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Central is to reduce the value of the dinar against the dollar in the coming days
Date: Monday 12/03/2012 18:42
Baghdad: Citizen
According to a member of the Finance Committee Faleh parliamentary force, that the companies registered in the Iraqi market for securities is the main reason for the high value of the dollar against the dinar, pointing out that the central bank has promised to reduce its value in the next few days. He said in effect, in a press statement on Monday that «the Central Bank is responsible for fiscal policy and therefore obligated to take measures and controls to preserve the value of Iraqi dinar», adding that «the recent Bank procedures do nothing to raise the value of Iraqi dinar .. To inquire about this I called the Governor of the Central Bank and told me that the procedures developed but not implemented by 100% and the promise of its application in the coming days which will see a significant decline after the value of the U.S. dollar against Iraqi dinar ». He continued in force, that «the companies registered with the Iraqi market for securities is the main reason for this is because they trade in their share of the dollar that you receive from the bank by selling the currency instead of buying goods,». He ruled out a member of the Finance Committee to decrease the value of the U.S. dollar significantly or return as it was. And the decline of the Iraqi currency exchange rate in a banner during the past few days against foreign currencies, particularly the U.S. dollar which raised concerns among the citizens of the continuing decline. And Some attribute this decline to the resort Central Bank of Iraq to implement more stringent measures in the recent past on the sales of hard currency, especially the dollar, which has led to a lack of circulation of U.S. currency in the markets and increase demand and thereby increase its value against the dinar, but others believe that currency's decline is due mainly to the withdrawal of America and the growing divide between politicians, threatening the stability of the country.
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Date: Monday 12/03/2012 18:42
Baghdad: Citizen
According to a member of the Finance Committee Faleh parliamentary force, that the companies registered in the Iraqi market for securities is the main reason for the high value of the dollar against the dinar, pointing out that the central bank has promised to reduce its value in the next few days. He said in effect, in a press statement on Monday that «the Central Bank is responsible for fiscal policy and therefore obligated to take measures and controls to preserve the value of Iraqi dinar», adding that «the recent Bank procedures do nothing to raise the value of Iraqi dinar .. To inquire about this I called the Governor of the Central Bank and told me that the procedures developed but not implemented by 100% and the promise of its application in the coming days which will see a significant decline after the value of the U.S. dollar against Iraqi dinar ». He continued in force, that «the companies registered with the Iraqi market for securities is the main reason for this is because they trade in their share of the dollar that you receive from the bank by selling the currency instead of buying goods,». He ruled out a member of the Finance Committee to decrease the value of the U.S. dollar significantly or return as it was. And the decline of the Iraqi currency exchange rate in a banner during the past few days against foreign currencies, particularly the U.S. dollar which raised concerns among the citizens of the continuing decline. And Some attribute this decline to the resort Central Bank of Iraq to implement more stringent measures in the recent past on the sales of hard currency, especially the dollar, which has led to a lack of circulation of U.S. currency in the markets and increase demand and thereby increase its value against the dinar, but others believe that currency's decline is due mainly to the withdrawal of America and the growing divide between politicians, threatening the stability of the country.
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