Economist: central bank policy behind the rise in the dollar exchange rate
Economist: central bank policy behind the rise in the dollar exchange rate
25-12-2014 12:24 PM
Download economic analyst, Maytham and coffee, the Iraqi Central Bank policies responsibility rise in the dollar exchange rate against the dinar, pointing out that these policies have hurt a lot of foreign and local currency.
He and coffee in a press statement, An’saash CBI hurt much the depletion of foreign currencies, especially on non-essential consumer goods, to be accompanied by the start Kmarkip policy, would push for raising the prices of those goods by raising customs tariffs’.
He stressed that ‘the central bank is still practiced the old policy, noting that the rise in the dollar is nothing but an emergency reaction, as a result of some speculation in the past few days, as well as the vulnerability prices low oil, and the end of the week, which is usually seen such a temporary and emergency rise’ .
And saw the US dollar rise against the Iraqi dinar reached 123 000 dinars, compared to US $ 100 since last week.
ikhnews.com
