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Advisor to the Prime Minister: Rising Dollar "bubble" and some imports characterized as "frivolous."
February 3, 2015, 14:06
BAGHDAD - ((eighth day)) Considered an economic advisor to Prime Minister Haider al-Abadi, on Tuesday, the dollar exchange rate in the Iraqi market bubble, as he emphasized that some of the imports are of futility.
He said the appearance of Mohammed Saleh, said that "the rise witnessed in the markets, the dollar is currently in front of the Iraqi dinar is just a bubble because there are some speculators and Translated in the market," adding that "a very strong and is covered by one and a half of hard currency dinar." Saleh added that "sometimes the central bank to take some actions that will maintain the dollar because of the financial distress and therefore, the state does not want the money scattered on some imports that are heavily futility and consume millions of dollars Kab kids Moveh, clothes and food is poor." Saleh pointed out that "the bank has to ensure the actions of this bubble and dissipate within a few hours of shut down and restart the situation as it was." The dollar price in domestic markets to the Iraqi dinar to reach 1126 sales price of the Iraqi dinar against the one after that 1120 was one of the dinar in the past month.
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February 3, 2015, 14:06
BAGHDAD - ((eighth day)) Considered an economic advisor to Prime Minister Haider al-Abadi, on Tuesday, the dollar exchange rate in the Iraqi market bubble, as he emphasized that some of the imports are of futility.
He said the appearance of Mohammed Saleh, said that "the rise witnessed in the markets, the dollar is currently in front of the Iraqi dinar is just a bubble because there are some speculators and Translated in the market," adding that "a very strong and is covered by one and a half of hard currency dinar." Saleh added that "sometimes the central bank to take some actions that will maintain the dollar because of the financial distress and therefore, the state does not want the money scattered on some imports that are heavily futility and consume millions of dollars Kab kids Moveh, clothes and food is poor." Saleh pointed out that "the bank has to ensure the actions of this bubble and dissipate within a few hours of shut down and restart the situation as it was." The dollar price in domestic markets to the Iraqi dinar to reach 1126 sales price of the Iraqi dinar against the one after that 1120 was one of the dinar in the past month.
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