Economist Reveal Four Solutions To Raise The Price Of The Dinar Against The Dollar
|May 14, 2012||Filled under All Dinar Trade Articles|
Baghdad, Detect Economist Salim Al-Bayati, of the intention of the Government to take new measures within the next two months will be to raise the price of the Iraqi dinar against the dollar, noting that the absence of oil policy were the most important factors of the high price of the U.S. dollar.
He said Al-Bayati (News Agency news) on Sunday: that the Government will take four steps to raise the price of the Iraqi dinar against the dollar, the Central Bank will open great auctions, add to control banking companies and shops with multiple ways of undisclosed Al-Bayati.
He added: it will be setting conditions for the import operation to lift the dinar, the State will also re-examine the oil policy and revenue.
Noted: the absence of oil was one of the most important political factors the low exchange rate of the dinar against the dollar.
This saw the exchange rate stability over the past few days against the US dollar by about (1227), after it arrived (1300).
The Economist said: the adoption of Government oil revenues, the Central Bank’s revenues in equilibrium and stability of exchange rate when a number is one of the reasons for the increased demand for the dollar, as well as Ziad demand for import operations that contribute to increasing demand on the dollar, plus currency smuggling.
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