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: the local banks bears no responsibility for the fluctuation of the exchange rate of the dinar agai

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Bama Diva
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: the local banks bears no responsibility for the fluctuation of the exchange rate of the dinar agai

Post by Bama Diva on Mon 14 Oct 2013, 9:02 am


Association of private banks: the local banks bears no responsibility for the fluctuation of the exchange rate of the dinar against the dollar
Monday, October 14, 2013
BAGHDAD - A citizen 

attributed the Executive Director of the Association of private banks Abdul Aziz Hassoun reason fluctuating exchange rate of the Iraqi dinar against the U.S. dollar to increase the demand for buying hard currency in the local market. said Hassoun in a press statement that the local banks to اتتحمل responsibility oscillation winning at the currency exchange, but the opposite It contributed to the support of the dinar exchange rate through its commitment to the instructions and controls imposed by the central bank. He pointed out: that the reason for the instability of the exchange rate due to the increased demand to buy the dollar in the domestic market, noting that the central bank sells daily limits (80) million dollars, but it does not accommodate the increasing demand daily. And witnessing the Iraqi dinar exchange rate fluctuation and clear against the U.S. dollar, prompting the central bank to expand its sales of hard currency in the auction to create a balance between supply and demand on the dollar, but demand for the dollar is still  high in the local market

http://almowatennews.com/index.php/2013-04-19-21-18-06/4094-2013-10-12-15-30-43.html

ron-man
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Re: : the local banks bears no responsibility for the fluctuation of the exchange rate of the dinar agai

Post by ron-man on Mon 14 Oct 2013, 9:35 am

Thanks

Neno
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Re: : the local banks bears no responsibility for the fluctuation of the exchange rate of the dinar agai

Post by Neno on Mon 14 Oct 2013, 12:46 pm

Of coarse the demand for the dollar is still high, until they have all the dinar in that they want it will continue to be.

kelnchp
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Re: : the local banks bears no responsibility for the fluctuation of the exchange rate of the dinar agai

Post by kelnchp on Mon 14 Oct 2013, 10:37 pm

Well I think if they revalue higher than the USD the locals will want the Dinar and not the USD.

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