Washington refuses to reset Iraqi dinars – US companies are losing for that, says Iraqi diplomat

10/03/2014

Revealed an Iraqi diplomat in Washington that the U.S. administration strongly rejects Iraq’s decision to reset currency, or stop the daily auction of foreign currency, which is organized by the CBI.
The Iraqi diplomat said that “the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared to the price of currencies in the region, especially the poor ones, which are suffering from economic problems large like Egypt.” And showed that “the Iraqi currency, had been adding zeroes at the time of the former regime, and now is no longer an existential value, but the Americans are blocking efforts to zeroing damaged their economy and their companies from that. “
The specialists in economic affairs confirmed that the government’s approval of a bill to reset the currency will reduce the size of the money supply and restore confidence globally, to the presence of oil as an asset added to the balance of gold in the international banks.
The finance committee representative has stated to reset the local currency will contribute to the restoration of the Iraqi dinar to its strength, including approximately Previous worth purchasing and which was more than three times the U.S. dollar, and declined by the imposition of Chapter VII sanctions.

Last Update:: 10/03/2014

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