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Stability of the dinar will provide an appropriate climate for investmen

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Stability of the dinar will provide an appropriate climate for investmen

Post  Shilo on Sun May 02, 2010 3:27 pm

***strange***May 2, 2010 · Posted in NEWS
Expert in the Central Bank of Iraq: the stability of the dinar will provide an appropriate climate for investment in the country

Said an economist at the CBI on behalf of Abdul-Hadi, the stability of the dinar will contribute to providing a suitable environment for investment and enables traders and investors take their decisions according to the realistic indicators for the Iraqi economy.

Abdul Hadi said the central bank can raise the Iraqi dinar exchange rate against the dollar, with its means of intervention in the financial market but only if it be a gradual process without spasm sour atmosphere of financial transactions.

Abdul Hadi, attributed the market is not affected by the Iraqi citizens and therefore excreted as the financial crisis and economic recession, which hit the world during the past period, attributed to the monopoly that some traders.

He explained that some economists have reservations about raising the value of the Iraqi dinar, convinced that the benefits of such a step would be the trader and not the consumer.

Said an economist at the CBI on behalf of Abdul-Hadi, the stability of the dinar will contribute to providing a suitable environment for investment and enables traders and investors take their decisions according to the realistic indicators for the Iraqi economy.

Abdul Hadi said the central bank can raise the Iraqi dinar exchange rate against the dollar, with its means of intervention in the financial market but only if it be a gradual process without spasm sour atmosphere of financial transactions.

Abdul Hadi, attributed the market is not affected by the Iraqi citizens and therefore excreted as the financial crisis and economic recession, which hit the world during the past period, attributed to the monopoly that some traders.

He explained that some economists have reservations about raising the value of the Iraqi dinar, convinced that the benefits of such a step would be the trader and not the consumer.

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