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Central bank: the high price of the dollar will affect the Bank reserves
Sunday, December 15 2 / January 2012 15:07 | Author: rad | | |
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BAGHDAD / With: Description of the Central Bank of Iraq marked increase in the price of the dollar for the sale and purchase against the Iraqi dinar (b fierce attack) on the currency in Iraq, stressing that the continued rise will impact negatively on bank reserves from the dollar.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh, a reporter for the future, news agency on Sunday that: "The rise in the price of the dollar was expected", describing the rise of "quasi-attack on the currency."
He continued that "the rise in dollars during this period may be to fund the needs not of the Iraqi economy, but needs outside of the Iraqi economy, given that the markets are crowded with durable goods, which extends in turn to three years or five years, and therefore this request is to finance the goods and services is beyond the capacity of the Iraqi economy."
He stressed that "the rise will affect the central bank reserves," noting that "the central bank has control over the liquidity of the mechanisms studied such as the withdrawal of any dinars in the market there must be out of dollars and this is the case of the balance sheet of the Central Bank, which is essentially the one", He explained that "the impact of the high dollar will be clear as should be withdrawn any dollars matched by the stability of the Iraqi dinar." (finished)
Marwan Shuwaili
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Sunday, December 15 2 / January 2012 15:07 | Author: rad | | |
User Rating: / 0
Weak Good
BAGHDAD / With: Description of the Central Bank of Iraq marked increase in the price of the dollar for the sale and purchase against the Iraqi dinar (b fierce attack) on the currency in Iraq, stressing that the continued rise will impact negatively on bank reserves from the dollar.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh, a reporter for the future, news agency on Sunday that: "The rise in the price of the dollar was expected", describing the rise of "quasi-attack on the currency."
He continued that "the rise in dollars during this period may be to fund the needs not of the Iraqi economy, but needs outside of the Iraqi economy, given that the markets are crowded with durable goods, which extends in turn to three years or five years, and therefore this request is to finance the goods and services is beyond the capacity of the Iraqi economy."
He stressed that "the rise will affect the central bank reserves," noting that "the central bank has control over the liquidity of the mechanisms studied such as the withdrawal of any dinars in the market there must be out of dollars and this is the case of the balance sheet of the Central Bank, which is essentially the one", He explained that "the impact of the high dollar will be clear as should be withdrawn any dollars matched by the stability of the Iraqi dinar." (finished)
Marwan Shuwaili
[You must be registered and logged in to see this link.]
