Economist Opinion: Regional tensions, political rivalries have kept dollar high befor
Economist Opinion: Regional tensions, political rivalries have kept dollar high before the dinar; CBI is working hard to increase IQD against the USD
Date: Thursday, 15-03-2012 12: 17 pm
Baghdad (newsletter) …Financial expert noted the existence of Salem aldaini internal and external factors that control the rising US dollar to Iraqi dinar, adding that the Central Bank will shoulder their Bourse because of height during the current period.
Aldaini said (News Agency news) on Thursday said that the Central Bank is working hard since the year (2003) to increase the value of the Iraqi dinar against the dollar, making maintaining the price for a long time, but political rivalries and the US withdrawal and other external factors, economic sanctions and international threats to neighbouring States of the country, led to an increase in US dollar to Iraqi dinar.
And he added: nobody can carry responsibility because of rising US dollar during the current period, both to the Central Bank or the Bourse, the fact that both are working to increase the strength of the Iraqi dinar and the national economy.
The parliamentary Finance Committee had attributed due to the high value of the dollar against the Iraqi dinar to companies registered in Iraq market for securities as a result of its business in the share of the dollar that you receive from the Bank through sold as currency rather than purchase of merchandise.
Dip the Iraqi currency exchange rate dramatically over the past few days, foreign currencies, especially the dollar, has aroused concern among citizens of the continued decline, this decline was attributed by some to resort to Central Bank to apply stricter measures in the past few period on sales of foreign currency, especially the dollar, leading to lack of us currency markets and increase demand and therefore high value against the dinar, but others believed the decline in currency due primarily to us withdrawal Iraq and the growing divisions between politicians.