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Economists: the central bank managed to maintain the stability of the dollar


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Economists: the central bank managed to maintain the stability of the dollar

Post by rocky on Wed 15 Aug 2018, 4:34 am

Economists: the central bank managed to maintain the stability of the dollar  

Domestic markets did not record any changes in the dinar exchange rate against the US dollar as the central bank responded to the demand for the dollar, which is more than $ 200 million per day.
A number of businessmen fear that the dinar will depreciate against the dollar in the coming days after US sanctions against Iran have been imposed because of its non-compliance with the nuclear file.
"The monetary policy supervised by the Central Bank is considered a successful policy in the face of crises that are exposed to the economy, which helped stabilize the dollar exchange rate against the dinar," said banking expert Abdul Rahman al-Sheikhli in his interview for "Economy News" The central bank to increase the amount of dollars sold through the currency window is one of the solutions to face the devaluation of the dinar, "but this increase will be negatively affected because these to increase the expenditure is from Iraq's reserves
On the other hand, economic expert Falah al-Lami, with Sheikhli, agreed on the policy of the Central Bank to confront any rise in the value of the dollar. Al-Lami said in his interview with "Economy News" that "the fiscal policy pursued by the Central Bank in light of the deterioration of the economy of neighboring countries is a successful policy."
He stressed that "the Central Bank of Iraq adopts a successful policy in maintaining the dollar exchange rate against the dinar, which makes him change the amount of sales of foreign currency traded in the market."
He noted that "the dollar exchange rate in Iraq is adversely affected by what is happening in neighboring countries that affect the economy significantly, in addition to fear of smuggling hard currency to some countries."
There are some branches of the banks of neighboring countries that may help to smuggle currency to their countries that there are no controls or conditions in selling and identify companies that deal with the outlets of the Central Bank for the sale of hard currency.                                                            Iraq News Source:  [You must be registered and logged in to see this link.]

    Current date/time is Sat 22 Sep 2018, 4:14 am