Control of the sales process will support the stability of the Iraqi dinar exchange rate
Economic center: sell the dollar in accordance with market needs control of the sales process will support the stability of the Iraqi dinar exchange rate
23-07-2013 12:51 PM
Baghdad (news) .. Prime Media Center Economic Dergham Mohammed Ali, that the continued sale of the U.S. dollar from the central bank auction by market need him with tighter controls on the sale process will enhance the stability of the exchange rate of the Iraqi dinar against the dollar. said Mohammed Ali (of the Agency news): The dollar exchange rate is determined by supply and demand, which can supply the greater and at a specified price reduces the control of specific groups at the exchange rate and the monopoly of sales operations in certain ports, which promotes the reduction of the exchange rate of the dollar. added: that whenever been edited drafts and open to the private sector through private banks and the exchange rate adopted by the central bank will reduce the value of the dollar, indicating that the continuation of sales generally under need a real market would exuberance required that supports the stability of the dinar exchange rate. called Muhammad Ali: the monetary authority to control reality closely to protect these ports from the monopoly or infringement of beneficiaries to raise the exchange rate to maintain the flow of foreign currency to the market smoothly. / End / 8.’s. m /
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