Expert: political rivalries and regional tensions kept the exchange rate of the dinar against the dollar, up
Last Updated: 03/18/2012
Salem noted financial expert Dani existence of internal and external factors control the height of the exchange rate of U.S. dollar against the Iraqi dinar, stressing that the Central Bank and the Iraqi Stock Exchange will not cause Athmla rise during the current period.
Said Dani: The Central Bank is working hard since (2003) to increase the value of the Iraqi dinar against the dollar, which made him a conservative on the price for a long time, but… political rivalries and the U.S. withdrawal and other factors external is of economic sanctions and international threats to neighboring states of the country, led to the increase the exchange rate of U.S. dollar against the Iraqi dinar.
He added, can not be the one that carries the responsibility of the cause of high exchange rate of U.S. dollar during the current period, whether the central bank or the Iraqi Stock Exchange, the fact that both are working to increase the strength of the Iraqi dinar and the national economy.
The parliamentary Finance Committee has attributed the cause of the high value of the dollar against the Iraqi dinar to the companies registered in the Iraqi market for securities Mtagertha result in its share of the dollar that you receive from the bank by selling instead of buying them as currency for goods and merchandise.
The decline in the exchange rate of the Iraqi currency in a banner during the past few days against foreign currencies, especially the dollar, raising fears among citizens of the continuing decline, and Some attribute this decline to the resort’s central bank to implement more stringent measures in the recent past regarding its sales of hard currency, especially U.S. dollar , which led to the lack of circulation of U.S. currency in the markets and increase demand and thereby increase its value against the dinar, but others believed that the currency’s decline is due mainly to the U.S. withdrawal from Iraq and the growing divisions between politicians.