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Economist: Market need to import goods Ramadan behind the rise in the dollar
:: 15/06/2015
[Baghdad-where]
an economist said that "the market need to import food and consumer goods for the month of Ramadan and behind the rise in the dollar against the Iraqi dinar prices."
And between Bassem Jamil Antoine told all of Iraq [where] "There is a marked increase in demand for the dollar for import and consumption of food in the month of Ramadan, which made the offer less than demand and led to get high in the exchange rates."
"As the exclusion of 14 banks from currency auction of the Central Bank for not adhering to his instructions Mark got there a great demand to buy the dollar. "
He pointed Antoine that "the dollar amounts, which pumps from the central bank is still low and demand for larger ones as the bank's decision to raise the drawing Alkmarki to 8% instead of 3% on remittances dollar made up more than the bank exchange rate by more than 10% in addition to the presence of some speculators in prices, taking advantage of opportunities in the profits of the difference between the two currencies. "
The economist said that "the government is trying to address this matter where it started through the Central Bank to inject dollar for banks which were excluded from the currency auction in order to compensate, "expected to" exchange rates have been declining after the month of Ramadan, but it will be slow. "
and saw the local markets today rising US dollar exchange rates against the Iraqi dinar to 1,400 dinars to the dollar, that dollar percent, equal to 140 000 dinars .
The official rate of the Central Bank of Iraq the price of 1166 dinars per dollar, meaning it has risen from the official price 234 dinars, an increase of 20%.
attribute specialists and economists this increase to the dollar in the domestic market, to a lack of supply of the dollar in the auction of the daily currency of the Central Bank of Iraq,
which identified quantification of the law of the general budget for 2015 by $ 75 million just after it was open, so called for the increased demand for foreign currency to fulfill banks and businessmen Baltazamthm and the market need for liquidity Almalah.
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:: 15/06/2015
[Baghdad-where]
an economist said that "the market need to import food and consumer goods for the month of Ramadan and behind the rise in the dollar against the Iraqi dinar prices."
And between Bassem Jamil Antoine told all of Iraq [where] "There is a marked increase in demand for the dollar for import and consumption of food in the month of Ramadan, which made the offer less than demand and led to get high in the exchange rates."
"As the exclusion of 14 banks from currency auction of the Central Bank for not adhering to his instructions Mark got there a great demand to buy the dollar. "
He pointed Antoine that "the dollar amounts, which pumps from the central bank is still low and demand for larger ones as the bank's decision to raise the drawing Alkmarki to 8% instead of 3% on remittances dollar made up more than the bank exchange rate by more than 10% in addition to the presence of some speculators in prices, taking advantage of opportunities in the profits of the difference between the two currencies. "
The economist said that "the government is trying to address this matter where it started through the Central Bank to inject dollar for banks which were excluded from the currency auction in order to compensate, "expected to" exchange rates have been declining after the month of Ramadan, but it will be slow. "
and saw the local markets today rising US dollar exchange rates against the Iraqi dinar to 1,400 dinars to the dollar, that dollar percent, equal to 140 000 dinars .
The official rate of the Central Bank of Iraq the price of 1166 dinars per dollar, meaning it has risen from the official price 234 dinars, an increase of 20%.
attribute specialists and economists this increase to the dollar in the domestic market, to a lack of supply of the dollar in the auction of the daily currency of the Central Bank of Iraq,
which identified quantification of the law of the general budget for 2015 by $ 75 million just after it was open, so called for the increased demand for foreign currency to fulfill banks and businessmen Baltazamthm and the market need for liquidity Almalah.
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