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We hinted attribute the rise in the dollar exchange rate to the instability in the region


yota691
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We hinted attribute the rise in the dollar exchange rate to the instability in the region

29/04/2015 12:45 | Number of Views: 701

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BAGHDAD / Source News / .. attributed the deputy in the National Alliance honest we hinted, Wednesday, rising exchange rates of the dollar against the Iraqi dinar, as well as gold to instability in the region and the United States control the global economy.

He said we hinted Agency / Source News / "The high dollar prices as well as gold came against the backdrop of the United States and other major countries control this aspect as well as the instability in the region."

He added that "private agendas have raised the value of its currency and Aehmha negative impact that gets the other countries the great powers," likely that "hard currency to rise in light of the unstable situation in the country and the rest of the regional countries."

We hinted called on the government to "address the decline of the Iraqi dinar against the dollar and not just raise taxes."

He believed that "the political oil for some Gulf states impacted heavily on the high dollar."

Iraqi market has seen a rise in the dollar's exchange rate against the dinar reached in some cases to 1235 dinars to the dollar, the highest rate of the exchange rate during the past two years.

He attributed the owners of banking companies rise and fall of the exchange rate is linked to the central bank that determines its price rising or falling procedures.

It is expected to offset the rise in the dollar exchange rate decrease in the volume of trading in securities Almalah.anthy / p market

 

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I am beginning to think that CBI is purposely allowing the dinar to remain low in value.  They have had many "windows" of opportunity to raise the value of the dinar but have not done so.  I know it is not as simple as we would like and that there are multiple things that must be considered, but it does seem that the present "window" is a perfect time to relieve the pressure of a depressed economy.  A revaluation of the dinar to an .85  to $1 would go a long way in alleviating their financial woes.      

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***///

 

Agreed NELG -- but we suspect their 'method' may be based on 'the madness' of the IMF, WB, UN, et al....

 

sneaking suspicion they may be imposing a quasi fiscal suppression until Iraq 'sees things their way', as it were....

 

We've always hoped TheCBI is their own master and will do 'their thing'... but more and more we see the inter-

connecting tissues melding betwixt CBI & PTB.....

 

We're at the point now where we don't care how the hell it happens, JUST HAPPEN ALREADY !  :confused2:

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