Thursday, April 12, 2012

Expert: recession, stock market revaluation of the dollar and threatens the entry into force of the hard currency

Thursday, 12/04/2012

Baghdad (news) .. Expert noted the existence of economic recession as beautiful in the Iraqi market for securities due to lower stock prices, prompting a shift towards the purchase of the dollar to trade him and thereby raising the rate of exchange against the dinar.
A beautiful (for the Agency news) on Thursday: there are several factors that led to increase the value of the U.S. dollar against the Iraqi dinar, including internal factors such as increased drag on the dollar by the merchants and other third-party as a result are exposed Syria and Iran of economic blockade, making these two countries Iltjian to Iraq to buy dollars to save their currencies.
He added that the inertia and the recession that hit the Iraqi market for securities due to lower prices of shares, companies paid to buy the dollar and traded for the liberation of this recession happening in the Iraqi Stock Exchange, increasing the demand for dollar by the Central Bank, noting that sales of the Central Bank limited can not sell large quantities of the dollar because the demand for and buy a large affect on the local currency because the dollar is the cover of her.
The beautiful to: that the central bank can not pump large quantities of dollars into the local markets and is also able to stop the sales, this will lead to increase in price more and more, so be on the regulatory and inspection in the scientific community specialized protection of the local currency to take its role to reduce the This phenomenon is being threatened and the Iraqi currency will lead to the entry into force of the hard currency of the country.
This could see the Iraqi dinar declined in value against the U.S. dollar, where he became the U.S. dollar exchange rate is equivalent to B (1300) dinars. / Finished / 8. D. Q /

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