07/13/2010Economist: Government failed to enhance the value of the Iraqi dinar
Baghdad, Iraqi economic expert said on Tuesday that the Iraqi government ended its mandate failed to bring the level of a currency exchange foreign currency in spite of the rise in oil prices in the global market.
Taher al-Yassin, told Kurdistan News - The "currency of Finance of Iraq is still suffering from the crisis of the great difference between them and the hard currency, due to lack of financial planning for government economic institutions in the country."
He said that "government institutions should deal seriously in activating the general frameworks that would develop the role of the Iraqi currency, especially in light of market opening up of Iraq at all regional markets."
He added that "the main problem in the survival of the Iraqi currency untouched despite high oil Primacies, due to the lack of awareness of the country's economic, as well as arbitrary decisions taken by the Iraqi government earlier."
According to Yassin, "it is not easy to forecast economic prosperity of Iraq and the rise of the Iraqi dinar in parallel with the hard currency in light of the pending financial problems."
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