Economist: increase sales outlets hard currency at the banks will support the exchange rate of the dinar against the dollar

01-04-2013 11:29 AM


Baghdad (news) .. According to economist Ismail Radi, that further opening outlets for the sale of hard currency by the banks will decrease the U.S. dollar exchange rate against the Iraqi dinar, it would meet the market needs of the dollar.

Radi said (of the Agency news): The reason for increasing the exchange rate of the U.S. dollar against the Iraqi dinar during the current period in the domestic market, due to strict central bank measures to sell hard currency and to the lack of the dollar in the market.

He added: be directed Rasheed Bank government to open ten outlets in hard currency at subsidized prices from the central bank will contribute significantly to enhancing the value of the national currency, calling to encourage private banks to open more than one port for the sale of hard currency with control transfers external financial.

It was announced in the Rasheed Bank Kadhum Mohammed fistula, for processing citizens across ten dollars of bank branches in Baghdad from this week.

The Iraqi market has witnessed a major upheaval for weeks in the price of the U.S. dollar against the Iraqi dinar as the sale price of one dollar to 1280 dinars.


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