Economist: increase sales outlets hard currency at the banks will support the exchange rate of the Iraqi dinar

Economist: increase sales outlets hard currency at the banks will support the exchange rate of the Iraqi dinar against the dollar

01-04-2013 11:29 AM

Baghdad (news) .. According to economist Ismail Radi, that increase ports open for the sale of hard currency by the banks will decrease U.S. dollar against the Iraqi dinar, because it will meet the market needs of the dollar. Radi said (of the Agency news): The reason for increasing exchange rate U.S. dollar against Iraqi dinar during the current period in the domestic market, due to the measures the central bank Tough to sell hard currency and to the lack of dollar in the market. added: be directed Rasheed Bank government to open ten outlets in hard currency at subsidized prices from the central bank will contribute significantly to enhancing the value of currency National, calling to encourage private banks to open more than one port for the sale of hard currency with control transfers external financial. was announced in the Rasheed Bank Kazem Mohammed fistula, for processing citizens dollar over ten branches of the bank in Baghdad from this week. were Iraqi market may witnessed a major upheaval for weeks in the price of the U.S. dollar against the Iraqi dinar as the sale price of one dollar to 1280 dinars. / end / 8. n. p /

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