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Advisor to the Prime Minister:Mohammed Saleh.. Dollar rises in the market is a bubble forming
Alsumaria News / Baghdad
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 in an interview for "Alsumaria News", "Some 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. "
> Exchange: a significant rise in the value of trading for the month of June to more than 146 billion dinars
> Exchange: low trading value for the month of July to 83 billion dinars
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 after its stability for more than a year to exchange 1,200 dinars per price.
And established an independent Iraqi Central Bank as a bank under a law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.
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