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The political motives of the withdrawal of the dollar increase
25-03-2012 09:30 AM
Are free -
Warned a member of the Finance Committee MP / National Alliance / Abdul-Hussein al-Yasiri of increased demand to buy the U.S. dollar as a result the deteriorating security situation in neighboring countries, and urged not to reduce the dollar selling at auction the central bank when increasing the demand for buy to keep the value of the dinar against the dollar.
Yasiri said (of the Agency news) on Saturday: The increase in demand for dollar you get a result of a politically motivated or a war in a particular country, that generates a kind of propaganda for the people that the currency will fall or fall, setting off a process of withdrawing dollars from its neighboring countries as an international currency handled by all States.
He added, can not reduce the sale of the U.S. dollar at an auction at the Central Bank increased the demand to buy it, to keep the Iraqi dinar exchange rate against the dollar, and if reduced to sell will increase its value against the dinar.
He favored the parliamentary finance committee member: the high exchange rate of U.S. dollar against the Iraqi dinar in the coming period in the event of continuing the process of withdrawing foreign currency from local markets without further action by the Central Bank of procedures through the sale of the dollar in the auction.
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