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Consultant Abadi: high dollar "price bubble"
BAGHDAD - ((eighth day)) Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh, Wednesday, high dollar price in the market, it is only for "price bubble", stressing that the dinar bank reserves covering completely. Saleh said that "some of the speculators in the market taking advantage of in some cases some organizational things issued by the Central Bank on the auction conducted by a day to sell currencies as Rasim monetary policy", adding that "these speculations are temporary and is only a bubble forming." Saleh added that "these speculations are of a temporary nature as the market is saturated with the dollar," asserting that "the Bank's reserves of hard currency dinar cover fully." The local market is currently experiencing a rise in the dollar exchange rate for up to 1300 dinars to the dollar.
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BAGHDAD - ((eighth day)) Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh, Wednesday, high dollar price in the market, it is only for "price bubble", stressing that the dinar bank reserves covering completely. Saleh said that "some of the speculators in the market taking advantage of in some cases some organizational things issued by the Central Bank on the auction conducted by a day to sell currencies as Rasim monetary policy", adding that "these speculations are temporary and is only a bubble forming." Saleh added that "these speculations are of a temporary nature as the market is saturated with the dollar," asserting that "the Bank's reserves of hard currency dinar cover fully." The local market is currently experiencing a rise in the dollar exchange rate for up to 1300 dinars to the dollar.
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