Economist: high exchange rate of the dollar against the dinar is a natural phenomenon does not raise concerns

[BBalls]

Economist: high exchange rate of the dollar against the dinar is a natural phenomenon does not raise concerns

On: Wednesday 02/15/2012 13:57

Baghdad (news) .. According to the economist, Ismail Abdul Hussein that the high exchange rate of the dinar against the U.S. dollar during the current period is a natural phenomenon due to the great demand for hard currency.

Said Abdul-Hussein (of the Agency news) on Wednesday: The central bank in control of the mass of the cash raised in the local markets and fears of increasing the U.S. dollar against the dinar because the main control by the central bank.

He pointed out: that the central bank policy now tended to increase the exchange rate of U.S. dollar against the dinar by reducing the dollar selling at auction the central bank to the presence of significant demand for the dollar and withdrawn from local markets, considering the action taken as good and necessary for the time being to keep the hard currency of force.

He added, if left without control of the dinar and follow-up in the local markets for the price of one U.S. dollar against the dinar (1500) JD, explaining that the Central Bank is working to support the dinar against foreign currency through monetary policy.

The exchange rate of U.S. dollar rose significantly against the dinar during the current period where the U.S. dollar reached one B (1230) JD, after the latter was conservative on the price against the dollar by (1200) dinars to the dollar. / Finished / 8. D. Q /

http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fikhnews.com%2F

[cbisinger]

Economist: high exchange rate of the dollar against the dinar is a natural phenomenon does not raise concerns

On: Wednesday 02/15/2012 13:57

Baghdad (news) .. According to the economist, Ismail Abdul Hussein that the high exchange rate of the dinar against the U.S. dollar during the current period is a natural phenomenon due to the great demand for hard currency.

Said Abdul-Hussein (of the Agency news) on Wednesday: The central bank in control of the mass of the cash raised in the local markets and fears of increasing the U.S. dollar against the dinar because the main control by the central bank.

He pointed out: that the central bank policy now tended to increase the exchange rate of U.S. dollar against the dinar by reducing the dollar selling at auction the central bank to the presence of significant demand for the dollar and withdrawn from local markets, considering the action taken as good and necessary for the time being to keep the hard currency of force.

He added, if left without control of the dinar and follow-up in the local markets for the price of one U.S. dollar against the dinar (1500) JD, explaining that the Central Bank is working to support the dinar against foreign currency through monetary policy.

The exchange rate of U.S. dollar rose significantly against the dinar during the current period where the U.S. dollar reached one B (1230) JD, after the latter was conservative on the price against the dollar by (1200) dinars to the dollar. / Finished / 8. D. Q /

http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fikhnews.com%2F

Eh! its 1166 where did these crazy figures come from?

[Alex38]

maybe a recycled article from 2003?

[tamiflyer]

These are "Market prices" not the CBI prices. I also noticed that they mentioned "B (1230) JD." I wonder if it is just pure mirror here. The market price, according to the CBI, reached 1240, not 1230. Thank you for your post. GLTA and Go RV.

[zigmeister]

These are "Market prices" not the CBI prices. I also noticed that they mentioned "B (1230) JD." I wonder if it is just pure mirror here. The market price, according to the CBI, reached 1240, not 1230. Thank you for your post. GLTA and Go RV.

Wasn't you Tami that mentioned the market price is really the one to be watching?

[tamiflyer]

Wasn't you Tami that mentioned the market price is really the one to be watching?

That's right Zig. Either this article is slow or just plain mirror. The market has reached at 1240, not 1230 like it states. The mirror is why is the writer using JD to make it sound like Jordanian Dinar. This confuses me and probably alot of folks here too. Thanks for your post. GLTY and All. Go RV.