A new high for the price of the dollar exchange!!!
A new high for the price of the dollar exchange
Babylonian News / Baghdad
pm 3:40 Monday, 2/7/2012
Saw the Iraqi market a substantial rise in the price of the dollar against the Iraqi dinar. According to traders in the Iraqi market, the Iraqi dinar exchange rate has plummeted against the U.S. dollar when the price of the Iraqi dinar against the dollar 126 000 dinars for the paper category percent dollars after it was not to exceed 123 000 dinars for the paper category percent dollars . He attributed these this fall at the Iraqi dinar to reduce the central bank to the size of what sells for a dollar for companies and traders in half, which impact negatively on the exchange rate are of the view, others that the cause of low exchange rate of the dinar because turnout of citizens for shopping on the occasion of the approaching holy month of Ramadan as the most families began to acquire its food items received for the month of Ramadan. said Abu Mohammed’s shop franchise, “The exchange rate of the dinar against the dollar has dropped gradually and reached yesterday for the highest percentage of it and amounted to 127 to 128 thousand dinars for the paper category percent dollars, but he returned gradually to be 126 000 or 125 thousand dinars after the range of 122 to 123 thousand dinars. He added that the reason is to reduce the central bank the size of dollar selling to companies and traders, which has affected negatively on the Iraqi dinar. are of the view Jassim Al-Amiri, owner of a clause that the markets these days are filled with citizens who Atdon for the month of Ramadan and Most materials are rising and this of course is parallel with the high demand for the dollar, which is normal to see a rise in front of the dinar. and that the citizen is harmed the largest in the rise of the dollar against the dinar because the majority of goods are rising higher than the high dollar, as the majority of traders will raise prices of goods more than commensurate with the price of the dollar for fear of it that the market is witnessing a rise could lead to a loss. while still belonging to Salem Nasser said the government bears the bulk because the politicians indifferent to the citizen and are looking for chairs, while the poor citizen does not find anything to fill the breath of his family. He said that the world Muslim on the verge of holy month of Ramadan instead of having the government help the citizens in this holy month, we see that there are higher priced materials that are supposed to buy the family. in turn, sees economic analyst who declined to be named, said he is not reasonable to keep the government and the central bank to pump the dollar in markets at subsidized prices in order to be maintained the exchange rate of the dinar. He added that what we see that any delay affects the dollar, the pump prices go up and down the value of Iraqi dinar called on the government to find the correct monetary policy keeps the exchange rate of the dinar.
Author: n. M.