Deputy Governor of the Central Bank is likely improvement in the Iraqi dinar against foreign currency in the near future
Date: 07/10/2012 10:47:54 Sunday
Baghdad (news) .. Attributed deputy central bank governor appearance of Mohammed Saleh, the reasons for the high price of gold on world markets due to the economic crisis that swept Europe and America, which led to the devaluation of the dollar and the euro against other currencies, likely improved Iraqi dinar exchange rate against international currencies during the coming period.
Saleh said (of the Agency news) on Sunday: The relationship between the dollar and gold is an inverse relationship when the dollar rises reduced the value of gold and vice versa.
Confirmed: The global crisis that has hit Europe and America have made the demand for gold increases for taking buffer stock to keep the wealth, which led to a price increase in the international markets with the devaluation of the dollar.
He added: that some countries when you see that the dollar and put it unstable in the trading world, it sheltering to other alternatives and يتحوطون by a Lama gold Awalnaft or food viable storage, pointing out that the gold the best alternative to the dollar to maintain the global wealth.
He said: that the status of the Iraqi dinar began improving in front of the international currency difficult and will improve more during the coming period as a result of increased oil production, which will refund substantial financial resources of hard currency, making the country away from the global economic crisis.
[CENTER][COLOR=#b22222][B][SIZE=3]"Truth is everlasting, but our ideas about truth are changeable. Only a little of the first fruits of wisdom, only a few fragments of the boundless heights and depths of truth, have I been able to gather"[/SIZE] [/B][/COLOR][/CENTER]