Rule out reducing the value of the Iraqi dinar in light of the growing demand for dollar

Attorney Yasiri rule out reducing the value of the Iraqi dinar in light of the growing demand for dollar from the central bank auction

Date: 02/12/2012 10:50:11 Sunday

Baghdad (news) .. Ruled out by the Finance Committee MP / National Alliance / Hussain Yasiri, low value of Iraqi dinar in the presence of the growing demand for dollar buying from auction of the Central Bank, because it responds to the request through the sale of large amounts of hard currency.
Yasiri said (of the Agency news) Sunday: The objective of the work auction for the sale of hard currency at the central bank to achieve the principle of balance between the dollar and the demand to buy, when increased demand are displayed an equal amount of the request in order to preserve the value of the Iraqi dinar against the dollar. added: Growing demand to buy the dollar, which witnessed Central Bank auction during the current period, does not affect the Iraqi dinar exchange rate. confirmed: that the House committed the central bank to maintain the value of the dinar and the cash reserve of the dollar, after the disclosure of breaches in recent work auction public for the sale of hard currency. This testifies central bank auction a growing demand to buy the dollar, after the recent reforms done to manage the central bank recently. / end / 8. n. p /

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