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Consultant Abadi reveals reasons for the high dollar selling price
April 9, 2015, 13:20
BAGHDAD
Revealed the appearance of Mohammed Saleh economic adviser to Iraqi Prime Minister Haider al-Abadi, the reasons for the high price of the US dollar against the Iraqi dinar.
Saleh said that "the high sale price of the US dollar, came for many reasons, especially with the exposure of the Iraqi dinar financial crisis," adding that "the first reason for the rise is that the import momentum is not commensurate with the volume of exports, in terms of export prices."
And the appearance of Mohammed Saleh said that "most of the export in Iraq depends on oil, which saw a drop in prices over the past period," explaining that "this decline significantly affected the financial budget for 2015".
"The other reason is to put a paragraph in the fiscal budget sets the central bank sales of $ 75 million a day, and this effect on the rise of the dollar, because in the past, the Bank sells more than this figure," declaring that "the Bank provided an appeal to the Federal Court of a paragraph budget which restricted sales, and that this paragraph considered intrusive work ". | ST |
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April 9, 2015, 13:20
BAGHDAD
Revealed the appearance of Mohammed Saleh economic adviser to Iraqi Prime Minister Haider al-Abadi, the reasons for the high price of the US dollar against the Iraqi dinar.
Saleh said that "the high sale price of the US dollar, came for many reasons, especially with the exposure of the Iraqi dinar financial crisis," adding that "the first reason for the rise is that the import momentum is not commensurate with the volume of exports, in terms of export prices."
And the appearance of Mohammed Saleh said that "most of the export in Iraq depends on oil, which saw a drop in prices over the past period," explaining that "this decline significantly affected the financial budget for 2015".
"The other reason is to put a paragraph in the fiscal budget sets the central bank sales of $ 75 million a day, and this effect on the rise of the dollar, because in the past, the Bank sells more than this figure," declaring that "the Bank provided an appeal to the Federal Court of a paragraph budget which restricted sales, and that this paragraph considered intrusive work ". | ST |
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