Finance the central pumping demanding larger amounts of dollars to keep the value of the dinar
A member of the parliamentary finance the central pumping demanding larger amounts of dollars to keep the value of the dinar
Date: 01/24/2016 18:06
Information / special / ..
Student House of Representatives Finance Committee member Ahmed Sarhan, Sunday, the central bank to increase sales of the dollar Bmzadeh daily to control the exchange rate of the Iraqi dinar off.
Sarhan said in a statement to Agence / information /, that “the rise and fall of the dollar exchange rate against the Iraqi dinar linked to the size of the quantity traded in the market of hard currency posed by the central bank through its daily auction for the sale of foreign currency.”
“The sale of currency markets seen in recent remarkable increase the price of the dollar should be on the central bank to launch sales of the dollar increases to control the exchange rate, which reflected negatively on goods and commodities in the event of height.”
And it saw the local markets during the past ten days the dollar exchange rates fluctuated in front of the dinar, where he arrived the exchange rate in the past few days to 1227 dinars to the dollar equivalent of (127 000 dinars per hundred dollars)
This is because some experts higher dollar exchange rate, to non-possession of the Iraqi Central Bank sufficient liquidity to cover the local market need him Atar.anthy 25 K.