Financial Expert: Withdrawal to reduce the dinar exchange ra

[Stillw8n]

Financial Expert: Withdrawal to reduce the dinar exchange rate

The future of Iraq / Baghdad, most likely an expert and a member of the Finance Committee representative, the stability of the dinar exchange rate against the dollar in the next phase, attributing the causes of its decline to the U.S. withdrawal and pumping dollars into the market by the Central Bank.

said Abdul Hussein al-Yasiri in a press statement that “the disparity in the price the dinar against the dollar, subject to supply and demand in the domestic market, the central bank has a policy to control the exchange rate of the dinar against the dollar through the daily auction, when the see the dinar has fallen against the dollar, who shall the Central Bank to sell huge amounts of dollars in the auction, and vice versa.
“He Yasiri that “the low price of the dinar against the dollar in the last period due to the withdrawal of the U.S. military from Iraq, which had Iraqi currency, he bought a dollar from the local market has become in high demand on the dollar.”

He pointed out that “political problems that have occurred during this period have a role also through a lot of traders to buy dollars in anticipation of trouble in the country. “The price of the Iraqi dinar reached during the last week (1260) dinars per dollar.

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