Economic Analyst: the dollar against the Iraqi dinar is not the real price
Economic Analyst: the dollar against the Iraqi dinar is not the real price
2016/1/19 23:55
[Baghdad – where]
said economic analyst David Zayer said the US dollar against the Iraqi dinar in the country, not the real price.
Said Zayer told all of Iraq [where], that “the dollar exchange rate since 10 years is supported by the central bank, a dollar pumped into the market determines the price, this is not the real price, and is supposed to be now costs 1500 dinars to the dollar.”
He said Zayer that “the decline of the dinar against the dollar is the beginning of its collapse under the difficult financial situation of the country, because there was enough money to support the dinar and now that the lack of funds began the real exchange rate shows.”
He noted that “should the government raise support for the dinar, and that depends on the real price in the market, in order to avoid depletion of the currency commodity uneconomical and shows the reality of the dinar real strength.
“The economist Ahmad Kanani, attributed the rise in the dollar’s exchange rate against the Iraqi dinar, to non-possession of the Central Bank of Iraq sufficient liquidity to cover the market needs Local him [the dollar].
saw the domestic market during the past ten days at prices fluctuation of the dollar against the dinar, where he arrived the exchange rate in the past few days in 1227 dinars to the dollar [127 000 dinars per hundred dollars] .anthy
alliraqnews.com
