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Economic center: artificially high dollar is not subject to the laws of supply and demand
Tuesday June 16, 2015 14:40
Alsumaria News / Baghdad
Description President of the Economic Information Center, Tuesday, rising dollar exchange rate Bamuftal, pointing out that this rapid rise is not subject to objective factors concerning trading and market.
The head of the Muhammad Ali Center lion in an interview with Alsumaria News that "the subtractions size of the market and quantities by the central bank does not fit with the feverish rise in the dollar exchange rate," describing the "high dollar exchange rate Bamuftal".
He said Mohammed Ali that "the abolition of the Central Bank Auction lose Bank an important link to dominate the market with dictations restrictive of the budget came in response to the bank to ask the Ministry of Finance to impose tax and Comerk commercial conversion to increase the price the dollar problems," blaming the mafias dollar "responsible for this rise, which may be for political reasons. "
He said Mohammed Ali said, "This rapid rise is not subject to objective factors concerning trading and market", criticizing the Central Bank "for not delivering messages of reassurance and lack of interaction with the media to restrain the rise of the dollar is not logical."
The dollar price in the domestic market in front of the Iraqi dinar gradually to reach more than 1,400 dinars to the dollar, compared to 1225 thousand dinars to the dollar during the month of February and 1,200 dinars to the dollar by the end of last year 2014.
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Tuesday June 16, 2015 14:40
Alsumaria News / Baghdad
Description President of the Economic Information Center, Tuesday, rising dollar exchange rate Bamuftal, pointing out that this rapid rise is not subject to objective factors concerning trading and market.
The head of the Muhammad Ali Center lion in an interview with Alsumaria News that "the subtractions size of the market and quantities by the central bank does not fit with the feverish rise in the dollar exchange rate," describing the "high dollar exchange rate Bamuftal".
He said Mohammed Ali that "the abolition of the Central Bank Auction lose Bank an important link to dominate the market with dictations restrictive of the budget came in response to the bank to ask the Ministry of Finance to impose tax and Comerk commercial conversion to increase the price the dollar problems," blaming the mafias dollar "responsible for this rise, which may be for political reasons. "
He said Mohammed Ali said, "This rapid rise is not subject to objective factors concerning trading and market", criticizing the Central Bank "for not delivering messages of reassurance and lack of interaction with the media to restrain the rise of the dollar is not logical."
The dollar price in the domestic market in front of the Iraqi dinar gradually to reach more than 1,400 dinars to the dollar, compared to 1225 thousand dinars to the dollar during the month of February and 1,200 dinars to the dollar by the end of last year 2014.
[You must be registered and logged in to see this link.]
