On: Wednesday 18/07/2012 11:01
Baghdad (news) .. Said economic analyst cute Abdel Salem Ugaili, the ability of the central bank to devalue the U.S. dollar against the Iraqi dinar in the coming period, and expected stability to the price (1189) Dinars.
said Ugaili (of the Agency news) on Wednesday: that monetary policy in the country is facing major challenges by neighboring states, especially thatexposed to the economic blockade of an international like Syria and Iran, and the Central Bank has proved its success and its ability to preserve the value of national currency in lost these pressures. He pointed to: that Syria and Iran have used various means, whether legal or illegal to obtain hard currency "dollar "from Iraq, but the central bank through its monetary policy and plans dominated the process of drawing the increasing of the dollar and the creation of quasi-equilibrium in the volumetric supply and demand for the dollar in the market. He added that the central bank strives to reduce the value of the dollar against the dinar is more in the coming period, perhaps up to the price (1189), which aspires to a central, and maintain the stability of the dinar. and see the dollar exchange rate increased significantly against the dinar during recent times. has allowed the Central Bank's (25) private banks to sell the dollar according to certain controls, and gives each bank a week million and ( 250) thousand dollars at the (1179) and sold to citizens at (1189) that the ratio of profit for banks (10) dinars, to create a balance between the amount of currency offered and size of the growing demand to maintain the value of the dinar against the dollar, in time, which is still the exchange rate ranging from (1240 - 1250) dinars per dollar. / Finished / 8. d. Q /
Source: ikhnews
