Banker: return of speculators to raise market currency of the value of the dollar against the Iraqi dinar
BAGHDAD (Iba) .. Refer adviser to the North Bank for Finance and Investment wholesome Elias Abou, re-appreciation of the exchange rate of the dinar against the dollar after what has achieved a significant reduction to the growing demand of speculators on the dollar again.
Abbou said in a statement to Agence independent press (Iba) … Wednesday, “The mechanical supply and demand play a big role in the control value of the exchange rate of the currency,” he said, adding “that increasingly demand speculators to buy the dollar to make the Iraqi dinar fall by a narrow margin.”
“The increase in transfers import issues by speculators increased demand for the dollar and the lack of display made of its value rises in front of the dinar.”
He explained Abbou “The increase in the value of the U.S. dollar exchange rate will attract people to buy the dollar and keep it to make a profit Matdf movement of prices moving upwards and negative indicators reflect the value of the Iraqi dinar exchange rate.”
This increased central bank sales in the session on Monday which saw a large turnout on the dollar and raise its value against the Iraqi dinar.
The central bank held the Iraqi weekly auction of five meetings from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar.