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Expert: recent central policy will support the stability of the dinar exchange rate
10/06/2012 12:00 am
BAGHDAD - morning
attributed the economic expert Manaf Al Sayegh, the reasons for the recent actions of the Central Bank to raise quota price of Iraqi banks for the currency, to stabilize the exchange rate of the dinar against the dollar.
Sayegh said: that the central bank develop new measures to increase quota prices for the currency in Iraqi banks and make the currency market as a result of free market stability and balance the exchange rate of the Iraqi dinar against the U.S. dollar in the local market, indicating that the quota imposed on currency prices in banks previously when the price of the dollar against dinar. Sayegh added that the central bank to impose restrictions on the sale of the currency in Iraqi banks when increased demand for the dollar and increased its value against the dinar, ماجعلها successful actions have achieved a balance in the currency.
stressing that the policy of the Central Bank reduced the difference between the price of the two currencies in the money market and the price of the currency at the Central Bank, adding that the exchange rate of the dinar against the dollar has become parallel and the percentage difference between the two estimates (2 percent).
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