##### Financial expert: the rise of the dollar crisis "temporary" .. And will be resolved soon

19-05-2013 08:56 AM


Baghdad (news) .. take a financial expert Sameer النصيري, rising U.S. dollar crisis in Iraq 'temporary' and will be remedied soon.

He said النصيري to the Agency (news): The crisis experienced by the Iraqi market today height of the dollar exchange rate against the dinar is the crisis of a temporary directory and that what was announced by the central bank reserves rose to $ 74 billion, noting that this reserve is a cover for the dollar.

And explained النصيري: the rise of the dollar at the present time due to the dollar speculators in the Iraqi market and this is a temporary condition can be controlled.

He pointed out that Iraq over the situation very difficult on the rise and the low exchange rate of the dinar and the dollar so that monetary policy if they deal with the mechanics of sound and correct can control the financial market and this are not taken, but in cooperation with private banks by consulting with them on economic policy, monetary, which is almost non-existent in the present time.

Are buying the dollar for domestic banks and government during daily sessions for the sale and purchase of foreign currency held by the Iraqi Central Bank, which is supposed to fund the traders from the private sector or for tourism and study outside the country, but this money does not get at those banks Maysgel clear violation calculated on the bank instructions Central



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