Thursday, 14/06/2012
Baghdad (news) ..
Ills member of the Finance Committee MP / National Alliance /
Abdul-Hussein al-Yasiri, the high exchange rate of the Iraqi dinar
against the U.S. dollar to the presence of central bank reserves.
Yasiri said (of the Agency news) on Thursday: The improvement of the strength of the Iraqi economy and central bank reserves and the existence of the private sector from private banks contributed to raise the exchange rate dinar and the presence of the balance of payments positive, which shows some of the exports of foreign goods more than its imports all of these factors lead to revaluation of the dinar against the U.S. dollar.
The Yasiri to: the existence of "critical theory" which states the general acceptance of the currency and the strength of attraction in all countries such as the dollar, which has a acceptability all over the world, while the Iraqi dinar deal it only in Iraq, and continued: Demand If you find a dynamic price tag is determined by dynamically If there is supply and demand by the rising price of these flow rates lead to increased bad was local or foreign.
He added that directed the Central Bank of the year (2003 -2004) to buy a paper currency of Iraq to reduce what is displayed in the Iraqi market and increase demand and push the dollar in the auction, the central bank and buy dollars in Iraqi local and even determine the exchange rate a thousand and six hundred dinars, and then a thousand and five hundred to the dollar and continued Bank to sell the dollar in foreign currency to raise the Iraqi dinar demand and the lack of quality in the market and the price level declines against the dollar content more than the Iraqi dinar.
And Yasiri: that Iraq has oil revenues in dollars of foreign Fbasttaath to make a thousand dinars dollar and can be withdrawn by the Iraqi currency and pumped the largest amount of dollars and reduce the width of the Iraqi currency will become more valued and all these factors lead to high exchange rate of Iraq against the U.S. dollar. Finished / 21. for. m /
Yasiri said (of the Agency news) on Thursday: The improvement of the strength of the Iraqi economy and central bank reserves and the existence of the private sector from private banks contributed to raise the exchange rate dinar and the presence of the balance of payments positive, which shows some of the exports of foreign goods more than its imports all of these factors lead to revaluation of the dinar against the U.S. dollar.
The Yasiri to: the existence of "critical theory" which states the general acceptance of the currency and the strength of attraction in all countries such as the dollar, which has a acceptability all over the world, while the Iraqi dinar deal it only in Iraq, and continued: Demand If you find a dynamic price tag is determined by dynamically If there is supply and demand by the rising price of these flow rates lead to increased bad was local or foreign.
He added that directed the Central Bank of the year (2003 -2004) to buy a paper currency of Iraq to reduce what is displayed in the Iraqi market and increase demand and push the dollar in the auction, the central bank and buy dollars in Iraqi local and even determine the exchange rate a thousand and six hundred dinars, and then a thousand and five hundred to the dollar and continued Bank to sell the dollar in foreign currency to raise the Iraqi dinar demand and the lack of quality in the market and the price level declines against the dollar content more than the Iraqi dinar.
And Yasiri: that Iraq has oil revenues in dollars of foreign Fbasttaath to make a thousand dinars dollar and can be withdrawn by the Iraqi currency and pumped the largest amount of dollars and reduce the width of the Iraqi currency will become more valued and all these factors lead to high exchange rate of Iraq against the U.S. dollar. Finished / 21. for. m /