Deputy Central Bank Governor: can not reduce the exchange rate of the dollar against the dinar lost two points in the increase of import of goods random
14.3.2012| (Voice of Iraq) Baghdad (news)ruled out the deputy governor of the Central Bank of the appearance of Mohammed Saleh low exchange rate of U.S. dollar against the Iraqi dinar at least two points in the coming days due to increased random uncontrolled import of goods.Saleh said (of the Agency news) on Wednesday: The central bank sales during the current year has increased by $ (100) million, relative to last year, the sales (150) million dollars a day despite the fact that the market was stable, indicating that central bank sales in the auction are now (250) million, equivalent to (73) trillion Iraqi dinars per day and still the exchange rate of U.S. dollar, up from the Iraqi dinar price by a colon.He added that the policy of the central bank this year tended to increase in dollar sales at auction the central bank to (250) million dollars in order to maintain the stability of the Iraqi dinar exchange rate against the U.S. dollar, pointing out that the dollar exchange rate recorded two points in front of the Iraqi dinar, but this can not be the Central Bank that the increase of sales during the coming period to restore the price of the Iraqi dinar against the dollar.Salih noted: that the increased import of indiscriminate and uncontrolled goods, mostly poor origin, played a major role in the high exchange rate of U.S. dollar during the current year compared to previous years due to lack of a law regulating the import and trade in Iraq, calling for “close the doors of the state Open to import the outside, “respect for the trading system in the country, to save the local currency of the deterioration in front of foreign currencies.The sale price of the U.S. dollar in the domestic market during the current period (1240) Iraqi dinars, while the purchase price (1230) Iraqi dinars per dollar, an American and one.
sotaliraq.com
