Deputy Central Bank Governor: We have plans and programs to reduce the price of the dinar against the dollar in the coming period

08.17.2012 | (Voice of Iraq) - add comment -
Baghdad (news) Deputy Governor of the Central Bank of the appearance of Mohammed Saleh on the status of plans and scientific programs by the central bank to lower the price of the dollar against the dinar up to the price of natural in the market and of (1190) in the coming period. Saleh said (of the Agency news) on Friday : The increasing demand for the dollar is still going on in the market, which led to get the case of confusion in the market by increasing demand for the dollar suddenly, leading to increase its price until it reached to (1300) dinars to the dollar during the last period. He continued that central bank policy and the plans developed by him has been the devaluation of the dollar gradually until he settled on a price (1240) dinars for one dollar (market) despite the fact that auction the central bank sold dollars to (1189) for banks and customers, to maintain the local currency of degradation because the increase dollar exchange rate to more than the number specified cause deterioration of the national currency. He added, has been developing plans and programs of scientific and well thought out to reduce the value of the dollar more in front of the dinar even up to the price of the real to settle the (1190) JD (1200) dinars in the market and then be thought away to make the U.S. dollar is equal to DT through the development of long-term plans after settling the political situation in the country and abroad and at subspecies fiscal revenue of the state. has seen the U.S. dollar has increased significantly and unprecedented has its value in front of the Iraqi dinar in the past months, with an exchange rate of one U.S. dollar ( 1300) Iraqi dinars, after he was conservative on the price for a long time b (1170) dinars to one dollar, creating great fear of the economic circles constantly increase its price and its direct impact on the Iraqi economy. It is noted that the exchange rate of dollar, the current is equal to (1240) Dinars.

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