Relative balance of supply and demand for the dollar

Relative balance of supply and demand for the dollar



05/02/2017 0:00

Baghdad / Mustafa al-Hashemi
Stabilize the dollar exchange rate reduction requires manipulation at official exchange rate set by the central bank of 1190 dinars per dollar to do after you buy it at the official rate to sell an amount exceeding 1225 dinars to the dollar these days.
Ammar Ali al - Rubaie , a shop owner banking confirmed the control of a small number of banking companies and financial transfer on the dollar market, pointing to the existence of a state monopoly in the currency market, noting that these companies are the actual controller in the exchange rate of the informal through its control over the supply and demand in the banking market .
He explained when selling foreign currency companies to the owners of banking offices , they sell at a high price when buying and imposing a low price that guarantees them achieve imaginary profits in a very short time.
He saw that the citizen is the only one affected by this process altogether, explaining that the difference between the official price set by the central and the price at which the dollar is sold in shops , banking more than 5 tiger borne by any citizen because of the greed of the owners of a limited number of major banking companies.
Because of the circumstances experienced by Iraq in the nineties of the last century and the collapse of the value of the dinar has both traders and citizens resorted to the acquisition of the dollar and dealing in buying and selling as a substitute for the national currency being more stable as they claim.
And the role of the central bank in control of this economic situation academic d said. Majid Baidhani: The Central adopted since the proceedings against wishing to enter the currency auction banks aimed at reducing suspicions of money laundering, which would legalize the sale of currency for those banks and achieve relative stability in the dollar market.
He said in an interview for "morning" that the dollar amounts sold Khawwalat are closer than the quantity sold at home means there is a balance in the proportion of Midyat supply and demand in this aspect.
Dinar exchange rates against the dollar and recorded stable over the past two days , where the sale price of the dollar reached yesterday 125.750 dinars while the purchase price of 124.750 dinars.
On the reason for the small traders and shopkeepers to sell their wares in foreign currency Ahmed Mahmoud, the owner of the markets, it shows that the reason is that the trader may have bought his goods in dollars , which means that it sold the dollar to recover his money with a profit margin.
He added , in all countries of the world when you buy different goods from supermarkets , it will reduce the total price of what you bought, either in Iraq , this is the case rare for several reasons , including the owner of the shop alternative electricity needs from private generators and their owners , in turn , to Aigdmon performances for the price of amperes and therefore have market owners to refrain from cutting prices to citizens.

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