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New low of the Iraqi dinar against the U.S. dollar .. And an expert to rule out the return of the dollar price of the real thing!!
19/04/2012 BAGHDAD
/ not / still drown the Iraqi dinar against the dollar after hitting a remarkable decline against the greenback in the past few days. While Iraqi lawmakers felt that the reasons for the deterioration of the value of the dinar back to the smuggling of foreign currency out of the country, ruled out a financial expert in a telephone conversation with the "secrets news / not" on Wednesday, the dollar return to the real exchange rate against the dinar under the current circumstances.
While the promise of the Central Bank of Iraq in the near past to control the exchange rate, acknowledged that the problem of declining Iraqi dinar against the dollar due to the Iraq covers the needs of Syria and Iran of hard currency with expert said the money that the economic sanctions imposed on Iraq's neighboring countries will reflect negatively on the Iraqi economy. For his part, the Council of Ministers set up a committee to study the volatility made in the Iraqi dinar exchange rate and propose appropriate solutions to prevent damage.
Has been accompanied by other representative of the Commission discussed with the Central Bank of ways to preserve the value of the dinar. In spite of the revenue earned by Iraq, thanks to high oil prices, but that these returns did not protect the dinar from the dangers and threats of decline that may lead to loss of confidence of citizens in the national currency.
Expert money he has also said the central bank has worked hard during the past to keep the Iraqi dinar exchange rate against the dollar through monetary policy, which made the Iraqi dinar is stable at (1117) to the U.S. dollar, but he now has control of the local markets due to the presence of internal and external challenges have led to increase the value of the dollar against the dinar.
He added that the central bank increased its sales of hard currency "dollar" during the current year from (160) million dollars a day to (250) million dollars a day, and can not sell more than the amount specified current, as it will lead to the entry into force of the hard currency of the country, although that its presence supports the local currency as serve as a cover to it. End
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19/04/2012 BAGHDAD
/ not / still drown the Iraqi dinar against the dollar after hitting a remarkable decline against the greenback in the past few days. While Iraqi lawmakers felt that the reasons for the deterioration of the value of the dinar back to the smuggling of foreign currency out of the country, ruled out a financial expert in a telephone conversation with the "secrets news / not" on Wednesday, the dollar return to the real exchange rate against the dinar under the current circumstances.
While the promise of the Central Bank of Iraq in the near past to control the exchange rate, acknowledged that the problem of declining Iraqi dinar against the dollar due to the Iraq covers the needs of Syria and Iran of hard currency with expert said the money that the economic sanctions imposed on Iraq's neighboring countries will reflect negatively on the Iraqi economy. For his part, the Council of Ministers set up a committee to study the volatility made in the Iraqi dinar exchange rate and propose appropriate solutions to prevent damage.
Has been accompanied by other representative of the Commission discussed with the Central Bank of ways to preserve the value of the dinar. In spite of the revenue earned by Iraq, thanks to high oil prices, but that these returns did not protect the dinar from the dangers and threats of decline that may lead to loss of confidence of citizens in the national currency.
Expert money he has also said the central bank has worked hard during the past to keep the Iraqi dinar exchange rate against the dollar through monetary policy, which made the Iraqi dinar is stable at (1117) to the U.S. dollar, but he now has control of the local markets due to the presence of internal and external challenges have led to increase the value of the dollar against the dinar.
He added that the central bank increased its sales of hard currency "dollar" during the current year from (160) million dollars a day to (250) million dollars a day, and can not sell more than the amount specified current, as it will lead to the entry into force of the hard currency of the country, although that its presence supports the local currency as serve as a cover to it. End
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