Economic center: sell the dollar in accordance with market needs control of the sales process will support the stability of the dinar exchange rate

23-07-2013

Baghdad (news) .. The head of the Economic Media Center Dergham Mohammed Ali, continued to sell the U.S. dollar from the central bank auction by the market need him with tighter controls on the sale process will enhance the stability of the exchange rate of the dinar against the dollar.

Said Mohammed Ali (of the Agency news): The dollar exchange rate is determined by supply and demand, which can supply the greater and at a specified price reduces the control of specific groups at the exchange rate and the monopoly of sales operations in certain ports, which promotes the reduction of the exchange rate of the dollar.

He added: that whenever remittances was liberated and open in front of the private sector through private banks and the exchange rate adopted by the central bank will cut the value of the dollar, noting that the continuation of overall sales under real market need will achieve required exuberance that supports the stability of the dinar exchange rate.

He called Muhammad Ali: the monetary authority to actually close monitoring for the protection of these ports of monopoly or infringement of the beneficiaries of the revaluation of the exchange rate to maintain the flow of foreign currency to the market smoothly. / End / 8.'s. M /

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