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Parliamentary Finance: Dollar rises because speculators an issue temporary and will disappear
03/21/2015 19:24
Tomorrow Press / Baghdad: Parliamentary Finance Committee confirmed on Saturday that the current Iraqi central bank sales of the currency, the US dollar is enough to market needs, attributed the reason for the high dollar exchange rate against the dinar to the speculation.
Said committee member Majda al-Tamimi's "Tomorrow Press", he was "in accordance with Article 50 of the Budget Law for 2015, which identified the central bank sales of $ 75 million instead of $ 300 million a day, enough to cover the need of the market," pointing out that "the Iraqi market now adapt to these amounts. "
And Izzat al-Tamimi rise in the dollar exchange rate against the dinar to "speculators," adding that "a number of weak-minded people and Exploited opportunities contributed to broadcast the news is correct and made some traders believe the presence of the decline in central bank sales and the weakness of its reserve currency, boosting demand for the dollar has increased and therefore higher selling price ".
Tamimi pointed out that "this case does not last long and will be gone soon, as the central bank promised that he was working on the mechanics and procedures could reduce the selling price and make available enough among the citizens and merchants."
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03/21/2015 19:24
Tomorrow Press / Baghdad: Parliamentary Finance Committee confirmed on Saturday that the current Iraqi central bank sales of the currency, the US dollar is enough to market needs, attributed the reason for the high dollar exchange rate against the dinar to the speculation.
Said committee member Majda al-Tamimi's "Tomorrow Press", he was "in accordance with Article 50 of the Budget Law for 2015, which identified the central bank sales of $ 75 million instead of $ 300 million a day, enough to cover the need of the market," pointing out that "the Iraqi market now adapt to these amounts. "
And Izzat al-Tamimi rise in the dollar exchange rate against the dinar to "speculators," adding that "a number of weak-minded people and Exploited opportunities contributed to broadcast the news is correct and made some traders believe the presence of the decline in central bank sales and the weakness of its reserve currency, boosting demand for the dollar has increased and therefore higher selling price ".
Tamimi pointed out that "this case does not last long and will be gone soon, as the central bank promised that he was working on the mechanics and procedures could reduce the selling price and make available enough among the citizens and merchants."
[You must be registered and logged in to see this link.]
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