Salem al-Bayati, reveals four solutions to raise the exchange rate of the Iraqi dinar against the dollar
Salem al-Bayati, reveals four solutions to raise the exchange rate of the Iraqi dinar against the dollar
13-05-2012 | (Voice of Iraq) – Baghdad (news)
Revealed an economist Salim al-Bayati, on the government’s intention to take new measures will take place during the next two months to raise the Iraqi dinar exchange rate against the dollar, indicating that the absence of oil policy was the most important factors of the high price of the U.S. dollar.
Bayati said (of the Agency news) said on Sunday: The government will take four steps to raise the Iraqi dinar exchange rate against the dollar, where the central bank will open a large auctions, in addition to control of the companies and retail banking in multiple ways undisclosed Bayati.
He added, will also be setting conditions for the import process that contribute to raising the dinar exchange rate, will also review the state policy and the oil revenues.
He pointed out: that the absence of political oil was one of the most important factor in the low exchange rate of the dinar against the dollar.
This saw the exchange rate stability during the past few days in front of the U.S. dollar by about (1227), after he arrived (1300).
The Economist: The government’s reliance on oil revenues and what the Central Bank of revenue in the creation of balance and stability of the exchange rate at a particular number is one of the reasons for the increasing demand for the dollar, as well as Ziad demand for imports that contribute to increasing the demand for the dollar, as well as to the smuggling of currency.
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