Directs the Council of Ministers set up a committee to study the fluctuation of the exchange rate of the dinar and the central bank denies intention to stop the auction currency
11 April, 2012 12:39:00
Instructed the Council of Ministers today to set up a committee to study the fluctuation of the exchange rate of Iraqi dinar and propose appropriate solutions to prevent damage.
A statement by the prime minister received a copy of it Fayhaa Wednesday that the cabinet face to form a committee to study the fluctuation of the Iraqi dinar exchange rate for the purpose of proposing appropriate solutions to prevent harm. "
Central Bank of his part, denied his intention to stop the auction currency, said the deputy governor of the Central Bank of the appearance of Mohammed Saleh, said that the bank is still going to hold daily Mzhadath aimed at creating a balance of price between the dollar and the dinar.
He noted the benefit according to a statement that the Central Bank of touch recently mismatch between the needs of the market from the dollar and what is being purchased in daily auctions of the coin, which invited him to look for reasons for this popularity is not reasonable to buy the dollar at a time does not need the size of the exchanges, only a quarter of what is pumped from the dollar.
Denied the benefit of the bank's determination to stop the currency auctions, explaining that the action taken in seeking to identify those who can participate in these auctions, which can be used from the dollar amounts sold in daily business operations of the private sector effectively.
In the view of many economists that speculative currency are behind the rise in the dollar exchange rate, confirming that the central has all possibilities to keep the policy in this direction, something that the whole by a number of experienced and view, emphasizing gravity of the Iraqi economy as much as it came to an abundance of foreign currency They pointed out that all market participants have complete confidence in monetary policy in the country. also called on the Economic Commission representative, the central bank to intervene to keep the Iraqi dinar exchange rate against foreign currencies, as he said, the Commission's decision Mahma Khalil: He made contact with the Central Bank Governor Sinan Shabibi and asked him to take urgent action in order to keep the exchange rate of the Iraqi dinar against foreign currency.
This witness and the exchange rate of the dinar against the dollar rose, reaching a commercial rate of the dinar against the dollar yesterday 1320. Prompting the government and the central bank to reinforcing the measures taken to control the exchange rate at the time of the House of Representatives decided to climb the central bank governor Sinan Shabibi, which in turn causes attributed the rise to regional events and several other reasons.
[You must be registered and logged in to see this link.]4987.html
Yesterday at 8:37 pm by ikea
» The Governor of the Central Bank meets with the Vice President of JPMorgan Bank
Yesterday at 6:47 pm by ikea
» Iraq saves the dollar and invests in gold
Thu Jun 08, 2023 3:53 am by ikea
» The Central Bank hints at the possibility of canceling some fines on banks
Thu Jun 08, 2023 2:28 am by ikea
» World Bank: Iraq's GDP growth declined by 1.1%
Thu Jun 08, 2023 1:26 am by ikea
» The head of securities reveals the reasons for the fluctuation of the exchange rate of the dollar and what will happen after the approval of the budget
Thu Jun 08, 2023 12:12 am by ikea
» Warnings of running out of Iraqi cash reserves due to indicators of the international economy
Wed Jun 07, 2023 8:52 pm by ikea
» Iraq expands electronic payment outlets "pos"
Wed Jun 07, 2023 4:38 am by ikea
» Consumption pattern in the Iraqi economy
Wed Jun 07, 2023 3:32 am by ikea
» Iraq is on the verge of a commercial "paradigm shift" with the Gulf countries through the National Bank of Iraq
Tue Jun 06, 2023 8:06 pm by ikea
» Prime Minister: The development road is a large and ongoing project that will include the largest industrial city in the Middle East
Tue Jun 06, 2023 6:39 pm by ikea
» Al-Sawani: The private sector is capable of addressing the housing crisis
Tue Jun 06, 2023 5:59 pm by ikea
» Foreign reserves and gold
Tue Jun 06, 2023 4:36 pm by ikea
» Mazhar Saleh: The World Bank starts from the rentier of the Iraqi economy
Tue Jun 06, 2023 12:07 am by ikea
» Oriented towards reforming the tax system and maximizing revenues
Mon Jun 05, 2023 11:53 pm by ikea