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Parliamentary Finance outweigh lower demand for the dollar with a new currency issuance

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dizzydee
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Parliamentary Finance outweigh lower demand for the dollar with a new currency issuance

Post by dizzydee on Tue 02 Jun 2015, 9:02 pm

June 2, 2015

Parliamentary Finance outweigh lower demand for the dollar with a new currency issuance

BAGHDAD - the parliamentary finance committee suggested reduced demand for the dollar in the Iraqi market with the release of the new category of the local currency, noting that the central bank reduced sales led to increased demand and lifted the dollar exchange rate against the dinar.

Central Bank of Iraq and the process and intends to issue new paper from the category of 50 thousand dinars and 100 thousand dinars not to grudge measures aimed to revive the local market chain.


The committee member said Jabbar Abdul-Khaliq's (IMN) "The forecasts indicate lower demand for the dollar in the domestic market with the start of trading the new category of local currency," adding that "the growing demand for the dollar has caused a decline in the dinar exchange rate."

Abdul-Khaliq said that "the increasing demand for the dollar with reducing the supply of it in accordance with procedures and instructions of the Central Bank of the federal budget caused by increasing dollar exchange rates against the Iraqi dinar."

He said the Central Bank of Iraq last Saturday, he said that the 18 banks they started the adoption of a fixed selling price per dollar B1193 dinars in order to re-stabilize the exchange rate in the domestic market.

And I saw the Iraqi dinar exchange rate against the dollar decline after the record per dollar exchange rate 1330 dinars over the past two weeks.

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Screwball
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Re: Parliamentary Finance outweigh lower demand for the dollar with a new currency issuance

Post by Screwball on Tue 02 Jun 2015, 9:54 pm

Yeah but when?

Screwball
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Re: Parliamentary Finance outweigh lower demand for the dollar with a new currency issuance

Post by Screwball on Tue 02 Jun 2015, 10:04 pm

Maybe it will be same time as when they realeased the current we have sept 2003-jan 2004? So are we waiting until sep 2015- jan 2016? Just curious the IMF dates for sdr it was always posted april 29/30 except for once in sept 2003? Let's hope they intend on doing something different and end it as soon as possible!

ron-man
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Re: Parliamentary Finance outweigh lower demand for the dollar with a new currency issuance

Post by ron-man on Tue 02 Jun 2015, 11:11 pm

I agree screwbal

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