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Subjected to sell the dollar, according to supply and demand
2/11/2015 0:00
BAGHDAD - morning
Reduce experts in the banking Shan importance of exchange rate fluctuations of the dollar and confirmed the possibility of reducing the developments in the exchange rate of the dinar against the dollar gap, and it will not last long because of the protection of the Iraqi dinar, represented by cash reserves of $ 67 billion.
He said the academic and banking expert d. Sadiq Rashid "morning": that reducing the gap in the exchange rate between the dinar and the dollar in the local market requires making dollar selling policy in the daily auction variable subject to the laws of supply and demand.
He noted that the sale of the dollar should be to import the necessary materials and lack of expansion in imports in a bid to protect what is produced locally, referring to the vulnerability of local markets so high, but in relative terms, pointing out that the rise will not last long because there are a number of positive things that lead to the return of stability of the dinar against the dollar in the forefront of the relatively high oil prices.
As an expert in the banking Shan Samir Alnasiri he predicted in his speech for the "morning" to stabilize the exchange rate will return soon and that this increase will not last long, gains are temporary and settle down in front of a solid reserve will expire and return prices to normal within a period not exceeding three weeks, pointing that the stability gets supported lid currency (dollar) cash reserve of up to $ 67 billion, is a secretary of the Iraqi dinar cover.
He pointed out that the reason for rise in local markets was Article 50 of the federal budget, which identified the amount of selling one-third of the amount that was sold before approving the budget law, and this created a state of fear in the banking market has led to a lack of supply of the dollar and some of them lifted the dollar to achieve profits for a temporary period.
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2/11/2015 0:00
BAGHDAD - morning
Reduce experts in the banking Shan importance of exchange rate fluctuations of the dollar and confirmed the possibility of reducing the developments in the exchange rate of the dinar against the dollar gap, and it will not last long because of the protection of the Iraqi dinar, represented by cash reserves of $ 67 billion.
He said the academic and banking expert d. Sadiq Rashid "morning": that reducing the gap in the exchange rate between the dinar and the dollar in the local market requires making dollar selling policy in the daily auction variable subject to the laws of supply and demand.
He noted that the sale of the dollar should be to import the necessary materials and lack of expansion in imports in a bid to protect what is produced locally, referring to the vulnerability of local markets so high, but in relative terms, pointing out that the rise will not last long because there are a number of positive things that lead to the return of stability of the dinar against the dollar in the forefront of the relatively high oil prices.
As an expert in the banking Shan Samir Alnasiri he predicted in his speech for the "morning" to stabilize the exchange rate will return soon and that this increase will not last long, gains are temporary and settle down in front of a solid reserve will expire and return prices to normal within a period not exceeding three weeks, pointing that the stability gets supported lid currency (dollar) cash reserve of up to $ 67 billion, is a secretary of the Iraqi dinar cover.
He pointed out that the reason for rise in local markets was Article 50 of the federal budget, which identified the amount of selling one-third of the amount that was sold before approving the budget law, and this created a state of fear in the banking market has led to a lack of supply of the dollar and some of them lifted the dollar to achieve profits for a temporary period.
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