Deputy Governor of Central Bank: the dinar will not recover until after the leak check of the hard currency outside

[k98nights]

Deputy Governor of Central Bank: the dinar will not recover until after the leak check of the hard currency outside

On: Wednesday 05/16/2012 12:32

Baghdad (news) .. Ruled out the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the return of Iraqi dinar to normal, due to increased demand on the dollar, noting that the average central bank sales of foreign currency amounted to (200) million and the volume of demand to buy an estimated half a billion dollars.

Saleh added ( Agency news) on Wednesday: The demand to buy the dollar from an auction the central bank is increasing every day without knowing why, the volume of demand for dollar estimated half a billion dollars and the average sales of the central (200) million, which will make the Iraqi dinar is unable to regain his normal, except in the case of government control over the amount of money the hard out of the country. He explained: that the state you enter a foreign currency into the country through oil sales only, while the market is the one who directed those currencies abroad, which led to the lack of economic balance in the country, in addition to the Iraqi environment is attractive for investment and for the entry of foreign currency due to political instability and internal problems continued. said: There is no economic philosophy is evident in the country to control the borders and prevent the depletion of foreign currency, in addition to the absence of an economic policy that makes fiscal revenues diversified economy Iraqi and not the supplier of mono only. and see the U.S. dollar soared to its rate against the Iraqi dinar as a result of internal and external factors, where the U.S. dollar exchange rate (1288) dinars after it had been stable on the price of (1166) dinars. / Finished / 8. d. Q /

http://ikhnews.com/news.php?action=view&id=42278

[yota691]

These high auction, have me puzzle!! Something up!! GMK98

[k98nights]

These high auction, have me puzzle!! Something up!! GMK98

GM Mr. Yota. All of this stuff has me puzzled. I wish they'd just poop or get off the pot.

[Biker]

Amen my Brothers , poop or get off the pot. This B/s is getting totaly off the wall now. They will be argueing over in the sand box 5 yrs from now with no resolve.

[Retiredofficer]

IMHO...This is good news. Dollar value on raise & no way to stop its surge except for possibly a little RV to counter the demand.

R.O.

[puckster_guy]

Being an optimistic sort of guy i agree with R.O. they throw a lot of smoke to confuse the issue. All we really need is the abril agreement and an rv will trigger the getting out of ch. 7. the agreement is there the just need to sign it into law. Which takes a few minutes inspite of their posturing. Patience folks we are almost there....