Economic Analyst: the dollar against the Iraqi dinar is not the real price

January 20, 2016 11:03


Said economic analyst David Zayer said the US dollar against the Iraqi dinar in the country, not the real price.

Zayer said that "the dollar exchange rate since 10 years is supported by the Central Bank of the dollar, which is pumped in and the market determines the price, this is not the real price, and is supposed to be now costs 1500 dinars to the dollar."

Zayer said that "the decline of the dinar against the dollar is the beginning of its collapse under the difficult financial situation of the country, because there was enough money to support the dinar and now that the lack of money in the real exchange rate began to appear."

He noted that "the government must lift the support of the dinar, and that depends on the real price in the market, in order to avert the depletion of a commodity currency is an economic reality and shows the real strength of the dinar."

The economist Ahmad Kanani, attributed the rise in the dollar's exchange rate against the Iraqi dinar, to non-possession of the Iraqi Central Bank sufficient liquidity to cover the local market need it [the dollar].

And it saw the local markets during the past ten days at prices fluctuation of the dollar against the dinar, where he arrived the exchange rate in the past few days in 1227 dinars to the dollar [127 000 dinars per hundred dollars]

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