Delay in approving the budget and behind the rise of the dinar and the dollar will rise .. soon
Delay in approving the budget and behind the rise of the dinar and the dollar will rise .. soon
9/6 2014 8:39
Treasures Media / Baghdad – an economist ruled out the existence of a relationship between the Iraqi government’s actions and the high exchange rate of the Iraqi dinar against the U.S. dollar, and expected recovery in the dollar to its previous status within days.
The economist said the appearance of Mohammed Saleh said in a statement that “the Iraqi Central Bank is responsible for the policies of the stability of the exchange rate of the Iraqi dinar against foreign currencies, the only one who has the authority and the mechanisms for the stability of the exchange rate of the dinar in Iraq.
He noted that the decline in the dollar exchange rate is normal because of the policy currently in auction Central Bank of Iraq and the mechanics of the entry money transfer companies to auction the central bank without the mediation of banks, where the drop in the price of buying and selling the U.S. dollar and foreign currencies is a positive thing for the policy of national exchange, trade and good phenomenon the fact that the policy of auction sales CBI is still going on despite the fact that government spending is restricted during the current period due to the failure to approve the budget, especially since the central bank sales and big spending approach to liquidity being loud.
The benefit of “no income for the current security conditions in Iraq, down the exchange rate of the dollar during the current two days the fact that terrorism and the security situation been going on for years and became a Muslim from the money market in Iraq.”
The economic expert, there is no stated policy on the relationship of the government and the central bank to increase the exchange rate of the Iraqi dinar, as the central bank attribution to enter the money transfer companies to its daily auction without the mediation of banks, adding that the financial market has sufficient amounts of foreign currency and does not affect the exchange rate depreciates for the market and the rate of movement of the sale and purchase of foreign currency in Iraq.
knoozmedia.com
