Home
The exchange rates of the dollar as a result of the U.S. withdrawal and the regional situation
ID number: 2424 Issue Date: 20/12/2011 day: Tuesday
Last Updated: 12/20/2011
BAGHDAD - Follow-up:
The exchange rate of the dollar, Saturday, in the various provinces of Iraq between 1225 and 1235 dinars per dollar, which he attributed specialists to keep citizens in foreign currency due to concerns that dropped the security situation after the withdrawal of U.S. forces and strained regional situation, which turned the Iraqi trader to the broker re- export of goods, thus increasing the demand for the dollar and the high price.
The Director of Banking carpet in the area of the fight in central Baghdad, said the sale price of the U.S. dollar "has been rising streak for the past week, reaching a price of 1225 dinars to the dollar and 1235 dinars per dollar," after it was "between 1190 and 1200 dinars per dollar During the past few months. "
Banking manager explained that rising U.S. dollar selling price was the result of "a U.S. pullout and fears of deteriorating security situation in the Iraqi citizen," which led to "convert foreign currency to Iraq within a security precaution for any emergency."
In turn, Director of the Banking pool Mohammad Qasim said exchange rates "witnessed an unprecedented rise at the exchange rate," a reference it to the "speculative traders on the one hand, and the growing demand locally for the purpose of saving because of the concern of the citizens of the U.S. withdrawal, and the possibility of some security disturbances in unstable regions" .
The Iraq and the United States signed the Convention on the end of November 2008 provides for the withdrawal of U.S. troops from Iraq no later than 31 December of 2011 the current, which forces began to implement it since June 30, 2009, leaving today only a limited number of U.S. troops would withdraw by end of the year also confirms Iraqi and U.S. governments.
Qassim expected "return of the exchange rate to normal between 1119 and 1200 dinars per dollar this week."
Otherwise expect the banking stapes in the Arboretum area in central Baghdad continued high exchange rate, because of "lack of political and security stability witnessed by the country," adding that "the news that we hear today about the regions and political differences and the withdrawal of parliamentarians who do not bode well for the near term."
The scene in the Iraqi political tension and security as a result of the demand by some provinces the establishment of separate territories administratively and economically, including the provinces of Salahaddin and Diyala in protest against the marginalization and arrest procedures, ablation, amid expectations of a claim other provinces the establishment of provinces, have announced the list on Saturday of the suspension of its membership in the House to protest the what it called systematic Prime Minister Nuri al-Maliki in the administration of the country's uniqueness and power.
Registered higher U.S. dollar selling prices in three key areas of Iraq, and said that the exchange rate rose overall in Iraq, in Baghdad, arrived in the sale price of the dollar to 1,225 dinars per dollar.
And the same province of Basra in southern Iraq, which settled the sale price of the dollar, he said at the 1225 dinars per dollar.
The Kurdistan region has seen the biggest rise at the exchange rate up to between 1230 and 1235 dinars per dollar as the rate of sale of the citizen, according to the correspondent of the agency (Voices of Iraq) in Arbil.
Advisor to the Central Bank of the appearance of Mohammed Saleh external influences and other internal caused "price bubble".
The situation of regional developments in the region, according to Saleh, turned Iraq into a "corridor of trade", and became a merchant of Iraq "as an intermediary between the States so that imported goods and the re-export", which resulted in "increased demand for dollar by the merchants and thereby increase the rate of exchange."
The implications of these commercial mediation "and arrived at the Central Bank, which monitor the clear increase in the demand for the dollar to import goods, although provided by the Iraqi market," but the central "checked these requests to avoid money laundering, and provides sufficient liquidity for the domestic trade."
The U.S. withdrawal, which talked about the owners of banking offices, said his adviser, the central "internal reason led to the concern is not justified to the Iraqi people," adding that the U.S. withdrawal, "helps to open up and economic stability," and that the Iraqi citizen "when he sees the short term, the withdrawal did not affect the U.S. economically, and that the Central is able to contain any volatile exchange rates will end up this concern. "
Saleh said the central bank "capable of dealing with this bubble as the player base and the main financier of the dollar in the local market," pointing to "the ability of the CBI to respond to any situation that would affect the economic stability in Iraq was today," thanks to "cash reserve higher who owns it. "
[You must be registered and logged in to see this link.]
