Dinar Iraq News
CBI: Exchange rate should stabilize in about 4 months
Posted: May 16, 2012 in Iraqi Dinar/Politics
Tags: bank, Central bank, Deputy Governor, Economy of Iraq, exchange rate, Iraq, iraqi, Iraqi dinar
CBI: the return of the dollar exchange rate to 120 during the day
The central bank said that the exchange rate of the dinar against the
dollar will return to normal by about the former “120-121″ in a few
days, criticizing the lack of government control over the attack, which
targeted the regional Iraqi market.
The deputy governor of the Central Bank of the appearance of Mohammed
Saleh, said that “the Bank is dominated by heavily on the problem of
the high exchange rate of the dinar, which is temporary and caused by
the attack on the Iraqi market of some regional countries as a result
the surrounding circumstances as well as trade openness-free controls
sober.”
Saleh added that “the exchange rate of the dinar against the dollar
will return gradually to the previous position of” 120-121 “after the
Bank to study the problem of the rise and develop solutions based on
Iraq’s economy strong and the high financial potential, which is the
best thing is now.”
The Deputy Governor of the Central Bank, “The coming days will
witness a decline at an exchange rate of the dinar and the end of the
rise of the dollar in the Iraqi market and its stability over its past.”
He referred to “the need to develop solutions and new controls for
the development of goods and trade inflows into the country to help the
low price of the dollar against the Iraqi dinar is the largest and
maintain the purchasing power of the Iraqi currency against world
currencies,” noting “the end of the course of regional undertaken by the
countries surrounding the country in the last period, which led to the
instability of the Iraqi market and the rise of the dollar
significantly.
<< Back