Economist: high exchange rate of the dollar against the dinar is a natural phenomenon does not raise concerns
Economist: high exchange rate of the dollar against the dinar is a natural phenomenon does not raise concerns
On: Wednesday 02/15/2012 13:57
Baghdad (news) .. According to the economist, Ismail Abdul Hussein that the high exchange rate of U.S. dollar against the dinar during the current period is a natural phenomenon due to the great demand for hard currency.
said Abdul-Hussein (of the Agency news) said on Wednesday: The central bank in control of the mass of the cash raised in the local markets and fears to increase the U.S. dollar against the dinar because the main control by the central bank.
He pointed out: that the central bank policy now tended to increase the exchange rate of U.S. dollar against the dinar by reducing the dollar selling at auction the central bank to the presence of significant demand for the dollar and withdrawn from local markets , considering the action taken as good and necessary for the time being to keep the hard currency of the force.
He added, if left dinar without control and follow-up in the local markets for the price of the U.S. dollar one in front of the dinar (1500) JD, explaining that the Central Bank is working to support the dinar against other currencies difficult through its monetary policy.
It is noteworthy that the exchange rate of U.S. dollar rose significantly against the dinar during the current period where the U.S. dollar reached one B (1230) JD, after the latter was conservative on the price against the dollar by (1200) dinars to the dollar. / End