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Economist: diversification of dollar sales will cut prices
15/04/2015
BAGHDAD / Source News / .. Description Economic Information Center, on Wednesday, the latest CBI special measures to expand sales outlets and coverage of banking companies as fruitful in reducing dollar exchange rates.
The head of the Center lion Muhammad Ali in a press statement I followed Agency / Source News /, "This move is expected to re-dollar exchange rates to previous levels if they were put in sufficient quantities and sell it fairly," stressing "the need to place the control order are not taken dollar selling to other categories without or without the official exchange of the Bank of these ports prices. "
He continued that "the center has already been called for in previous central bank statements, up selling the dollar and diversify outlets to get into the market without a monopoly."
The central bank had decided last Thursday to double the share of banking companies of the dollar, and to allow banks Rafidain and Rasheed and Iraqi trade to sell the dollar for companies and small importers as a measure to reduce the dollar prices in the Iraqi market after it witnessed a significant and surprising rise. / End Q
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15/04/2015
BAGHDAD / Source News / .. Description Economic Information Center, on Wednesday, the latest CBI special measures to expand sales outlets and coverage of banking companies as fruitful in reducing dollar exchange rates.
The head of the Center lion Muhammad Ali in a press statement I followed Agency / Source News /, "This move is expected to re-dollar exchange rates to previous levels if they were put in sufficient quantities and sell it fairly," stressing "the need to place the control order are not taken dollar selling to other categories without or without the official exchange of the Bank of these ports prices. "
He continued that "the center has already been called for in previous central bank statements, up selling the dollar and diversify outlets to get into the market without a monopoly."
The central bank had decided last Thursday to double the share of banking companies of the dollar, and to allow banks Rafidain and Rasheed and Iraqi trade to sell the dollar for companies and small importers as a measure to reduce the dollar prices in the Iraqi market after it witnessed a significant and surprising rise. / End Q
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