Economists: Central Bank intervention in the market to keep the dinar exchange rate

Admin Thu Feb 13, 2014 12:49 pm

Wednesday, February 12 2014

Baghdad-time - The Deputy Governor of the Central Bank earlier Wednesday, the Central Bank intervened in the market to preserve the stability of the Iraqi dinar and maintain purchasing power.

He said the appearance of Mohammed Saleh told of "time", "the Iraqi dinar is protected by a sturdy, very high foreign currency cover unless you use reserves for the purposes designed to support Iraqi dinar".

"The rising currency and the pot depends on monetary policy actions, and there's nothing looming in the horizon of the depreciation of the dinar against the dollar," the Central Bank intervenes in the market to preserve the stability of the Iraqi dinar and maintain the purchasing power of the Iraqi dinar and the so-called value for money ".

"The financial market stable, whether demonstrated stability of the relationship between the rate of the Iraqi dinar against the dollar," adding that "the greatest threat to the dinar is external conditions including oil prices and revenues from Iraq."

He was a member of the Parliamentary Committee on the economy and investment, the Central Bank, accused of actions intended for the demolition of the domestic economy, its decision to careless and aims to hit the local currency market.

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