Banker: the decline in speculative demand for dollars good for value of the Iraqi dinar

Banker: the decline in speculative demand for dollars Hassan value of the Iraqi dinar

11/17/2012 13:16:46

BAGHDAD (Iba) .. Refer adviser North Bank for Finance and Investment wholesome Elias Abou, devaluation exchange rate of the dollar against the Iraqi dinar to keep speculators from buying the dollar for fear of falling price against the dinar making supply more than demand and improve the value of the Iraqi dinar. said Abbou told the independent press (Iba): The decline request speculators on the dollar to make the value of the Iraqi dinar rise against the U.S. dollar, indicating: that the actions of the central bank to increase the dollar and give broad powers for banks to sell the dollar has made the value of the dinar is improving and the dollar is greater than the students. added: that the central bank Give banks validity sell 5000 thousand dollars for each citizen making the banking arena saturated dollar and the lack of dinar what increased demand for the dinar and undo request the dollar, which has depreciated against the Iraqi dinar. continued Abbou and expectations speculators landing dollar more to make them reluctant to keep it and make its value goes down in front of the dinar that contributes better currency country. adviser said North Bank: that the security measures and disturbances that have occurred to the staff of the Central Bank did not affect the exchange rate of the dinar and the Bank continued to exercise its weekly auction without any retreat. (end)