Central: we aim to reach a fixed price for the dollar

Central: we aim to reach a fixed price for the dollar

11-04-2017 10:20 AM

Central - we aim to reach a fixed price for the dollarThe Central Bank of Iraq on Tuesday that it aims to reach a steady and stable dollar prices, while noting that the boiling political and security risks leading to higher demand for the dollar, the currency confirmed that the sale is no alternative at the present time window.

The general director of financial operations at the bank , Mahmoud Mohammed, said that the ‘dollar selling window has two sides first technician is Sterilize monetary mass where the swap dollar amounts massive dinars resulting from the spending budget and debt “, pointing out that” not to withdraw this amount from the markets causing a rise an enormous price for this window is critical in light of the low sterilization financial level of the overall economy. ”

He added that the ‘non-existence leads to a significant deterioration of the economy for my country from the technical side we did not find who gives the alternative viable for selling the dollar window’

between Muhammad that ‘ the other side is difference price and this is being focused on, “noting that” the recent measures that began since the month of February this year could facilitate results and reduced exchange rates at the borders of the central targets commensurate access to a stable and fixed prices’.

He pointed out that ‘political and security risks in Iraq , causing instability , which leads to higher demand for the dollar and convert real existing to the dollar , “asserting that” the central bank continues to develop the electronic ones his tools in order to keep its goals as well as maintaining Mtsuiat price acceptable’.

The Mohammed, the ‘window under the current circumstances , there is no alternative’, noting that ‘ the problem that we suffer not exclusively borne by the window , but its border ports responsibilities in this important aspect. ”

He explained that the ‘tuning ports and match the amounts and the type of material with what goes to Iraq , leading to the end of the problems when you give ports declaratory entry in agreement with what the trader provided here can eliminate the problems.’