Senior Economist calls for new political dinar exchange

Urged the professor of economic theory at the University of Baghdad, a rich Khazraji the central bank to develop a new policy to determine the exchange rate of the dinar against the dollar in the long run.

The Khazraji in an interview with on the sidelines of an economic forum organized by the Iraqi Institute for economic reform, that the state is losing thousands of dollars by the policy of the daily dollar auctions.

However, the economic expert confirmed that the losses generated purchasing power has doubled the volume of expenditure on these auctions.

For his part, defended a member of the Iraqi Institute for Economic Reform on the contrary jeweler lending policy adopted by the central bank, stressing that the high interest of the Bank's loans contributed to the absorption rates of inflation seen in Iraq, especially in 2007.

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