**************** Smart answer: recent Central Bank action to increase outlets the dollar will dominate the local currency deteriorated

29/04/2015 10:24





She is a member of the Economic Committee Deputy Najib najiba, recent Central Bank action to open outlets to sell the dollar will dominate the deterioration of the local currency and the dollar's rise against the dinar, stating that, on the agenda of the Commission meeting today is to establish procedures in coordination with the Central Bank to lower the exchange rate of the dollar against the Iraqi dinar, reducing its height.

Najib said in a press statement that "the Commission will make proposals on procedures and in coordination with the Central Bank to avoid the collapse of the local currency against the greenback, saying that" recent actions by the Bank outlets to sell the dollar will reduce the dollar as a result of the lack of risk in the market. "

And noted, "the Central Bank's actions will include increased outlets the dollar significantly and quickly put cash categories include a/50/a, a/100/1,000 dinars, and cooperating with the Ministry concerned with the economic sector to increase output to increase non-oil exports to attract hard currency from other countries."

The dollar has continued to rise in the dinar's recent actions by the Central Bank to open outlets to sell the dollar but it will come with Shi.

The Central Bank decided last week to double the share of banking companies Aldo r, and let the banks and the Iraqi trade and sell the dollar firms and small importers as a measure to reduce the dollar prices on the Iraqi market after skyrocketed and surprise.


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