Local banks responsibility for the fluctuation of the exchange rate of the Iraqi dinar
Association of private banks: local banks responsibility for the fluctuation of the exchange rate of the Iraqi dinar against the dollar
12-10-2013 10:31 AM
Baghdad (news) .. He attributed the Executive Director of the Association of private banks Abdul Aziz Hassoun, the reason for fluctuation of the exchange rate of the Iraqi dinar against the U.S. dollar to increase the demand for buying hard currency in the local market. said Hassoun (of the Agency news): The local banks to اتتحمل responsibility oscillation winning at the currency exchange, but Conversely it contributed to support the Iraqi dinar exchange rate through its commitment to the instructions and controls imposed by the central bank. pointed to: that the reason for the instability of the exchange rate due to the increased demand to buy the dollar in the domestic market, noting that the central bank sells daily limits (80) million dollars, but He does not accommodate the increasing demand daily. witnessing Iraqi dinar exchange rate fluctuation and clear against the U.S. dollar, prompting the central bank to expand its sales of hard currency in the auction to create a balance between supply and demand on the dollar, but is still demand for the dollar high in the local market. / End
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