Banker Expert: market demand for the dollar more than the central bank currently behind its high price
Banker Expert: market demand for the dollar more than the central bank currently behind its high price
06/17/2015 11:39 GMT
Special – and babysit – Display banking expert who preferred not to be named, told the news agency public opinion (and babysit), on Wednesday, the reasons for the rise of the US dollar against the Iraqi dinar ..
1. Conduct determine the central bank sales of the dollar in its daily auction of cash and money orders for banks came because of financial distress, home to Iraq and the drop in oil price and keep the bank’s reserves of foreign currency which is linked revenues of Iraq in the fall and rise and be maintained by reducing its demand for the dollar and cover Menna basic needs.
2. A breakdown of commercial goods on the market is not worth the import where there are stocks of durable household goods and cars as materials sufficient Iraq for several years, but the import is still going on and this is exhausting the state budget.
3. that the central bank was selling the dollar for those who want and without controls, which kept the dollar in the past period the price but what happened is that the new regulations pushed buyers of dollars to buy the dollar of ordinary people and speculators which led to the rise of the dollar exchange rate against the dinar.
4. The new controls have led to the orientation of the people and the owners of capital to buy the dollar from speculators and ordinary people without controls because the government controls imposed on buyers to provide security guarantees as requested by the tax or passport which led to the rise of the dollar exchange rate.
5. deprive the bank 14 and more than 150 financial exchange company and the conversion from entering the sale of foreign currency the central bank window.
6. the sale by the Central Bank at a price of 1190 for banks and the sale of the banks at a price ranging from 1193 to 1197 for the exchange companies and financial conversion price of less than 1,200 and the sale of corporate banking and financial transformation of people, imaginary and non-real at a higher price difference (222 yarns) and be heh companies responsible for Dollar higher prices. There is no appropriate solution for maintaining the dollar Sarabie
alrayy.com
