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Hassan Auzmn: withdrawal from the currency market speculators good rate of the dinar against the dollar

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Hassan Auzmn: withdrawal from the currency market speculators good rate of the dinar against the dollar
2012-11-18 14:30:03
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BAGHDAD (Iba) .. Considered a member of the Finance Committee MP good Auzmn, improve the value of the Iraqi dinar against the U.S. dollar is for a temporary period will expire by the end fears of speculators continued fall of the dollar, stressing: that the decline in the dollar against the dinar came for the withdrawal of speculative demand for the dollar.

And said Auzmn told the independent press (Iba): The recent security measures against the Central Bank to make speculators fear buying dollars they believe that the dollar will fall more, pointing out: that security measures against the bank is not impressive on the currency rate.

And confirmed: that the decline in the value of the dinar against the dollar came as a result of economic measures of the Central Bank and the good management, which seized control of the exchange rate of the dinar against the dollar and the withdrawal of speculators from the market the central bank.

He continued: components of the change in the currency exchange rate is supply and demand governance and the work of speculators in the currency market.

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