Home
Central bank: the high price of the dollar bubble will disappear gradually
Author: HM Editor: GS | HAH Wednesday 11 نيسان 2012 13:02 GMT
[You must be registered and logged in to see this image.]
Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh
Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh
Alsumaria News / Baghdad,
attributed the Central Bank of Iraq, Wednesday, reasons for the high dollar exchange rate against the Iraqi dinar in the local markets to increase demand significantly, while the height was considered a "bubble will disappear gradually", he warned that its reserves of hard currency will be unimportant In the event of continuing high demand for hard currency.
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in an interview for "Alsumaria News", "The Bank has become a market-funded trade of neighboring countries and pumping is finished," attributing the reasons for the high exchange rate of the dollar against the Iraqi dinar in the market local withdrawals of large and abnormal during the hearings conducted by the day, " Saleh said that "this increase in the local market a bubble will disappear gradually," noting that "the bank has procedures to ensure that dispel the bubble by searching on the students the real currency of the citizens to meet the Iraqi economy, and not ghosts and unknown. "
and warned the benefit of that "the central bank's reserves of hard currency will be non-significant despite the size of these reserves in the event of continuing high demand for hard currency," asserting that "there is an increasing demand for hard currency for the benefit of economies of other countries. " The Cabinet-face, on Wednesday (April 10, 2012), to form a committee to study the fluctuation of the exchange rate of Iraqi dinar to provide appropriate solutions to prevent harm to the national economy.
and increased exchange rate of the dollar against the Iraqi dinar in the local markets to 1320 dinars per dollar after it was last week's 1230 dinars, and 1180 dinars over the past year 2011. revealed the Iraqi Central Bank (January 6, 2012) on the rise in foreign currency reserves to 60 billion dollars for the first time in the history of Iraq, up from its reserves in 2010 may reached $ 58 billion. The Central Bank of Iraq holds daily sessions for buying and selling foreign currencies with Iraqi banks that fund the traders from the private sector, excluding public holidays on which depends the World Bank for these auctions, and the sales either in cash, or in the form of money orders sold out for a commission of certain.
[You must be registered and logged in to see this link.]
Author: HM Editor: GS | HAH Wednesday 11 نيسان 2012 13:02 GMT
[You must be registered and logged in to see this image.]
Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh
Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh
Alsumaria News / Baghdad,
attributed the Central Bank of Iraq, Wednesday, reasons for the high dollar exchange rate against the Iraqi dinar in the local markets to increase demand significantly, while the height was considered a "bubble will disappear gradually", he warned that its reserves of hard currency will be unimportant In the event of continuing high demand for hard currency.
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in an interview for "Alsumaria News", "The Bank has become a market-funded trade of neighboring countries and pumping is finished," attributing the reasons for the high exchange rate of the dollar against the Iraqi dinar in the market local withdrawals of large and abnormal during the hearings conducted by the day, " Saleh said that "this increase in the local market a bubble will disappear gradually," noting that "the bank has procedures to ensure that dispel the bubble by searching on the students the real currency of the citizens to meet the Iraqi economy, and not ghosts and unknown. "
and warned the benefit of that "the central bank's reserves of hard currency will be non-significant despite the size of these reserves in the event of continuing high demand for hard currency," asserting that "there is an increasing demand for hard currency for the benefit of economies of other countries. " The Cabinet-face, on Wednesday (April 10, 2012), to form a committee to study the fluctuation of the exchange rate of Iraqi dinar to provide appropriate solutions to prevent harm to the national economy.
and increased exchange rate of the dollar against the Iraqi dinar in the local markets to 1320 dinars per dollar after it was last week's 1230 dinars, and 1180 dinars over the past year 2011. revealed the Iraqi Central Bank (January 6, 2012) on the rise in foreign currency reserves to 60 billion dollars for the first time in the history of Iraq, up from its reserves in 2010 may reached $ 58 billion. The Central Bank of Iraq holds daily sessions for buying and selling foreign currencies with Iraqi banks that fund the traders from the private sector, excluding public holidays on which depends the World Bank for these auctions, and the sales either in cash, or in the form of money orders sold out for a commission of certain.
[You must be registered and logged in to see this link.]
