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Economist ... After my eyes .. Of the issued and for the owners of well «Central»
Central Bank shall exercise the functions of traditional economics, has surprised us yesterday to exercise one of the most important of these functions, a function of macroeconomic stability, in short, this means here that the central act to amend the exchange rates of currency in the event of sharp fluctuations. Which he did quite the Central earlier this week, as he raised the price of the dinar against the dollar by 4 dinars, and by 3.4%, up to 1166 instead of 1170 dinars to the dollar.
He attributed this action to the central number of reasons, first that the official rate of the dinar is not commensurate with the purchasing power to him, the second assertion that the current account of payments in which Iraq's large surplus relative to GDP, in addition to the existence of large reserves of the central.
These reasons, although real, but the reasons for the background for this procedure is as we see, that the abrupt changes witnessed by the exchange rate of the dinar against the dollar in recent weeks as demand for the dollar and then rise in the price of significant levels, and reached more of 1230 dinars per dollar, This came as a result of the large external demand for the dollar, which also seems linked to the crisis taking place in each of the economies of Iran and Syria, as a result of sanctions and threats to the countries.
Central Bank gave initiate it this clear signals, each trying to affect the Iraqi dinar exchange rate and anyone who wants to speculate in dollars, he could control the dinar exchange rate and intervention at any moment and inject dollars enough to improve the exchange rate and rise him to any level desired.
Has traced some of the websites that traded during the last two days on "Iraqi dinar", and read some news that may seem funny for the last, so that one of them shows a declaration saying phrases such as "buy dinars, government current will raise the value of the currency will become of the rich."
It also declares one expert saying that "there are many who are selling the Iraqi dinar in the United States and they convince people that its value will rise to a hundred times!". I said to myself that the central bank; Although there are these expectations realistic funny, proves through this procedure Alastaqrara that there are "messages" in an economy can be sent to the public Mdharbeyen whether they are local or from foreign countries, the messages can do the do.
I remembered in this same regard, the recent statements of both Mr. Muqtada al-Sadr and Prime Minister Maliki that they respond to the commander of the Corps of Jerusalem, "Soleimani," about Iraq's submission to the will of Iran. Political and economic positions are identical, this time came, but all through its means, the central bank has to respond for changes to the exchange rate, and chest, and Maliki's remarks Soleimani they considered unacceptable interference .. Lived for many years "Aiedkm" all of us.
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Central Bank shall exercise the functions of traditional economics, has surprised us yesterday to exercise one of the most important of these functions, a function of macroeconomic stability, in short, this means here that the central act to amend the exchange rates of currency in the event of sharp fluctuations. Which he did quite the Central earlier this week, as he raised the price of the dinar against the dollar by 4 dinars, and by 3.4%, up to 1166 instead of 1170 dinars to the dollar.
He attributed this action to the central number of reasons, first that the official rate of the dinar is not commensurate with the purchasing power to him, the second assertion that the current account of payments in which Iraq's large surplus relative to GDP, in addition to the existence of large reserves of the central.
These reasons, although real, but the reasons for the background for this procedure is as we see, that the abrupt changes witnessed by the exchange rate of the dinar against the dollar in recent weeks as demand for the dollar and then rise in the price of significant levels, and reached more of 1230 dinars per dollar, This came as a result of the large external demand for the dollar, which also seems linked to the crisis taking place in each of the economies of Iran and Syria, as a result of sanctions and threats to the countries.
Central Bank gave initiate it this clear signals, each trying to affect the Iraqi dinar exchange rate and anyone who wants to speculate in dollars, he could control the dinar exchange rate and intervention at any moment and inject dollars enough to improve the exchange rate and rise him to any level desired.
Has traced some of the websites that traded during the last two days on "Iraqi dinar", and read some news that may seem funny for the last, so that one of them shows a declaration saying phrases such as "buy dinars, government current will raise the value of the currency will become of the rich."
It also declares one expert saying that "there are many who are selling the Iraqi dinar in the United States and they convince people that its value will rise to a hundred times!". I said to myself that the central bank; Although there are these expectations realistic funny, proves through this procedure Alastaqrara that there are "messages" in an economy can be sent to the public Mdharbeyen whether they are local or from foreign countries, the messages can do the do.
I remembered in this same regard, the recent statements of both Mr. Muqtada al-Sadr and Prime Minister Maliki that they respond to the commander of the Corps of Jerusalem, "Soleimani," about Iraq's submission to the will of Iran. Political and economic positions are identical, this time came, but all through its means, the central bank has to respond for changes to the exchange rate, and chest, and Maliki's remarks Soleimani they considered unacceptable interference .. Lived for many years "Aiedkm" all of us.
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