Economist: reason for the high central bank sales of dollars for this year

Economist: reason for the high central bank sales of dollars for this year is a different orientation private banks

03-06-2013 07:26 AM

Economist: reason for the high central bank sales of dollars for this yearBaghdad (news) .. Likely economic expert on behalf Abdul Hadi, the reason for the high central bank sales of dollars for this year is a different orientation private banks for buying and selling. said Abdul Hadi to the Agency (news): The private banks tended to buy the currency more than sold during the past three years to the bank Central where three years ago the private banks sell dollars to the central bank, and continued: The reason behind this is due the growing demand for them by the market and private traders to cover import foreign goods needed by Iraq. said Abdul Hadi: that the margin of difference in price between what sells for auction and is in the market is another reason as possible be added to the trend of private banks to buy dollars from the central bank, noting that the difference in views during the previous stage in the management of the auction also led to a difference in the real exchange rate from the official price, which sells the bank, which led to enter the speculators to take advantage of margin difference in the Council Information. recorded sales of CBI on Sunday declined about 20 million dollars to 174 million dollars, compared Sabbath, which recorded sales in which $ 194 million. / End / 3. n. r /

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