Saturday 08/25/2012
According to a member of the economic and investment commission MP Ibrahim Rikabi orientation done by the central bank to sell gold coins and other money in addition to the dollar in the auction came to reduce the demand for dollar and reduce its value against the dinar.
Rikabi, (of the Agency news): a new strategy followed by the central bank to work on reducing the exchange rate U.S. dollar against the Iraqi dinar through the sale of gold coins and other currencies in addition to the dollar in the auction public, what makes demand to buy the dollar less and therefore will maintain currency stability Local exchange for hard currency.
He added: that the new approach by the central bank to sell the currency Bmzadeh will be through processing rate of inflation made in the exchange rate of the dollar against the dinar because there severe criticism face to the policy of the central bank because of the continued high price of the dollar in the local market, which led to an asylum Central Bank to take the policies and ways to get out of this crisis.
And central bank announced earlier that the process of developing a feasibility study for the sale of gold coins and cash and foreign currencies other along treasury transfers to the public soon, noting that the measure was in effect earlier in the eighties of the last century, but the conditions siege in the nineties made citizens focused on buying the dollar to ease discharged in the markets.
