Central Bank: the dinar will not recover until after the leak check of the hard curre
Central Bank: the dinar will not recover until after the leak check of the hard currency outside
17/05/2012
Ruled out the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the return of Iraqi dinar to normal, due to increased demand on the dollar, noting that the average central bank sales of foreign currency amounted to (200) million and the volume of demand to buy an estimated half a billion dollars. Saleh added during interview with by the Agency (news: The demand for the dollar auction the central bank is increasing every day without knowing why, the volume of demand for dollar estimated half a billion dollars and the average sales of the central (200) million, which will make the Iraqi dinar is unable to restoration of normal, except in the case of government control over the amount of money the hard out of the country. He explained: that the state you enter a foreign currency into the country through oil sales only, while the market is the one who directed those currencies abroad, which led to the absence of economic balance in the country, in addition to the Iraqi environment is attractive for investment and entry of foreign currency due to political instability and internal problems continued. pointing to the absence of economic philosophy is evident in the country to control the borders and prevent the depletion of foreign currency, in addition to the absence of an economic policy that makes the financial revenues of a variety of of the Iraqi economy, not only from a single supplier. and see the U.S. dollar soared to its price the Iraqi dinar as a result of internal and external factors, where the U.S. dollar exchange rate (1288) dinars after it had been stable on the price of (1166) dinars.
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