Economics committee reveal its intention to host the CBI governor to discuss the rise in the dinar exchange rate

Posted: July 15, 2012 in Iraqi Dinar/Politics
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Sunday, July 15, 2012 09:25

Revealed to the economy and investing in the House of Representatives for its intention to host the central bank governor to discuss the reasons for the repeated rises in the exchange rate of the dinar against the U.S. dollar.

The member of the Committee Deputy Mahma Khalil told PUKmedia on Sunday, that the Committee plans to host the Central Bank Governor Sinan Shabibi to discuss the high exchange rate of the dinar against the dollar, especially since the bank announced fixed exchange rate at 1189 dinars to the dollar, he said, adding that the current price touches 1250 dinars to the dollar.

And the MP Khalil that the stable exchange rate contributes to the dollar limit on the rise in food prices, especially in the month of Ramadan, which is witnessing a rise of prices, pointing out that he must limit this rise in the dinar exchange rate and prices in the market.

This was the central bank has said fixing the exchange rate of the dinar against the dollar at 1189 dinars to the dollar after the addition of 13 dinars, the bank commission and profit banking companies ten dinars to the dollar.

Saw Sarsrv dinar against the dollar, an unprecedented rise as the exchange rate to approximately 1350 dinars to the dollar, falling gradually to be stabilized at 1210 dinars to the dollar, and then began to fluctuate in price and instability where touching the 1250 dinars to the dollar in some cases. Some economists attributed the causes of this rise to factors internal and regional policies relating to the Central Bank and the sanctions imposed on Iran and Syria.

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