Economist warns of reducing selling the dollar at the central bank auction for its impact on the exchange rate of the dinar

Date: 20/02/2013 12:48:27 Wednesday



Baghdad (news) .. Economic expert warned Jalil al-Rubaie, reduce the size of the hard currency sales at a central bank auction because it will affect the exchange rate of the dinar against the dollar, calling for a balance between the buying and selling of currencies in the market.

Rubaie said (of the Agency news): No central bank can reduce the sales of hard currency in the public auction, because it will lead to increased demand for the dollar in the market, what makes the dinar exchange rate drop dramatically.

He added: the central bank should take policy balance, buying and selling of foreign currency in the market to maintain a stable exchange rate of the dinar against the dollar.

He explained: that monetary policy pursued by the Central Bank of the current is good because it maintained the stability of the value of the dinar, saying it aims to increase its exchange rate against international currencies in the coming periods.


http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.ikhnews.com%2F

Economists attribute the reduced bank dollar sales to limit the currency go outside Iraq
On: Wednesday 02/20/2013 08:19 pm





.
BAGHDAD - Alaa Fadel


He attributed the economic expert reduce central bank dollar sales to rise sales recently, stressing that reducing the high price comes by reducing الحولات foreign bank.

Said economic expert Hilal Taan's (citizen): »that the central bank engaged in a policy of open market trading to sell the dollar».

Added »said the bank was selling nearly $ 250 million per day, and then raise money selling to $ 400 million per day».

explaining »that step the bank to reduce dollar sales aimed at maintaining the exit of hard currency into the country».

continued »that limit the sale الحولات abroad in the sale of the role will decrease the exit currency «.

Meanwhile economist said Jalil al-Rubaie» that reduce sales volume of hard currency in the central bank auction will affect the exchange rate of the dinar against the dollar ».

called to achieve a balance between buying and selling of currencies in the market.

Rubaie said: No central bank can reduce the sales of hard currency in the auction public, because it will lead to increased demand for the dollar in the market, what makes the dinar exchange rate drop significantly.

continued: should the central bank to take policy balance, buying and selling of currencies difficult in the market to maintain a stable exchange rate of the dinar against the dollar.

explained: that monetary policy pursued by the Central Bank of the current is good because it maintained the stability of the value of the dinar, saying it aims to increase its exchange rate against international currencies in the coming periods


http://translate.google.com/translate?hl=en&sl=ar&u=http://www.almowatennews.com/&ei=uCAcT57JEeP0sQLv16DHCw&sa=X&oi=translate&ct=result&resnum=1&ved=0CCYQ7gEwAA&prev=/search%3Fq%3Dalmowaten%2Bnews%26hl%3Den%26fhp%3D1%26rlz%3D1C1CHFX_enUS394US399%26biw%3D1024%26bih%3D653%26site%3Dwebhp%26prmd%3Dimvns