deterioration of security in neighboring countries will increase USD against IQD
Deputy: the deterioration of security in the neighboring countries will increase the drag and lift the dollar value against the Iraqi dinar On: Saturday 03/24/2012 13:30
Baghdad (news) .. Member of Finance Committee warned the MP / National Alliance / Abdul-Hussein al-Yasiri of increased demand on the U.S. dollar a result of the deteriorating security situation in neighboring countries, and urged not to reduce the sale of the dollar in an auction when the central bank to increase the popularity of buy to keep the value of the dinar against the dollar. Yasiri said (of the Agency news) on Saturday: The increase in demand for dollar you get a result of a politically motivated or a war in a particular country, that generates a kind of propaganda for the people that the currency will fall or fall, setting off a process of withdrawing dollars from its neighboring countries as an international currency handled by all States. He added, can not reduce the sale of the U.S. dollar at an auction at the Central Bank increased the demand to buy, to keep the Iraqi dinar exchange rate against the dollar, and if reduced to sell will increase its value against the dinar.
He favored the parliamentary finance committee member: the high exchange rate of U.S. dollar against the Iraqi dinar in the coming period in the event of continuing the process of withdrawing foreign currency from the domestic market, without further action by the Central Bank of procedures through the sale of the dollar in the auction.