Central accuse speculators damaged the Iraqi dinar currency

[alan_coaks_3]

4 - 13 - 2012

Twilight News / accused the central bank, Friday, speculators in the currency market attempts of illicit enrichment through the exploitation of crises experienced by some neighboring countries and the smuggling of hard currency to it that are harmful to the value of Iraqi dinar, saying that the value of the last strong for having an enormous reserve of the U.S. dollar.

The deputy governor of the Central Bank of the appearance of Mohammed's "Twilight News" that "the reasons for the rise of foreign currency lately, is the presence of some of the speculators who took advantage of the crises in Iran and Syria, and smuggled hard currency to it." He explained, "We have taken several measures, including that all of the required foreign exchange and working in the private sector to give an account of annual tax shows the economic activity, as well as we have decided to provide the money changers young foreign currency every 15 days to allow travelers to buy foreign currency and dosage information."

It is said that sales of the Iraqi Central Bank in the auction for the sale of foreign currency, on Wednesday, rose dramatically registered the amount of $ 151 million, compared to 117 million the previous meeting, at an exchange rate based on 1166 dinars per dollar.

The bulletin issued by the Central Bank, and received "Twilight News" copy of it, that the total volume of demand for the dollar stood at 151 million and 97 thousand dollars, covered by the central bank at an exchange rate basis was 1166 dinars per dollar.

Salih stressed "there is no fear of falling dinar against foreign currency, because there are huge reserves of U.S. dollar at the Central Bank of Iraq."

The Iraqi central bank held five sessions weekly auction from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale of about 13 dinars per dollar, and receive a commission of 13 dinars per dollar on the sale of remittances outside the country.

My link

[behaviorkat]

Oh grow up Iraq!

[fastarnie]

Oh grow up Iraq!

No doubt

[jeepguy]

everytime i see these dang post {not the poster } but news of --- oh myyyyy our dinar is loosing ,,,, { crap you ding a lings } put some real value too your currency and get this dammm thing rolling ,,, quit whining ,,,, you {iraq } must be making money on the deal or you would have shut the door on this long time ago,,,, and your dinar would be worht at least .20 by now----- > soooo put on your big boy panties and put value too your dinar {nuff said}

Edited April 13, 2012 by jeepguy

[uncirculd]

I'm a speculator

[Realdinar]

Well, if the dinar wasnt so cheap, everybody and their mother wouldnt keep buying it, would they? Increase the value, solve the problem.

[R Veyron]

I think that the longer they drag this out the more "spectulators" will pop out of the wood work.

[jg1]

Ohh yea, I accuse your government of dragging your feet and letting speculators and president bush(thanks prez) of letting the speculators damage your currency. Now get er done before it gets worse.

[Doctor Smith]

They're talking about the US Dollar being sold to the Iranians and Syrians. This is causing a shortage of US Dollars in Iraq lowering the value of the Dinar in country against the Dollar.

Not the speculators on this board.

[gregp]

You have to have a currency to damage it.

[sportfisher]

I must disagree..................I have kept my IQD in perfect uncirculated mint condition, not one of my notes is damaged. :lol:

[Danan]

Those darn Iranians.

[Butifldrm]

Hate to say it, but you built your foreign currency reserves on speculation Iraq.

[mcuman]

My mother would have said, "Now, that's the pot calling the kettle black."