Saturday 14/07/2012
Baghdad (news) ..
Announced by the Finance Committee MP / National Alliance / Faleh
applicable, a plan to keep the Iraqi dinar exchange rate, reference the
reasons for the increased demand for the dollar during the last period
to the international economic sanctions imposed on Iran and Syria.
The effect (of the Agency news) on Saturday: There are many factors that made the U.S. dollar exchange rate increases to the dinar, which increased government spending and generated by the increase in the budget year, and exposure of Iran and Syria to the UN economic sanctions make them desperate need of dollars.
He pointed to: that economic sanctions imposed on Iran and Syria, after a lot on the stability of the dinar exchange rate they come either to buy dollars directly from the market or import of goods from the Iraqi market, such as materials of construction or industrial, which make the Iraqi trader accepts to buy dollars for import of goods once again, increasing demand it.
He added that the central bank has a plan to preserve the value of the Iraqi currency include the continued sale of hard currency in the auction as well as opening many outlets to sell the dollar, both in government and private banks or in the ports bypass the other, with the increase in the amount of currency sold under certain conditions to create a balance between volumetric display and demand.
This has allowed the Central Bank's (25) private banks to sell the dollar according to certain controls, and gives each bank a week million and (250) thousand dollars at the (1179) and sold to citizens at (1189) that the ratio of profit for banks (10) dinars.
Comes a central bank to create a balance between the amount of currency offered and size of the growing demand to maintain the value of the dinar against the dollar, in time, which is still the exchange rate ranges between (1240 - 1250) dinars per dollar. / Finished / 8. D. Q /
The effect (of the Agency news) on Saturday: There are many factors that made the U.S. dollar exchange rate increases to the dinar, which increased government spending and generated by the increase in the budget year, and exposure of Iran and Syria to the UN economic sanctions make them desperate need of dollars.
He pointed to: that economic sanctions imposed on Iran and Syria, after a lot on the stability of the dinar exchange rate they come either to buy dollars directly from the market or import of goods from the Iraqi market, such as materials of construction or industrial, which make the Iraqi trader accepts to buy dollars for import of goods once again, increasing demand it.
He added that the central bank has a plan to preserve the value of the Iraqi currency include the continued sale of hard currency in the auction as well as opening many outlets to sell the dollar, both in government and private banks or in the ports bypass the other, with the increase in the amount of currency sold under certain conditions to create a balance between volumetric display and demand.
This has allowed the Central Bank's (25) private banks to sell the dollar according to certain controls, and gives each bank a week million and (250) thousand dollars at the (1179) and sold to citizens at (1189) that the ratio of profit for banks (10) dinars.
Comes a central bank to create a balance between the amount of currency offered and size of the growing demand to maintain the value of the dinar against the dollar, in time, which is still the exchange rate ranges between (1240 - 1250) dinars per dollar. / Finished / 8. D. Q /