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Yasiri: No fears of a rise in the dollar's exchange rate against the dinar
:June 18, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) -
the legal and financial policy specialist accountant Abdul Hussein al-Yasiri stressed that fears of a rising dollar against the Iraqi dinar in the markets.
The Yasiri's (IMN) that "there is a two-way Tzlkhma the government to control the price of the dollar, the first is providing the market with more hard currency, the second removal of barriers for citizens to obtain the dollar,"
explaining that "should be given greater freedom to the Central Bank in helping banks to import foreign currency from abroad and to develop a mechanism for external conversion method
such as buying goods, under the import license and price the official who deals with the central bank. "
The parliamentary finance committee and suggested earlier, lower demand for the dollar in the market with the release of the new category of the local currency,
noting that the central bank reduced sales led to increased demand and lifted the dollar exchange rate against the dinar .
While Head of Private Banking Association meek Handal said that the recent Iraqi Central Bank's decision, containing the reduction in the duration of deposit own funds,
as well as consideration Saturday regular work day to meet the banks requests from foreign currency, will contribute to reduce the dollar exchange rate, noting that his association will be supportive of the resolution.
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:June 18, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) -
the legal and financial policy specialist accountant Abdul Hussein al-Yasiri stressed that fears of a rising dollar against the Iraqi dinar in the markets.
The Yasiri's (IMN) that "there is a two-way Tzlkhma the government to control the price of the dollar, the first is providing the market with more hard currency, the second removal of barriers for citizens to obtain the dollar,"
explaining that "should be given greater freedom to the Central Bank in helping banks to import foreign currency from abroad and to develop a mechanism for external conversion method
such as buying goods, under the import license and price the official who deals with the central bank. "
The parliamentary finance committee and suggested earlier, lower demand for the dollar in the market with the release of the new category of the local currency,
noting that the central bank reduced sales led to increased demand and lifted the dollar exchange rate against the dinar .
While Head of Private Banking Association meek Handal said that the recent Iraqi Central Bank's decision, containing the reduction in the duration of deposit own funds,
as well as consideration Saturday regular work day to meet the banks requests from foreign currency, will contribute to reduce the dollar exchange rate, noting that his association will be supportive of the resolution.
[You must be registered and logged in to see this link.]
