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Weak purchasing power of the Iraqi dinar affect the reserves of the Central Bank

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Weak purchasing power of the Iraqi dinar affect the reserves of the Central Bank

Unread postby admin » Wed Aug 28, 2013 8:32 am

Deputy: the weak purchasing power of the Iraqi dinar affect the reserves of the Central Bank of the coin

28-08-2013 05:29 AM

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Baghdad (news) ... A member of the Economic Committee MP / Kurdistan Alliance / Mahma Khalil, in the event that the weakened purchasing power of the Iraqi dinar will be affected reserves the central bank of the currency. Khelil said (of the Agency news): The fluctuating exchange rate of the Iraqi dinar against other currencies will affect the Iraqi economy as well to be affected by balance sovereign of reserves the central bank. said: that when the lower purchasing power of the Iraqi dinar willbe affected by the economy because all goods entering are in hard currency, and this would be the citizen is affected most. said: the importance of maintaining the exchange rate of the dinar and the purchasing power because it has the advantage of dating for the Iraqi people and the fact that Iraq contains more than four million employee salaries dinars. saw the exchange rate of the Iraqi dinar declined severely over the past few months, generating a great upheaval in the domestic market. / End

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