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Central Bank of Iraq runs on the face value of the collapse of the Iraqi dinar against the dollar
05/23/2012 - 09:47
The face value of the collapse of the Iraqi dinar against the dollar
Central Bank of Iraq, among the measures to address the erosion of the value of Iraqi dinar against the dollar by allowing the Rafidain and good government, to sell foreign currency at auctions directly to provide larger quantities of currency and meet the growing demand. , Deputy central bank governor stressed that the new measure has contributed to raising the dinar exchange rate expected to stabilize during the next few days.
says the appearance of Mohammed Salih, Deputy Governor of Central Bank of Iraq: to create diversity and competition went to the government banks and Sudnahm sufficient amounts of cash from the dollar to sell it to the citizen at auction plus ten dinars commission the bank this process pays the diversity of competition and break the monopoly and was therefore impact positively Banhfad price and the dinar fell about 7% to yesterday, the dinar fell 4% to be up to 2%, which Alastendr World acceptable and normal.
Albart the second
says the deputy governor of the central bank Bank approved measures to control the leakage of currency outside the country, including registered buyers and limit the sale to them ten thousand dollars per day maximum. adds the appearance of Mohammed Salih, Deputy Governor of Central Bank: Today customers are known 100% every customer enters the auction through banks identifier known ID of the tax ID of the commercial register and knew us .. Every citizen 10 000 dollars to allowed to carry in airports in the world because the instructions to the World citizen must not carrying cash cash foreign currency more than 10 thousand dollars. Albart third but these measures are an inadequate consideration of economic experts who pointed to the need to adopt strict security measures to prevent the exit of hard currency out of the country. follow Bassem Jamil Antoine Economist: when demand increases more than expected if there is a gap and increase the supply of the dollar reduces the problem but must be coupled with security measures and control measures to prevent leakage and exit of the dollar to other destinations. conclusion of the report , according to specialists, the action the central bank increase the supply of the dollar did not increase the exchange rate of the dinar, but came to address the gap of inflation, which took a broad in the last period, as well as trying to prevent the monopoly of the dollar banking companies and the transfer in order to take advantage of the price difference Exchange rates
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