Delay in the Budget Behind the Rise of the Iraqi Dinar and the Dollar Will Rise .. Soon
|June 9, 2014||Filled under Iraqi Dinar News|
Iraqi Dinar News –
Ruled out an economist and a relationship between the actions by the Iraqi government and the high exchange rate of the Iraqi dinar against the U.S. dollar, and expected recovery in the dollar to its previous status within days.
Economist said the appearance of Mohammed Saleh told the “future” on Sunday (8 June 2014), the Central Bank of Iraq is responsible for the policies of the stability of the exchange rate of the Iraqi dinar against the foreign currency is the only one who owns the mechanisms and authority for the stability of the exchange rate of the dinar in Iraq.
Pointed out that the decline in the dollar exchange rate is normal because of the policy currently in auction CBI The mechanics of the entry money transfer companies to auction the central bank without the mediation of banks, where the drop in the price of buying and selling the U.S. dollar and foreign currencies is a positive thing for the policy of national exchange, trade and good phenomenon the fact that the policy of auction sales CBI is still going on despite the fact that government spending is restricted through the current period due to the failure to approve the budget, especially since the central bank sales big and spend liquidity being approach high.
Benefit of “no income security conditions taking place in Iraq, down the exchange rate of the dollar during the two days the current fact that terrorism and the security situation been going on for years and become one of the axioms cash market in Iraq.”
He said economic expert: There are no stated policy on the relationship of the government and the central bank to increase the exchange rate of the Iraqi dinar, as the central bank attribution to enter the money transfer companies to its daily auction without the mediation of banks, adding that the financial market has sufficient amounts of foreign currency and does not affect low exchange rate for the market and the rate of movement of the sale and purchase of foreign currency in Iraq.
Related Iraqi Dinar Articles-