On: Tuesday 07/24/2012 19:36
More Iraqi news jibber jabber
. July 28 2012
BAGHDAD - A citizen
said financial expert, Mohsin Ali, the presence of internal and external factors control the increase of the exchange rate of U.S. dollar against the Iraqi dinar, saying, that the Central Bank and the Iraqi Stock Exchange does not bear a reason for that. Ali said in a press statement on Tuesday: The Central Bank is working hard since year (2003) to increase the value of the Iraqi dinar against the U.S. dollar and keep its price for a long time, but the exchange rate of U.S. dollar against the dinar a result of internal factors that have occurred recently in the country Kalnsaat the political and the U.S. withdrawal and other factors external is of economic sanctions and international threats to neighboring countries. He added, can not one that carries the responsibility of the cause of high exchange rate of U.S. dollar during the current period, whether the central bank or the Iraqi Stock Exchange, because it is a phenomenon that occurs in all countries of the world that went through the same circumstances that fought Iraq in the current period. The Finance Committee, the parliamentary carried the cause of high value of the dollar against the Iraqi dinar to companies registered in the Iraqi market for securities as a result Mtagertha in its share of the dollar that you receive from the bank by selling the currency instead of buying them for goods and cargo. and declining exchange rate of the Iraqi currency in a banner during the past few days against foreign currencies, especially the dollar, What has raised concerns of citizens of the continuing decline, and attribute some of this decline to the resort's central bank to implement more stringent measures in the recent past regarding its sales of hard currency, especially the dollar, which has led to a lack of circulation of U.S. currency in the markets and increase demand and therefore high value against the dinar, but others believed that the currency's decline is due mainly to the U.S. withdrawal from Iraq and the growing political divisions that threaten the stability of the country and weaken confidence in national currency.
