Banker: the decline in speculative demand for the dollar good value of the Iraqi dinar

2012-11-17 13:16:46

BAGHDAD (Iba) .. Refer adviser to the North Bank for Finance and Investment wholesome Elias Abou, depreciation of the exchange rate of the dollar against the Iraqi dinar to keep speculators from buying the dollar for fear of falling price against the dinar make supply more than demand and improve the value of the Iraqi dinar.

Said Abbou told the independent press (Iba): The decline in demand speculators on the dollar to make the value of the Iraqi dinar rise against the U.S. dollar, indicating: that the actions of the central bank to increase the dollar and give broad powers for banks to sell the dollar has made ​​the value of the dinar is improving and the dollar is greater than the students.

He added: that the central bank Give the validity banks to sell 5,000 thousand dollars for each citizen to make the banking arena saturated dollar and lack dinar increased demand for the dinar and undo the request of the dollar, which has depreciated against the Iraqi dinar.

He Abbou and expectations fall in the dollar more speculators made ​​them reluctant to keep it and make its value goes down in front of the dinar currency contributes to the improvement of the country.

The adviser to the Bank of the North: that security measures disturbances that have occurred to the staff of the Central Bank did not affect the exchange rate of the dinar and the Bank continued to exercise its weekly auction without any retreat.


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