Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.

Neno

NOTES:
For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017


Specialists warn of continued volatility in the local currency against foreign currency, high inflat

Share

Hkp1
Interacting Investor
Interacting Investor

Posts : 3118
Thanked : 806
Join date : 2012-12-19

Specialists warn of continued volatility in the local currency against foreign currency, high inflat

Post by Hkp1 on Wed 17 Jul 2013, 12:41 am


Specialists warn of continued volatility in the local currency against foreign currency, high inflation rates in the country



Posted by: citizen newspaper

Baghdad (citizen).
Report/Steve/dreams.

After penetrating the US dollar for domestic market and rising against the Iraqi dinar and the volatility of the local currency in spite of all action taken by the Central Bank to reduce the Iraqi dinar rose, specialists agreed that the volatility of the local currency against foreign currency caused high inflation in the country.

The Director of the Association of private banks Abdul Aziz Hassoun, stressed during a recent newspaper (national news).The foreign exchange trading volume compared to withdraw Iraqi dinar led to high inflation in Iraq said Hassoun (citizen)» Central Bank auction of foreign currency, led to great criticism movement produced by the inflation caused by large cash farm for a few to benefit the national economy ".

And the Director of the Association of private banks said that "all the indicators confirm the low inflation in Iraq are speculative and have no validity, if that, the Iraqi dinar exchange rate fluctuations as evidence of rising inflation in the country.
Expert in economic peace, by taking advantage of her newspaper (national news).

The Iraqi dinar exchange rate fluctuations led to the formation of two inflation, force first drove up the prices of goods and commodities in the domestic market as the second force pushed traders to pull large amounts of local currency for amounts more than the dollar.

He added that "increased demand for local currency to raise prices of goods and commodities that affected ordinary citizens who will be twice the price.

It will be the citizen's pressure merchants in pressures for greater quantities of dollars and other pressure on processors must receive greater amounts of Iraqi currency with a result depreciation of the Iraqi dinar against the dollar for dollar and the final consumer, the average citizen is who pays the price ".

Meanwhile, Advisor to the North Bank for finance and investment, Elias Abou Nafeh, speaking to the newspaper (national news).» Dollar to dinar local currency volatility led to increased prices of imported goods that are resident in foreign currency ".

He said Abbou (national news).» Dollar l.d reflected negatively on the structure of the price of imported goods, which has led to high rates of inflation significantly.

Abou said that» the Iraqi currency exchange rate fluctuation and instability has led to the creation of significant inflation factor large cash currency bloc without any charge paid for ordinary citizens ".

Ministry of planning and development cooperation, a reduction in the inflation index for the month of June at a rate of 1% and an annual rise of 2 percent, with the price in the Kurdistan region has been falling during the last June by 0.7%. , These indicators are speculative and not fact./finished indicator



http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http%3A%2F%2Fwww.almowatennews.com%2Findex.php%2F2013-04-19-21-18-06%2F1861-2013-07-16-14-59-22.html

Neno
Admin
Admin

Posts : 9509
Thanked : 1855
Join date : 2012-12-17
Age : 53
Location : Lone Star State

Re: Specialists warn of continued volatility in the local currency against foreign currency, high inflat

Post by Neno on Wed 17 Jul 2013, 4:05 am

Again, nice undrrsatanding.... ;)

weslin3
Interacting Investor
Interacting Investor

Posts : 4089
Thanked : 708
Join date : 2012-12-19

Re: Specialists warn of continued volatility in the local currency against foreign currency, high inflat

Post by weslin3 on Wed 17 Jul 2013, 7:03 am

Was wondering if they would think of the high inflation if they don't revalue.

Sponsored content

Re: Specialists warn of continued volatility in the local currency against foreign currency, high inflat

Post by Sponsored content Today at 10:08 pm


    Current date/time is Sat 10 Dec 2016, 10:08 pm