Economist: most of the central bank’s measures to reduce the price of the dollar failed and illogical

Economist: most of the central bank’s measures to reduce the price of the dollar failed and illogical

Date: 28/08/2012 13:34:40 Tuesday

Baghdad (news) .. Advised economic expert Ghazi Kanani, the central bank to take steps scientific thought to reduce exchange rate of the dollar against the Iraqi dinar, pointing out that most of the previous plans to do that did not last effect long and illogical.
Kinani said (of the Agency news) on Tuesday: Most measures the Central Bank to reduce the price of the dollar did not succeed, it must be the transfer of an auction sale of currency from the central bank to banks to increase supply and reduce demand for the dollar and give banks a share of the dollar as its capital. added: must give a large share of the banks for the purpose of foreign remittances which holds sold, as it should increase the size of “quota” for banks, currency and foreign remittances. confirmed: that the Central Bank reserves increased from (67) billion dollars, huge funds to enable them to distribute quotas on banks to sell currency rather than just the central bank only in foreign remittances and currency auction. continued : must reconsider share instruments companies, increase and selling gold coins weights and the reluctance of the various citizens that can be saved for a long time and benefit from, rather than keeping the dollar as a result because the price of gold is on the rise can be benefited as a safe haven. said: that increasing the supply of the dollar in the companies and markets The banks reduces demand and thus lowers its price before the dinar and whenever inject a larger amount when demand is low. / end / 21. d. Q /
Source: ikhnews