Expert: the exchange rate of the dinar against the dollar will fall more in the coming days by the actions of the Central Bank of effective
30-09-2012
Chief Economist Majid picture, that the exchange rate of the U.S. dollar in freefall and will equal the exchange rate of the Iraqi dinar in the next few days, praising central bank measures “successful” to reduce the exchange rate of the dinar against the dollar.
He said Suri (of the Agency news) on Sunday: One of the important factors for the high exchange rate of the dollar against the dinar in the summer months the past is the high demand and tight supply and exploitation of banking companies for citizens to raise the price of the dollar, prompting the central bank to increase supply in the currency auction.
He added: that the success of the actions of the Central Bank in reducing the price of the dollar against the dinar would make one dollar is equal to one Iraqi dinar in the next few days.
The picture: that the decline in the dollar exchange rate was limited only to demand cash and not remittances, noting that the transfer obtained by the merchant through banks and banking companies circulated at the official rate, while the cash demand by citizens through banking offices fell to its reliance on worker supply and demand.
ALTERNATE TRANSLATION:
Expert: dinar exchange rate against the dollar would drop more in the coming days by effective central bank actions
30-09-2012
Baghdad (News)
The Economist said Majid, US dollar exchange rate is declining and the dinar will equal in the next few days, praising Central Bank actions “successful” reduce the dinar against the dollar.
Majid said (News Agency news) on Sunday: that one important factor for the high dollar exchange rate dinar last summer months are high demand and low supply and exploitation of citizens banking companies to lift the dollar, prompting the Central Bank to increase the supply in the auction currency.
He added: the success of Central Bank actions in reducing the dollar against the Iraqi dinar will make dollar Iraqi dinar per few days ahead.
Mock said: the decline of the dollar merely demand cash and money orders, indicating that hawala dealer obtained through banks and banking companies circulated official price, cash demand by citizens through the exchange offices reduced to dependence on supply and demand.
