Temporary dollar crisis
Temporary dollar crisis
05/20/2013 12:00 AM
Baghdad morning
expert described of Samir النصيري financial crisis, the U.S. dollar rise in Iraq as “temporary” and will be remedied soon. He said النصيري in a press statement: The crisis caused by the high exchange rate of the dollar against the Iraqi dinar is the crisis of a temporary, evidence that what was announced by the central bank reserves rose to $ 74 billion, noting that this reserve represents a cover for the dollar. Attributed النصيري reasons for the high dollar recently speculators dollar in the Iraqi market and this temporary situation can be controlled, stressing that Iraq over the situation very difficult on the rise and the low exchange rate of the dinar and the dollar, however, saying that monetary policy if they deal with the mechanisms of sound and correct can control the financial market and this are not taken, but in cooperation with private banks by consulting with them on economic policy cash that are virtually non-existent with the present.
& follow are buying the dollar for domestic banks and government during daily sessions for the sale and purchase of foreign currency held by the Iraqi Central Bank, which is supposed to fund the traders from the private sector or for tourism and study abroad the country, but this is not what happens when those banks Maysgel the clear violation calculated on the instructions of the Central Bank.
alsabaah.iq
