Sale of gold coins by the Central Bank will raise the value of the Iraqi dinar against the U.S. dollar

Senior Economist: sale of gold coins by the Central Bank will raise the value of the Iraqi dinar against the U.S. dollar

Date: 04/09/2012 09:55:14 Tuesday

Baghdad (news) .. Confirmed an economic expert Akram Abdel Aziz, that the central bank the idea of selling gold coins in the banks on the citizens will contribute to raise the value of the Iraqi dinar against the U.S. dollar.
said Abdul Aziz (the Agency news) on Tuesday: The sale of gold coins through the Central Bank and Iraqi banks will contribute raise the value of the Iraqi dinar against the U.S. dollar by pulling dinar from citizens who agree to buy gold and lack Showing dinar in the Iraqi market that contributes to increasing the demand on the dinar and tight supply. added: Iraq, according to statistics the central bank has ratio limits (30) trillion Iraqi dinars block cash surplus led to oversupply and lack of demand and the depreciation of the Iraqi dinar against the U.S. dollar, indicating that the index liquidity money supply in Iraqi banks exceeded (51%) did not find their way to employ paid pressing toward raising the prices of goods and create inflation in the market economic Iraqi. explained: The sale of gold coins will help to absorb inflation and the devaluation of the U.S. dollar exchange rate against the Iraqi dinar and reduces pressure on the price of goods in the Iraqi market. Finished / 21. b. PVC /
Source: ikhnews