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Parliament: the depreciation of the dinar exchange a few dollars to the Central Sales
On: Saturday 07/04/2012 9:26
Baghdad / range
attributed the parliamentary finance committee member Abdul-Hussein al-Yasiri reasons for the low exchange rate of the dinar against the dollar to the lack of central bank sales of the dollar in the auction, despite the presence of a huge demand to buy it. Yasiri said, according to the Agency (news):
The currency is a commodity applies the law of supply and demand, the higher the demand for the purchase will increase its price and vice versa as well.
The Yasiri: The increase in the exchange rate of the dollar against the dinar recently due to the increased demand to buy the dollar, creating a kind of fear in the Central Bank to increase withdrawal of the dollar and drained from the local markets, and this is what prompted him to reduce the sales of the dollar in the market for auction. He noted that the central bank has a new mechanism successfully followed for control of the local markets deterioration of the local currency against foreign currencies, confirming the presence of some people trying to reduce the dinar exchange rate by increasing the display in the market and the appetite for U.S. dollar, that's what makes the dinar exchange rate is low against the dollar.
be ruled out that the deterioration of the currencies of neighboring countries, the impact on the dinar through lower price against the dollar that the local currency independent and not related to other currencies Altoman whether Iranian or the Syrian pound.
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