Monday, February 6, 2012

Central Bank: The rise of the dollar just a bubble will be gone soon

Monday 02/06/2012

Baghdad (news) .. Description of the Central Bank of the dollar as the case of high air bubble that will be gone blank and can be controlled, pointing at the same time have the highest reserve balance up to (60) Mllardolar.
Deputy Central Bank of the appearance of the benefit (of the Agency news) on Sunday: The case of the high dollar has recently received due to the weak local production and the withdrawal of foreign exchange by importing foreign goods and materials.
He explained: that the central bank began developing specific conditions for those wishing to buy the currency, including a certified check to prove his identity as the sale to (3) million after what was (200) million.
It is noted: the central bank has control over the liquidity by having a well thought out mechanisms such as the withdrawal from the market should the dinar against the dollar out, and this is the case of the balance sheet of the Central Bank which is one.
Abizaid and favor: that the withdrawal of the dollar markets do not offset by the withdrawal of the national currency is born a kind of imbalance in the exchange rate of the dollar and gave the impression of height in front of the dinar. Finished / 22. D. Q /

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