Date: 10/05/2012 08:43:34 Friday
Baghdad (news) .. Attributed the economic expert Manaf Al Sayegh, the reasons for actions the central bank last raised (Kuta) Prices of Iraqi banks for the currency, to stabilize the exchange rate of the dinar against the dollar.
said Sayegh (of the Agency news): The Central Bank to establish new procedures raise quota prices for the currency in Iraqi banks and make market currency market free as a result of the stability and balance of the dinar against the U.S. dollar in the local market, noting that the quota prices imposed on the currency in banks previously when the price of the dollar against the dinar. added: that the central bank imposed restrictions on sell the currency in Iraqi banks when increased demand for the dollar and appreciated against the dinar, ماجعلها successful actions have achieved a balance in the currency.
confirmed Sayegh: that the policy of the central bank reduced the difference between the price of currencies in the money market and the price of the currency at the Central Bank, adding that the exchange rate dinar against the dollar has become parallel and the percentage difference between them is estimated (2%). continued: that reducing the difference between the market price and the price of the bank to make the Iraqi dinar strong against the dollar, stressing that the coming period will witness evenly between the dinar and the dollar.
said Sayegh: that attack the demand for Currency previously prompting the central bank to restrict the display of foreign currency ceilings pricing and selling virtual currency in the banks to achieve a balance between the dinar and the dollar