Tuesday, May 29, 2012 19:56
Albjara: Central Bank of pull the rug out from under the feet of currency speculators

BAGHDAD / Baghdadiya News / .. and the Economic Commission described the parliamentary move by the dominant central bank a success and smart by pulling the rug out from under the feet of currency speculators who dominated the local market.

Said committee member Nora told Albjara / Baghdadiya News / "The central bank was able to expand the outlets selling the dollar and become Bmekdr customer review of any branch of the banks, government and civil soon to sell or buy a dollar coin.

"She Albjara that "the central bank has the helm of leadership in determining the value of the dinar exchange rate, through the possession of the dollar and put to sale at a price that he deems appropriate to enhance the value of the dinar."

And on the impact of Iran and Syria, said Albjara that "these two countries followed the mechanism after the pace of economic sanctions, they are transformed from the sale of their products to the dealer of the Iraqi currencies local any Altoman and the Syrian pound, to the dollar to ease the sanctions, and here was better for merchant Iraqi to deal according to the principle of fixed currency value, even if the dollar, he measured the equivalent of national currencies. "

She Albjara that "strange matter said product is Iranian or Syrian resorted to a clever ruse is to keep the same value of the item the previous calculated in dollars, and ought to be built according to the size of the devaluation of their currency, for example, that Altoman impaired for the half in front of the U.S. dollar, as well as the Syrian pound result of the sanctions , and here it is calculated that his product at half the previous price, but as we have dealt with us intelligently, and it was better for Btjarna face them, and to refrain from buying products and a shift to the origin of another "