab currency.

He said when we move from the stage of the United Arab trade, then trade liberalization and removal of customs and then the Arab Common Market, which moved the capital and labor are freely issuing unified Arab currency.

Saleh pointed out that “the Arab countries as well as geographically integrated economic integration, which gives it the power of attraction, but the barriers, wars and conflicts referred without it.”

He stressed that Iraq is a balanced middle ground, it is balanced in its economy, it is not a surplus economy or deficit economy, so it is possible that the axis of the Arab economic stability in addition to its strategic location.

The Deputy Governor of the Central Bank meeting that the Union of Arab Banks held in Baghdad in September next, considering this is an open meeting of Arab financial sector in Iraq.

For his part, Head of the Media Committee of the Summit of Baghdad, Baghdad, that the Declaration included in the axis of economic stress on the development of trade between Arab countries and work towards a common Arab currency.

Ali al-Dabbagh said, “The second axis for the economic side will focus on activating the joint Arab action on various levels and call for the development of bilateral trade between Arab countries and work to find a market and the currency of a common Arab,” noting that “Iraq believes that the stability of the relations of political come from the development of economic relations “.