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Economist: Rising oil prices will revive the dollar market
09:08 - 25/04/2018
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Information / Baghdad ..
The economic expert, Majid al-Suri, on Wednesday, that the rise in oil prices is a factor in the recovery of the dollar market in Iraq, where the rise in the financial abundance of the Central Bank.
"Many internal factors in Iraq affect the dollar exchange rate, where security operations, central bank procedures and the political region play a role in the rise and fall of the dollar exchange rate," al-Suri said in a statement.
"There is security stability in Iraq and at the same time there is a large accumulation of imported goods enough for years, in addition to the measures of the Central Bank eased restrictions on the circulation of the dollar inside Iraq."
"The increase in oil revenues means increasing the amount of dollars the government sells to the central bank, so there will be an increase in the reserves of the central bank, where the bank can provide the largest amount of demand on the dollar in the market and make him the first controlling dollar exchange rate." Ending / 25 n
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