The Deputy Governor of the Central Bank: dollar exchange rate cannot be reduced to tw
The Deputy Governor of the Central Bank: dollar exchange rate cannot be reduced to two dinars in strayed further indiscriminate importation of goods
Date: Wednesday, 14-03-2012 11: 01 am
Baghdad (newsletter) ... Deputy Central Bank Governor Mohammad Saleh appearance low price of US dollar to Iraqi dinar by at least two points in the coming days due to increased uncontrolled indiscriminate importation of goods.
He said Saleh (News Agency news) on Wednesday: Central Bank sales during the current year has increased by $ 100 million dollars, compared to last year's sales (150) million dollars a day, although the market was stable, indicating that the Central Bank sales in auction now (250) million dollars equivalent (73) trillion Iraqi dinars per day and still US dollar Iraqi dinar rate high with two points.
He added: the policy of the Central Bank in this year tended to increase sales of the dollar in the Central Bank auction (250) million dollars in order to maintain the stability of the dinar to the dollar, pointing out that the dollar recorded a colon before the Iraqi dinar, and the Central Bank could not to increase its sales in the coming period to restore Iraqi dinar against the dollar.
Saleh noted that increasing indiscriminate import: and uncontrolled goods, mostly poor origin, played a major role in the high exchange rate of the US dollar during the current year compared to previous years due to the lack of a law regulating the import and trade in Iraq, calling for "close the doors open to import external State, respect for the country's trade regime, to save the national currency from foreign currencies decline.
The sale price at local markets, the US dollar during the current period (1240) Iraqi dinars, while the purchase price (1230) dinars per US dollar one./finished/8. d/s.