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Banker: declining dollar speculators sought good value of the Iraqi dinar
2012-11-17 13: 16: 46
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Baghdad (IBA). North Bank Adviser returned to finance and investment NAFI Elias Abbou, the depreciation of the dollar against the Iraqi dinar to the dollar kept traders from buying for fear of falling price versus the more dinar demand and improve the value of the Iraqi dinar.
He said Abbou to independent press Association (IBA): review request of speculators on the dollar to make the value of the Iraqi dinar rises against the US dollar, reflecting the Central Bank's actions: increase the width of the dollar and give wide powers for banks to sell the dollar made the dinar improved and display more dollar.
He added that the Central Bank give banks power to sell 5000 u.s. dollars to each citizen to make banking arena Outlook imbued with the dollar and lack of demand for the dinar dinar and undo the dollar value declined request to Iraqi dinar.
And continued expectations of speculators Abbou, the falling dollar made them more reluctant to keep and make its value goes down before the dinar will contribute to the improvement of the country's currency.
North Bank adviser: security and the disorders of Central Bank staff did not affect the exchange rate of the dinar, the Bank continued to practice the weekly auction without any retreat.
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Banker: declining dollar speculators sought good value of the Iraqi dinar
2012-11-17 13: 16: 46
[-] The text of the [+]
Baghdad (IBA). North Bank Adviser returned to finance and investment NAFI Elias Abbou, the depreciation of the dollar against the Iraqi dinar to the dollar kept traders from buying for fear of falling price versus the more dinar demand and improve the value of the Iraqi dinar.
He said Abbou to independent press Association (IBA): review request of speculators on the dollar to make the value of the Iraqi dinar rises against the US dollar, reflecting the Central Bank's actions: increase the width of the dollar and give wide powers for banks to sell the dollar made the dinar improved and display more dollar.
He added that the Central Bank give banks power to sell 5000 u.s. dollars to each citizen to make banking arena Outlook imbued with the dollar and lack of demand for the dinar dinar and undo the dollar value declined request to Iraqi dinar.
And continued expectations of speculators Abbou, the falling dollar made them more reluctant to keep and make its value goes down before the dinar will contribute to the improvement of the country's currency.
North Bank adviser: security and the disorders of Central Bank staff did not affect the exchange rate of the dinar, the Bank continued to practice the weekly auction without any retreat.
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