Increased central bank sales of the dollar does not contribute to the stability of the Iraqi dinar exchange rate
Economist: increased central bank sales of the dollar does not contribute to the stability of the Iraqi dinar exchange rate
08-04-2013 12:49 PM
Baghdad (news) .. Ruled out economic expert peace Quraishi, stability Iraqi dinar exchange rate against the U.S. dollar at increasing the supply of hard currency in the market, stressing that it will affect the size of monetary reserves located in the Central Bank.
Quraishi said (of the Agency news): The current monetary policy pursued by the Bank Central is not based on scientific grounds is true and accurate, which led to the low exchange rate of the Iraqi dinar in the past period. added: that the central bank is working to increase dollar supply in the market under the pretext of supporting the dinar exchange rate without knowing the actual need him, what makes an imbalance in principle balance for volumetric supply and demand of foreign currency, and thus instability of the Iraqi currency. warned economist: increased dollar sales in the market because it will affect the size of monetary reserves, which comes through oil exports, calling for the need to take the principle of balance in supply and demand for dollars in the market, to maintain the stability of the exchange rate of the dinar against the dollar. / end / 8.. /