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Central Bank: the dinar will not recover until after the leak check of the hard currency outside
Ruled out the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the return of Iraqi dinar to normal, due to increased demand on the dollar, noting that the average central bank sales of foreign currency amounted to (200) million and the volume of demand to buy an estimated half a billion dollars.
Saleh added ( Agency news) on Wednesday that demand for the dollar auction the central bank is increasing every day without knowing why, the volume of demand for dollar estimated half a billion dollars and the average sales of the central (200) million, which will make the Iraqi dinar is unable to restore normal , except in the case of government control over the amount of money the hard out of the country.
He explained that the state you enter a foreign currency into the country through oil sales only, while the market is the one who directed those currencies abroad, which led to the lack of economic balance in the country , in addition to the Iraqi environment is attractive for investment and for the entry of foreign currency due to political instability and internal problems continued.
said there was no economic philosophy is evident in the country to control the borders and prevent the depletion of foreign currency, in addition to the absence of an economic policy that makes fiscal revenues variety of the Iraqi economy and not from a single supplier only.
Wednesday, May 16, 2012
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