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The central bank ruled out the return of the dinar to its natural position due to increased demand for the dollar

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carpentersr


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The central bank ruled out the return of the dinar to its natural position due to increased demand for the dollar.

Ruled out the Central Bank of Iraq return dinar to normal, due to increased demand on the dollar.
Deputy Governor of Bank of the appearance of Mohammed Saleh, said 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."
said "The 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 dollars."
He said, "This will make the Iraqi dinar is unable to restore normal, except in the case of government control over the amount of money that comes out of the difficult country. "

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TheRock


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The rate at which the USA has been rising over the past 12 days it is no surprise why the Iraqi's would want to use it instead of the IQD. I would do the same. It is also a bad sign for the USA and Europe. Europe has gone into another recession and it is expected we will also in early 2013 with the Bush tax breaks going away and the Government extending unemployment benefits. The rate at which the USA is rising is not good. Another storm is coming so plain accordingly now. It is not doom and gloom, just facts that have been presenting itself recently. The best part of it is the bottom will truly be reached and long term investment will be plentiful. We are in a good position when this investment comes.

Reflection


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I hope your right Rock.....and i hope its very soon. I've been at rock bottom for a long time now, so I'm more than ready. Laughing

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