CBI: Plans to reduce the price of the dollar in the coming period

Posted: August 18, 2012 in Iraqi Dinar/Politics
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08/18/2012 0:00

announced the deputy governor of the Central Bank of the appearance of Mohammed Saleh on the status of plans and programs of scientific by the central bank to lower the exchange rate of the dollar against the dinar to reach its price natural market of $ (1190) in the coming period.

Saleh said: The increasing demand for the dollar is still going on in the market, has led to the situation stagger it by increasing the demand for dollar suddenly, which led to increased price even arrived (1300) dinars per dollar during the last period.

, and continued: that the policy of the central bank and plans by him devalued dollar gradually until settled at a price (1240) dinars to the dollar (in the market), although the central bank auction selling dollars b (1189) for banks and customers, to keep the local currency from degradation because the increase in the dollar exchange rate to more than the number specified cause deterioration the national currency.

Saleh added was developed plans and programs of scientific and studied to reduce the value of the dollar further against the dinar even up to its price real to settle the (1190) dinars and (1200) dinars in the market and then be thinking away to make the dollar worth dinars through the development of long-term plans After settling the situation in the country and abroad and diversify when fiscal revenue of the state.

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