Iraqi Dinar
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High value of the Iraqi dinar against the dollar after the regulatory action

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High value of the Iraqi dinar against the dollar after the regulatory action Empty High value of the Iraqi dinar against the dollar after the regulatory action

Post  Admin Sat May 26, 2012 1:16 pm

26/05/2012

She said that the parliamentary finance committee, which submitted its proposal to the Iraqi Central Bank on increasing the number of those responsible for the sale of foreign exchange (banks, Rafidain and Rasheed), which was applied during the last few days, contributed to raise the value of the dinar against the U.S. dollar.

He acknowledged the Iraqi Central Bank earlier in the presence of an imbalance in the Iraqi dinar exchange rate, and confirmed his quest to unify the exchange rate between him and the local markets, was charged with four conspiracy to hit the financial economy of Iraq to empty its market of its financial strength, indicating that the corridors of free trade in Iraq has become the means adopted to hit the economy. And saw the price of the dollar relative to local currency increased during the past few weeks, and reached the exchange rate to about 1127 1128 dinars to the dollar in the domestic market, while the stable exchange rate 1116 - 1117 in the auction the bank, which he attributed Officials companies banking local to the central bank from making procedures Additional Auction in hard currency. A number of banking companies yesterday, in remarks for the "economic statement", the exchange rate dropped to 1121 1122 dinars per dollar. A member of the Committee Secretary Hadi said there was an increase in the value of Iraqi dinar against the dollar after the application of the central bank proposal made ​​by the Finance Committee spends Auction diversification of foreign exchange and not restrict them in a limited number of companies.

Hadi said that the central bank will be in accordance with the procedures to maintain this stability. And picked up local media reports about the widening phenomenon of smuggling hard currency from Iraq to Syria and Iran on the border crossing points, which was not confirmed by the CBI.


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