Mohammed Saleh: central bank intervention in the market cause a decrease rate of the dinar
The appearance of Mohammed Saleh: central bank intervention in the market cause a decrease rate of the dinar
Wednesday 08 April 2015 | 14:08
Qurtas News / Baghdad
Economic Adviser to the Prime Minister, the appearance of Mohammed Saleh, on Wednesday stressed that the central bank should work to stabilize the price of the dinar in the market, especially after dropping significantly.
Saleh said in a statement to “Qurtas News” that “can not be in accordance with the budget law binding the sale of $ 75 million a day, re-dinar to its former glory, but can work on the stability sell a fixed amount,” adding that “the central bank intervention in the market have an impact on the low price of the dinar, too. ”
Saleh pointed out that “the decline in the price of the dinar a foregone conclusion, and it was expected to happen since the previous especially after the imposition sell a specified amount of the dollar in the federal budget law,” adding that “demand for the dollar is too big and required by law to sell $ 75 million per day only.”
“The central bank filed a complaint with the Federal Court to lift the paragraph that require him to sell a specific amount of the dollar in accordance with the budget law for 2015,” adding that “the Bank during his complaint asserted that the bank decisions should not be determined by political in nature.”