Expert: the exchange rate of the dinar against the dollar will fall more in the comin
Expert: the exchange rate of the dinar against the dollar will fall more in the coming days by the actions of the Central Bank of effective 30-09-2012 | (Voice of Iraq) -
Chief Economist Majid picture, that the exchange rate of the U.S. dollar in freefall and will equal the exchange rate of the Iraqi dinar in the next few days, praising central bank measures "successful" to reduce the exchange rate of the dinar against the dollar.
He said Suri (of the Agency news) on Sunday: One of the important factors for the high exchange rate of the dollar against the dinar in the summer months the past is the high demand and tight supply and exploitation of banking companies for citizens to raise the price of the dollar, prompting the central bank to increase supply in the currency auction.
He added: that the success of the actions of the Central Bank in reducing the price of the dollar against the dinar would make one dollar is equal to one Iraqi dinar in the next few days.
The picture: that the decline in the dollar exchange rate was limited only to demand cash and not remittances, noting that the transfer obtained by the merchant through banks and banking companies circulated at the official rate, while the cash demand by citizens through banking offices fell to its reliance on worker supply and demand.