08-04-2013
Baghdad (news) ..
Economic expert ruled out peace Quraishi, the stability of the exchange
rate of the Iraqi dinar against the U.S. dollar at increasing the
supply of foreign currency in the market, stressing that it will affect
the size of the existing monetary reserves at the Central Bank.
Quraishi said (of the Agency news): The current monetary policy pursued by the central bank is not built on the basis of sound scientific and accurate, which led to a decline in the dinar exchange rate during the last period.
He added: that the central bank works to increase the width of the dollar in the market under the pretext of supporting the dinar exchange rate without the knowledge of the actual need for it, is what makes there is an imbalance in the principle of volumetric balance the supply and demand of foreign currency, and hence the instability of the Iraqi currency.
He warned the economic expert: increased dollar sales in the market because it will affect the size of the monetary reserves, which comes through oil exports, calling for the need to take the principle of balance in supply and demand for dollars in the market, to maintain a stable exchange rate of the dinar against the dollar. / End / 8. l. m /
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Quraishi said (of the Agency news): The current monetary policy pursued by the central bank is not built on the basis of sound scientific and accurate, which led to a decline in the dinar exchange rate during the last period.
He added: that the central bank works to increase the width of the dollar in the market under the pretext of supporting the dinar exchange rate without the knowledge of the actual need for it, is what makes there is an imbalance in the principle of volumetric balance the supply and demand of foreign currency, and hence the instability of the Iraqi currency.
He warned the economic expert: increased dollar sales in the market because it will affect the size of the monetary reserves, which comes through oil exports, calling for the need to take the principle of balance in supply and demand for dollars in the market, to maintain a stable exchange rate of the dinar against the dollar. / End / 8. l. m /
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