Deputy Central Bank Governor: can not reduce the exchange ra

[Stillw8n]

Deputy Central Bank Governor: can not reduce the exchange rate of the dollar against the dinar lost two points in the increase of import of goods random

Ruled out the deputy governor of the Central Bank of the appearance of Mohammed Saleh low exchange rate of U.S. dollar against the Iraqi dinar at least two points in the coming days due to increased random uncontrolled import of goods.

Saleh said (of the Agency news) on Wednesday: The central bank sales during the current year has increased by $ (100) million, relative to last year, the sales (150) million dollars a day despite the fact that the market was stable, adding that the sales Central Bank in the auction are now (250) million, equivalent to (73) trillion Iraqi dinars per day and still the U.S. dollar exchange rate higher than the price of the Iraqi dinar colon.

He added that the policy of the central bank this year tended to increase in dollar sales at auction the central bank to (250) million dollars in order to maintain the stability of the Iraqi dinar exchange rate against the U.S. dollar, pointing out that the dollar exchange rate recorded two points in front of the Iraqi dinar, and for this Can not the Central Bank that the increase of sales during the coming period to restore the Iraqi dinar against the dollar.

Saleh pointed to: that the increased import of indiscriminate and uncontrolled goods, mostly poor origin, played a major role in the high exchange rate of U.S. dollar during the current year compared to previous years due to lack of a law regulating the import and trade in Iraq, calling for “close the doors of the state open to the import the outside, “respect for the trading system in the country, to save the local currency before the decline of foreign currencies.

The sale price of the U.S. dollar in the domestic market during the current period (1240) Iraqi dinars, while the purchase price (1230) Iraqi dinars per dollar, an American one.

http://bit.ly/AruOC6

[Stillw8n]

The Deputy Governor of the Central Bank: dollar exchange rate cannot be reduced to two dinars in strayed further indiscriminate importation of goods


14-03-2012

Deputy Central Bank Governor Mohammad Saleh appearance low price of US dollar to Iraqi dinar by at least two points in the coming days due to increased uncontrolled indiscriminate importation of goods.

He said Saleh (News Agency news) on Wednesday: Central Bank sales during the current year has increased by $ 100 million dollars, compared to last year’s sales (150) million dollars a day, although the market was stable, indicating that the Central Bank sales in auction now (250) million dollars equivalent (73) trillion Iraqi dinars per day and still US dollar Iraqi dinar rate high with two points.

He added: the policy of the Central Bank in this year tended to increase sales of the dollar in the Central Bank auction (250) million dollars in order to maintain the stability of the dinar to the dollar, pointing out that the dollar recorded a colon before the Iraqi dinar, and the Central Bank could not to increase its sales in the coming period to restore Iraqi dinar against the dollar.

Saleh noted that increasing indiscriminate import: and uncontrolled goods, mostly poor origin, played a major role in the high exchange rate of the US dollar during the current year compared to previous years due to the lack of a law regulating the import and trade in Iraq, calling for “close the doors open to import external State, respect for the country’s trade regime, to save the national currency from foreign currencies decline.

The sale price at local markets, the US dollar during the current period (1240) Iraqi dinars, while the purchase price (1230) Iraqi dinars per dollar.

http://bit.ly/yzSRaM