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Coy in the dinar value rise accompanied by a drop in demand for the dollar

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Hkp1
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Coy in the dinar value rise accompanied by a drop in demand for the dollar

Post by Hkp1 on Mon 01 Jul 2013, 7:50 pm

13/07/02


Coy in the dinar value rise accompanied by a drop in demand for the dollar




Baghdad/Bayou Eggplant

See the local market at present high shy of the Iraqi dinar against the dollar amid expectations the number of entrepreneurs and finance high value of the Iraqi dinar in the coming period to what touched the lack of demand for the dollar and citizen retains its local currency.

Says Director lights for banking and financial transfer in Harithiya district, Mohammed the "demand for the u.s. dollar has fallen strikingly," Noting that thanks to keep the local currency as it was in the past.

Adds to the extent that "the decision to lift Iraq from Chapter VII impact on our first day, the dollar had fallen dramatically.

For his part saw Mohamed kassas SAB shop in the Al-Mansur area of the banking term "the high natural value of the Iraqi dinar to the Iraq of hard currency abroad, noting that the funds received by Iraq oil sales to the US dollar and the abundance of this currency increase falling height of the dinar.

And retribution was pleased with the high value of the Iraqi dinar, if somewhat slight rise but that he expected to reach as high as the u.s. dollar in the future.

And demanded retribution for the economic aspect in the country including the Central Bank to prepare for any sudden movement in high or low value of dinar on the grounds that the decision is still new and can not know a fixed rate to the dollar for the time being.

Within said Fadhil Al-mayali, an Iraqi trader to increase value of the Iraqi dinar after the increased top speed by lifting Iraq from Chapter VII, stressing that Iraqi trade depends mainly on the dollar and might not get upset at the external level.



He said mayali "term for the fixed value of the Iraqi dinar is 118.000 dinars for $ 100
And that rise in previous periods were a result of the political conditions expected to return that value.

Mayali said that the Government was ready to market movements and exchange rates versus the dinar.

In the meantime, the Ministry of Commerce and the Federation of Chambers of Commerce that the Iraqi market during the coming months move in sale and purchase operations, particularly after the departure of Iraq from Chapter VII.

Khairallah Hassan, says Minister of trade press: Iraq today is economically after leaving the chapter VII free in dealing with many countries of the world



Jaafar al-Hamdani, head of the adds the EFCC: yesterday the world many fear entering the Iraq capital was feared much of Iraq, today we think stage for all Iraqis, particularly the private sector to build a partnership with the Iraqi Government in the process of construction and investment.

In the meantime the Vishnu, a member of the Federation of Chambers of Commerce: we must unite and fight against terrorism and the fight against corruption and corrupt people to promote the Iraqi economy.





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Re: Coy in the dinar value rise accompanied by a drop in demand for the dollar

Post by Neno on Mon 01 Jul 2013, 7:57 pm

Interesting this is indicating a float if they can not determine a fixed rate.... ;)
And demanded retribution for the economic aspect in the country including the Central Bank to prepare for any sudden movement in high or low value of dinar on the grounds that the decision is still new and can not know a fixed rate to the dollar for the time being."

randy
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Re: Coy in the dinar value rise accompanied by a drop in demand for the dollar

Post by randy on Mon 01 Jul 2013, 9:40 pm

Is a floating curancy good for us? I remember when I was in Germany there Mark floated up and down in rate.

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Re: Coy in the dinar value rise accompanied by a drop in demand for the dollar

Post by Neno on Tue 02 Jul 2013, 4:16 am

Just depends where it floats at as most currencies float with the markets.

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Re: Coy in the dinar value rise accompanied by a drop in demand for the dollar

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