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Sunday, February 10, 2013

Economic Committee Member says PM’s Cabinet policy to raise IQD to 1,000 bad timing, 10 feb


Economic Committee Member says PM’s Cabinet policy to raise IQD to 1,000 bad timing

Date: Sunday 02/10/2013 05:57 pm
Member of the Committee on economy of the excluded access equal a dollar Iraqi dinar during the next period
Date: 13/02/10 12: 25: 55 Sunday
Baghdad (newsletter). Excluded Member of the Committee on economy and investment Deputy of Iraqi/coalition/nahida Al-daini, the exchange rate of the US dollar per thousand Iraqi dinars during the same period coming in under the current economic policy.
She said Al-daini (News Agency): the Cabinet Council expectations of US dollar equals 1,000 Iraqi dinar is not misplaced, given the absence of stable economic development, and financial and economic policies in the country.
Followed: in addition to the adoption of the national economy on a single income and rentier oil productive economic sectors which in turn introduces to the market and keep hard currency at home and not cashed abroad, as well as the presence of overlapping powers, these are all factors that help to reduce the value of the US dollar.
She added: we must develop a plan strategy for the promotion of various economic sectors and identify clear fiscal and monetary policy in the country in order to maintain the stability of the Iraqi dinar increase in value against hard currencies.
He was the Secretary-General of the Council of Ministers Presidency announced the Government’s relationship to one US dollar equal to 1,000 Iraqi dinar
Alternate translation:
The economic and investment commission ruled arrival of the US dollar exchange rate equal thousand Iraqi dinars during the coming period
Excluded member of the Committee on the economy and investment MP Nahida Daini “up the exchange rate of one U.S. dollar equals thousand Iraqi dinars during the coming period in the light of the current economic policy.
Daini said: The expectations of the prime minister for equal to the U.S. dollar thousand Iraqi dinars not Bmahlha, due to the lack of a stable economic situation, and the lack of clarity fiscal and economic policies in the country.
It continued: In addition to the adoption of the national economy on revenue omnidirectional yield is oil and the absence of economic sectors productivity which in turn raises products to the market and maintain hard currency at home and not disbursed out of the country, as well as the existence of interference in the powers These are all factors that is helping to reduce the value of the U.S. dollar.
She added: You must develop a strategic plan for the advancement of the different economic sectors and identify fiscal and monetary policy and clear in the country in order to maintain the stability of the Iraqi dinar and increase its value against hard Currencies.
The Secretary General of the Council of the prime minister on the Keywords announced the government’s efforts to make one U.S. dollar is equal to a thousand Iraqi dinars.

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