Demand for IQD is up by 80% compared to normal

Led demand for forty visit, to increase demand for the Iraqi dinar in the domestic market by 80% compared to normal days, at a time of exchange houses and currency converter significant recovery, started a month ago.

The shop owners in exchange statement »home», that most of the customers he goes to get a specific amount in Iraqi dinars, and then turn it in Iraq to U.S. dollars to take advantage of the price differential.

The expected rise in demand for currencies GCC during the National Day holiday, which extends to 4 days, but Benoit at the same time that demand for the Saudi riyal also rise as a result of the orientation of some of the holiday in Saudi Arabia.

The Director General stressed Exchange Zamil Jafar Hawaj high demand on the Iraqi dinar by up to 80% compared to normal days, attributing this to the forty-season in Karbala.

And between Hawaj exchange companies in the Kingdom is witnessing a strong demand for the Iraqi dinar in the current period as a result of the public went to visit forty-expected rise in demand more in the coming period. The general director of Exchange Zamil: «demand rises on the Iraqi currency as customers frequented religious visits during this period .. Demand for the Iraqi dinar by 80%.

For his part, Director of Public Relations at Exchange ‘directory’, Sheikh Abdullah Al-Khalifa said that «a significantly high demand on the U.S. dollar, and demand will continue throughout the period of National Day holiday.

Sheikh Abdullah stressed the high volume of remittances Iraqi dinar and the U.S. dollar by 50% compared to normal days, return it to go to visit Karbala and Najaf and travel to some other countries. And Sheikh Abdullah, that most travelers are turning to get a specific amount in Iraqi dinars, and the rest in U.S. dollars where they get a better price in Iraq against the U.S. dollar.

And the expectation of rising demand for Gulf and Iraqi currency and the U.S. dollar at the rate of 50% with the start of the National Day holiday, which extends until next Monday, noting that demand for the U.S. dollar usually rises during the holidays.

The Central Bank of Iraq, decided yesterday the inclusion of a number of private banks Bmzadeh public sale of foreign currency and increase the financial stake of the auction granted to the exchange companies and authorize the Governor of the Bank to reduce the price of the dollar against the Iraqi dinar. A statement from the Bank received the independent press agency «Iba», that in the framework of the keenness and the pursuit of the Iraqi Central Bank in the development of tools in the monetary policy and support the national economy stable market took the bank’s board of many decisions, including, encourage banks Baghdad, credit, and Mansour first stage.