Finance committee member calls to maintain the value of the
Posted: Mon Jan 09, 2012 10:00 amFinance committee member calls to maintain the value of the dinar and not hurt the economy before the approval of the budget
The member of the Finance Committee MP Haitham Jubouri the central bank to increase the financial liquidity to maintain the value of the Iraqi dinar against the dollar.
He said in a press statement that “the Iraqi currency has led recent fluctuation represents a significant decline in the price of the Iraqi dinar against the dollar and this portends economic disaster caused damage to all citizens.”
He Jubouri: “The central bank should take its role in this matter, as the issue price of the dinar based on supply and demand and thus should increase liquidity in order to preserve the value of Iraqi dinar and the dollar equivalence.”
He explained: “It is necessary not to cause any damage in Iraqi dinars and the national economy as a whole, before the approval of the budget in 2012, in order that determined the budget the right way” .. He pointed out that the currency fluctuation prices bear the central bank and traders. “
The House of Representatives ended yesterday in its second reading of the budget in 2012, sent by the Council of Ministers for discussion and approval. He was scheduled to reach the budget / 120 / billion dollars, but the objections by the International Monetary Fund, led to reduced to / 100 / billion dollars.
http://bit.ly/xieCk9
The member of the Finance Committee MP Haitham Jubouri the central bank to increase the financial liquidity to maintain the value of the Iraqi dinar against the dollar.
He said in a press statement that “the Iraqi currency has led recent fluctuation represents a significant decline in the price of the Iraqi dinar against the dollar and this portends economic disaster caused damage to all citizens.”
He Jubouri: “The central bank should take its role in this matter, as the issue price of the dinar based on supply and demand and thus should increase liquidity in order to preserve the value of Iraqi dinar and the dollar equivalence.”
He explained: “It is necessary not to cause any damage in Iraqi dinars and the national economy as a whole, before the approval of the budget in 2012, in order that determined the budget the right way” .. He pointed out that the currency fluctuation prices bear the central bank and traders. “
The House of Representatives ended yesterday in its second reading of the budget in 2012, sent by the Council of Ministers for discussion and approval. He was scheduled to reach the budget / 120 / billion dollars, but the objections by the International Monetary Fund, led to reduced to / 100 / billion dollars.
http://bit.ly/xieCk9