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Deputy central bank governor denies the government's accusations that the auction and the reasons behind the low exchange rate of the dinar
Thursday, April 12 / April 2012 19:12
Baghdad {: News} Euphrates denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh accused adviser to Prime Minister Mohammed Fadhil of the Central Bank that the auction procedures to sell the dollar is the reason for the low exchange rate of the Iraqi dinar.
He was an adviser to Prime Minister Fadel Muhammad accused the central bank Penh reason for the decline in the Iraqi dinar exchange rate against the U.S. dollar tractor auction procedures followed by the central bank to sell foreign currency.
Saw the Iraqi dinar exchange rate declined significantly over the past few days against the U.S. dollar to reach in local markets to 128.5 thousand dinars for the paper category percent dollars.
Mohammed told the News} {Euphrates today that "the monetary policy pursued by the central bank thought a good way and that every step is subject to a thorough examination on the foot so that the move has no impact on the economic reality of the country."
"The decline in the price of the Iraqi dinar against foreign currencies are not related to the issue of public auction to the U.S. dollar by the Central Bank", indicating that monetary policy in Iraq is exposed to a lot of pressure and very powerful. "
He called for "an adviser to Prime Minister to look for the real reasons behind the decline in exchange rates of the dinar against the U.S. dollar and not blame the central bank."
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