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Economic: the high price of the dollar does not concern
Date: Thursday, 16.02.2012 8:49
Baghdad / term
economic expert, said Ismail Abdul Hussein that the high exchange rate of the dinar against the U.S. dollar during the current period is a natural phenomenon due to the great demand for hard currency. Said Abdul-Hussein, according to the Agency (news): The central bank in control of the mass of the cash raised in the local markets and fears of increasing the U.S. dollar against the dinar because the main control by the central bank.
He said Abdul Hussein: that the policy of the Central Bank of moving towards greater exchange rate of U.S. dollar against the dinar by reducing the dollar selling at auction the central bank, referring to the presence of significant demand for the dollar and withdrawn from local markets,
and considered the action taken by the bank a good and necessary at the present time to keep from running out of hard currency. Noting that if left dinar without control and follow-up in the local markets for the price of the U.S. dollar one in front of the dinar (1500) Dinars.
He explained: that the central bank is working to support the dinar against foreign currency through monetary policy.
It is noteworthy that the exchange rate of U.S. dollar has risen significantly in front of the dinar during the current period where the U.S. dollar reached one B (1230) JD, after the latter was conservative on the price against the dollar by (1200) dinars to the dollar.
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