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Economic center: lower foreign currency behind the rise in dollar assets

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Economic center: lower foreign currency behind the rise in dollar assets

23/04/2015 06:47 | Number of Views: 888

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BAGHDAD / Source News / .. Description Economic Information Center, on Thursday, the crisis high dollar prices in the local market as "temporary", and counted the result of lower oil prices and the lack of foreign operation's assets.

The head of the Center lion Muhammad Ali in an interview with Agence / Source News /, that "the main source of dollars sold by the central bank is from Iraqi oil sales and lower prices led to a lack of foreign bank assets, making the quantities sold of a few dollars, and thus caused the rise prices in my time. "

He noted that "the Bank measures to open additional outlets in the banking companies will cut prices in conjunction with the expectations of rising oil prices again and increase foreign exchange assets raised in the Iraqi market."

And saw the dollar exchange rate of the dinar against the big rise in the last period, reaching 1300 dinars to the dollar. / End / H


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