A parliamentary committee: Iqbal mounting on the Iraqi dinar

A parliamentary committee: Iqbal mounting on the Iraqi dinar



Written by Ammar Shaykhli published on Monday, July 22 / July 2013 03:30

Baghdad (Iraq) / Hala Khalid
Analysts, economists continued low exchange rate of the U.S. dollar against the Iraqi dinar to Madon the (1200) dinars for the days to come, as the price of the weight of gold to 215 thousand dinars days after falling to 225 thousand for the weight of one.



said reporter «future» «The offices of banking sale and purchase of foreign currency and the U.S. dollar saw yesterday, a slight decrease on the prices of buying and selling foreign currency, including for the U.S. dollar rate of decline thousand dinars for one hundred dollars, for a sale price of $ 100 U.S. to 120 thousand dinars, while the price of to purchase 119 thousand dinars in most areas of the capital Baghdad and domestic banks in the capital.



Conversely said a member of the Economic Commission MP Mahma Khalil that the low price of the U.S. dollar in the market due to the increasing demand of the Iraqi dinar after the lifting of Iraq from Chapter VII and international sanctions recently.

said Khalil's «future» «demanded serve as the economic Iraqi Central Bank to pump large amounts of dollar U.S. to control the prices of buying and selling the dollar now and achieve something of the stability of exchange rates, as well as activating the role of trade control to control market prices, especially during the days of the month of Ramadan ».



Demanded Khalil to speed up the restructuring of the dinar and the Iraqi currency against foreign currencies in order to keep the price of the dinar against the rest of the Currency, indicating that the coming period will witness keep the exchange rate of the U.S. dollar contrast slightly in the price of buying and selling.



turn attributed the economic analyst Mohammad Al-Anbuge continuing decline in exchange rates of the U.S. dollar against the Iraqi dinar to the wrong policies pursued by the government and the central bank in the lack of control over exchange rates of currencies difficult.



He said Anbuge for «future» yesterday that the instability of the exchange rate of the U.S. dollar would cause economic disaster for the Iraqi market for the day ahead in the event of continued low exchange rates of the dollar and hard currency.

to the price fell the weight one for gold and jewelery and gold ornaments in the markets of the capital Baghdad yesterday, bringing the price the weight in sales to 215 thousand dinars central Iqbal significantly from citizens to buy large quantities of gold investors, the issue of low price.



said a number of shop owners gold jewelry in Baghdad for «future» that the price of buying and selling gold in the general areas of the capital decreased significantly without knowing the real reasons behind low price of gold.



predicted shop owners continued decline in selling prices and buy gold for the coming weeks to very low levels amid the apparent decline in the price of buying and selling currency is currently.



He was an economist, had confirmed the Future for last week that the reasons for the decline in gold prices in Iraq due to the introduction of some countries the global gold producer amounts of gold to global markets for sale and speculation which impact on all gold prices in the world.


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Guess the controversy of where the funds should still go, are still going on since belows date of the article.... :(

published on Monday, July 22 / July 2013 03:30