Expert: high value of the Iraqi dinar against the UAE dirham in the banking market Dubai testament to the strength of the national economy

Date: 09/14/2012 14:29:21 Friday



Baghdad (news) .. The financial expert on behalf of Jamil, the Iraqi dinar began recovering after the rise in the value of demand in the GCC banking markets, indicating that the dinar has appreciated either UAE dirham in Dubai banking market rate (0.26%) testament to the strength of the national economy.

Jameel said (of the Agency news) Friday: The currency is the face of the economy when the Iraqi dinar powered in another currency is the currency "dollar" shall be there in return pumping Iraqi crude oil and an increase in exports, especially since there is a high priced oil in the international markets, pointing to that Almarbin in countries experiencing avoid its economy are buying the Iraqi dinar.

He added: because they expect that the Iraqi dinar may occur when major breakthroughs and increases its value and occurs rebound in the Iraqi market, in addition to the frequent talk about the implementation of the project to delete the three zeroes from the Iraqi currency, which may give the strength and momentum of the Iraqi dinar against foreign currencies, these are all contributed to Iqbal speculators in global markets on the purchase of the Iraqi dinar.

He added: report from market banking Dubai, who noted the high value of the Iraqi dinar against the UAE dirham by (0.26%) demonstrates that the Iraqi dinar began recovering and the national economy strong as a result of the attributes of the large reserves of natural resources as well as the hard currency that The cover of the dinar.

The report revealed the exchange market in Dubai for the rise of the Iraqi dinar against the dirham over the past week by 0.26%.

The report said: declined, relatively speaking, the movement of conversion, speculation and currency exchange last week in companies traded currency in the United Arab Emirates, and it coincided with the start of the new school year and the end of the holiday season, where decreases in this time of year liquidity in the forex markets, and in the currency market Emirates , the Iraqi dinar rose against the dirham over the past week by 0.26%, marking 0.0032. / end / 8.. /






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