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A significant reduction in the price of the Iraqi dinar against the dollar after approving the budget


yota691
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A significant reduction in the price of the Iraqi dinar against the dollar after approving the budget
Sunday, February 8, 2015 11:53

 

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[baghdad-where]

 

The price of the Iraqi dinar fell against the dollar and the rest of the hard currency than it was before the adoption of the state budget in 29 of the last month.

According to the Kurdish Democratic Union site, the price per dollar today February 8, 1234 dinars, while the official rate by the central bank in 1166 dinars, an increase of 68 dinars to the dollar represents about 6 percent.

He says reporters and all of Iraq [where] the dollar in the markets before approving the budget was 1220 dinars believed dealers dollar to rise in the dollar price of the lower price of the dinar back to determine the dollar amount sold in daily auctions at the central bank for $ 75 million in each auction while Quantities in excess so much up to more than $ 300 million, prompting the beneficiaries of the currency traders to increase the price to maintain their daily profits. It's over

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Low price of the Iraqi dinar against the dollar after approving the budget

08/02/2015 03:20 | Number of Views: 20

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BAGHDAD / Source News / .. the price of the Iraqi dinar fell against the dollar and the rest of the hard currency than it was before the adoption of the state budget in 29 of the last month.

According to the Kurdish Democratic Union site, the price per dollar today February 8, 1234 dinars, while the official rate by the central bank in 1166 dinars, an increase of 68 dinars to the dollar represents about 6 percent.

Economists say the dollar in the markets before approving the budget was 1220 dinars believed dealers dollar to rise in the dollar price of the lower price of the dinar back to determine the dollar amount sold in daily auctions at the central bank with $ 75 million in each auction while quantities exceeding it a lot and up to more than $ 300 million, prompting the beneficiaries of the currency traders to increase the price to maintain their profits Aleomah.anthy 19 T. 

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Its because of the New Budget CBI law....add this....Economic attributes the rise in the dollar price to determine the quantity sold at the central bank auction

05/02/2015 10:46 | Number of Views: 245

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BAGHDAD / Source News / .. The head of the Iraqi Economic Media Center Dergham Mohammed, on Thursday, the central bank said the decision to determine the dollar amount sold within the central bank auction led to a reaction with its dealers and speculators, which led to high prices.

 

A lion in a press statement I followed Agency / Source News /, that "the rise of the US dollar against the Iraqi dinar is the reaction deliberate traders and speculators by bending the central bank for its decision, saying that customers are accustomed to the open procurement process, without indicating that the restrictions abiding by the decisions of the bank Central reflected negatively on their work. "

 

He noted that "the current situation of the country currently does not suit this policy, arguing that the solution lies in the study of open channels for direct sale of dollars to small traders at the official rate."

 

He said. "The central bank in the face of limited resources, foreign compelled to this regulation, a normal procedure." Finished / 19 Q


Read more: http://dinarvets.com/forums/index.php?/topic/196284-parliamentary-affirming-the-continued-rise-of-the-dollar-and-an-expert-on-financial-demands-that-restrict-the-sale/#ixzz3R9sb3iQ8

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A significant reduction in the price of the Iraqi dinar against the dollar 

 

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BAGHDAD / ... dropped the price of the Iraqi dinar, Sunday, against the dollar and other hard currencies than it was before the adoption of the state budget in 29 of the last month.

 A source at the Central Bank of Iraq's "Eye Iraq News" that the dollar price per today February 7, 1234 dinars, while the official rate by the central bank in 1166 dinars, an increase of 68 dinars to the dollar represents about 6 percent.

He added that the dollar exchange rate in the markets before approving the budget was 1220 dinars believed dealers dollar to rise in the dollar price of the lower price of the dinar back to determine the dollar amount sold in daily auctions at the central bank with $ 75 million in each auction while quantities exceeding much, and up to more than $ 300 million, prompting the beneficiaries of the currency traders to increase the price to maintain their profits Aleomah.anthy 1

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Looks to me like a simple case of supply and demand. The way I see it the CBI and Goi should get together and flood the market with Dollars by selling them and keep the Dinar they collect. Get the Dinar count down to where they want it and then increase the value.

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The price of the Iraqi dinar fell against the dollar and the rest of the hard currency than it was before the adoption of the state budget in 29 of the last month. According to the Kurdistan Democratic Union site, the dollar price per today February 7, 1234 dinars, while the official rate by the central bank in 1166 dinars, an increase 68 dinars on every dollar represents about 6 percent. She told all of Iraq, sources said the dollar in the markets before approving the budget was 1220 dinars believed dealers dollar to rise in the dollar price of the lower price of the dinar back to determine the dollar amount sold in daily auctions at the central bank b $ 75 million in each auction while quantities exceeding so much up to more than $ 300 million, prompting the beneficiaries of the currency traders to increase the price to maintain their daily profits.



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Economist: lack of confidence in the national economy behind the decline in the dinar exchange rate

09/02/2015 12:48 | Number of Views: 26

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BAGHDAD / Source News / .. ills economic analyst Amer Jeweler, Monday, declining Iraqi dinar exchange rate against the US dollar, as a mere confusion in the business market.

 
He said the jeweler told / Source News /, the decline in the price of the dinar is not a small amount, and will resume its activity after a period, indicating that the confusion and anxiety in the business market, as well as a lack of confidence in the national economy has led to this decline.
 
He said: that the repercussions of the decline of the dinar is the high market prices and thus will negatively impact on consumers, calling for economic officials and the central bank to hold seminars to alleviate the decline in the exchange rate of the dinar against the dollar and to reassure citizens. Finished / b
 

Economist is rising dollar against the dinar Baelloukta confirms recovery again

09/02/2015 11:37 | Number of Views: 984

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BAGHDAD / Source News / .. counting expert in banking affairs on behalf of Jamil Antoine, higher US dollar exchange rate against the Iraqi dinar Baelloukta, stressing that the dinar is collapsing and will resume its activity again.

 

Said Antoine in a press statement I followed Agency / Source News /, that "the central bank's decisions last set sold at the auction of the dollar b / 75 / million dollars a day, prompting some parasites to exploit the conditions and raise the dollar," stressing that "the dinar Iraqi is collapsed and will resume its activity again after a short period. "

 

He stressed that "the lack of government control over the banking offices and speculators pay some to exploit the citizen and the lifting of foreign currency rates" ./ ended Q

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