Economist warns of reducing selling the dollar at CBI, its impact on the exchange rate of the Iraqi dinar
Economist warns of reducing selling the dollar at the central bank auction for its impact on the exchange rate of the Iraqi dinar
Date: 20/02/2013 12:48:27 Wednesday
Baghdad (news) .. Economic expert warned Jalil al-Rubaie, reduce the size of the hard currency sales at a central bank auction because it will affect the exchange rate of the Iraqi dinar against the dollar, calling for a balance between the buying and selling of currencies in the market.
Rubaie said (of the Agency news): No central bank can reduce the sales of hard currency in the public auction, because it will lead to increased demand for the dollar in the market, what makes the Iraqi dinar exchange rate drop dramatically.
He added: the central bank should take policy balance, buying and selling of foreign currency in the market to maintain a stable exchange rate of the dinar against the dollar.
He explained: that monetary policy pursued by the Central Bank of the current is good because it maintained the stability of the value of the dinar, saying it aims to increase its exchange rate against international currencies in the coming periods. / End / 8. N. P /