Parliament: Companies listed on the stock market and behind the rise in the dollar exchange rate

On: Tuesday 13/3/2012 8:15

 Baghdad / follow-up term
A member of the Finance Committee parliamentary Faleh applicable to companies registered in the Iraqi market for securities are the main cause of the high value of the dollar against the dinar because they are trading in their share of the dollar that you receive from the bank by selling the currency instead of buying them for goods and merchandise. He pointed out that the central bank has promised to reduce its value in the next few days. He said according to the applicable (Euphrates News): The Central Bank is responsible for fiscal policy and thus is obligated to take measures and controls to preserve the value of the dinar,

Indicating that the measures the bank last did not work in raising the value of the dinar. And declining exchange rate of the Iraqi currency in a banner during the past few days against foreign currencies, especially the dollar, raising fears among the citizens of the continuing decline. And Some attribute this decline to the resort's central bank to implement procedures for more stringent in the last few years about the sales of hard currency, especially the dollar, which has led to a lack of circulation of U.S. currency in the markets and increase demand and therefore high value against the dinar, but others believed that the currency's decline is due mainly to the withdrawal of America and the growing divide between politicians, which threatens the stability of the country.