On: Sunday 02-12-2012 19:27
A dollar crisis in the face of the Iraqi dinar
BAGHDAD - Alaa Fadel
At the time ruled by parliamentary Finance Committee depreciation Iraqi dinar in the presence of the growing demand for dollar buying from auction of the Central Bank said economic expert said the growing demand for the dollar will lead to instability of the market and therefore will be affected by the Iraqi dinar this aspect. Expert said Saleh Jameel's (Citizen): "The Iraqi dinar will be influenced by the growing demand for the dollar because of the instability of the market." "The sacking Shabibi although their effects on central bank policy, but the deal in the daily auction of currency going according to pattern the past." explaining "that the measures that have been taken in this regard after the sacking Shabibi was minor. "He continued," It is the most prominent reasons demand for the dollar concern dealers where the developments that have occurred in the central bank recently. "adding that" the situation is stable in the country and neighboring countries have significant impacts on the stability of the dollar . "calling at the same time to" the need to put an end to the dollar crisis by finding ways and realistic in this regard. "For his part, member of the Finance Committee Abdul Hussein al-Yasiri Sunday: The objective of the work auction for the sale of hard currency at the central bank to achieve the principle of balance between the supply dollar demand to buy, when increased demand are displayed an equal amount of the request in order to preserve the value of the dinar against the dollar. added: Growing demand to buy the dollar, which witnessed central bank auction during the current period does not affect the Iraqi dinar exchange rate. confirmed: that the House of Representatives committed Central Bank to maintain the value of the dinar and foreign exchange reserves of the dollar, after the disclosure of recent violations in the work of public auction for the sale of hard currency. attested auction the central bank is an increasing demand to buy the dollar, after the recent reforms done to manage the central bank recently.