To stabilize the Iraqi dinar against the dollar depends on increased supply in the domestic market
Association of private banks: to stabilize the Iraqi dinar against the dollar depends on increased supply in the domestic market
06/01/2014 10:36
Baghdad – and babysit – saw the President of the Association of private banks, an economist Abdul Aziz Hassoun that the success of the central bank’s measures seeking to stabilize the exchange rate of the Iraqi dinar against other currencies depends on the dollar cash deal to expand in the domestic market more than dealing in Iraqi dinars.
He said Hassoun, in a press statement on Sunday that “stabilizing the exchange rate of the Iraqi dinar is the main concern of the Central Bank of Iraq, stressing that” to give a chance to allow the money transfer companies to buy dollar directly without the mediation of banking step needs to prevail dealing in dollars cash in the local market more from dealing in Iraqi dinars to increase the width of the dollar, which lead to a lack of demand and the increasing demand for the Iraqi dinar. ”
He noted that the Central Bank sold over the past week more than / 300 / million in cash all came down to the market was the dollar more than the Iraqi dinar deal is simple consumer goods, which Mayshm rising value of the Iraqi dinar to the dollar … p / i
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