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Locals: The dollar recorded the highest rate him high in Mosul


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iraq-dinar-curr-650x320.jpg


Log dollar exchange rate increased significantly versus Aldenarve Alamo City ...


Record US dollar against the Iraqi dinar in the city of Mosul, a remarkable increase by at least 160 000 dinars, according to local residents in the city. Agency said the population (Basenyoz) "The Goods banking in the city of Mosul, recorded the highest increase for the first time in Mosul since the fall of the city, however, Islamist al (Daash) ", noting that" Sarsrv currency of $ 100 US against the Iraqi dinar has become a 160,000 thousand dinars after it was 128 thousand "They continued that" the lack of financial liquidity in the city behind this rise. " For their part, announced Sarfen "This rise would adversely affect the general economic activity in the city, especially as most of the financial proceeds of the population is the Iraqi dinar. " It should be noted that the city of Mosul (400 km north of Baghdad) had fallen into the hands of militants Daash on the tenth of June last, after a suspicious withdrawal Iraqi Army, including during the presidency of Nuri al-Maliki Iraqi government at the time. 

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Yep

I see they don't have enough dollars in the area so they have to pay more dinars for each dollar

Looks like 1600 dinar for one dollar

It says they use dinar for most transactions

"This rise would adversely affect the general economic activity in the city, especially as most of the financial proceeds of the population is the Iraqi dinar. "

Read more: http://dinarvets.com/forums/index.php?/topic/197432-locals-the-dollar-recorded-the-highest-rate-him-high-in-mosul/#ixzz3SBzxbwKy

They need dollars but have mostly just dinars

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So is it from not wanting to bank with DASH? Could this actually drive the dinar down and the demand for the dollar up?

It one of the reason for exchange rate to widen...which weakens the IQD

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Yep

I see they don't have enough dollars in the area so they have to pay more dinars for each dollar

Looks like 1600 dinar for one dollar

It says they use dinar for most transactions

"This rise would adversely affect the general economic activity in the city, especially as most of the financial proceeds of the population is the Iraqi dinar. "

Read more: http://dinarvets.com/forums/index.php?/topic/197432-locals-the-dollar-recorded-the-highest-rate-him-high-in-mosul/#ixzz3SBzxbwKy

They need dollars but have mostly just dinars

That makes sense. Thanks

Oops, I accidently gave you a neg.

would someone even him out?

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