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Economist: Central Bank intervention in the market to keep the exchange rate of the dinar
Published on Wednesday, February 12, 2014 15:49
Written by: Super User
BAGHDAD - Awan
Deputy former central bank governor, on Wednesday, said the central bank intervention in the market to maintain the stability of the Iraqi dinar and maintain purchasing power.
He said the appearance of Mohammed Saleh told the "time", that "the Iraqi dinar is protected range is strong, and the cover of foreign currency is very high unless they are used for the purposes of reserves dedicated to the support of the Iraqi dinar."
"The currency's rise and descent depends on the actions of monetary policy, and there is nothing looming on the depreciation of the dinar against the dollar," explaining that "the central bank intervenes in the market to maintain the stability of the Iraqi dinar and maintain the purchasing power of the Iraqi dinar and this is called the value of foreign money ".
He believed that "the financial market is stable, and the stability of the indicators of whether or not to clear the relationship between the price of the Iraqi dinar against the dollar," adding that "the greatest threat to the dinar is the external conditions such as the price of oil and Iraq's revenues."
He was a member of the Committee on the economy and investment representative, accused the Central Bank, to take action intended to demolish the domestic economy, returned its decision without deliberate and aimed to hit the local currency market.
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Published on Wednesday, February 12, 2014 15:49
Written by: Super User
BAGHDAD - Awan
Deputy former central bank governor, on Wednesday, said the central bank intervention in the market to maintain the stability of the Iraqi dinar and maintain purchasing power.
He said the appearance of Mohammed Saleh told the "time", that "the Iraqi dinar is protected range is strong, and the cover of foreign currency is very high unless they are used for the purposes of reserves dedicated to the support of the Iraqi dinar."
"The currency's rise and descent depends on the actions of monetary policy, and there is nothing looming on the depreciation of the dinar against the dollar," explaining that "the central bank intervenes in the market to maintain the stability of the Iraqi dinar and maintain the purchasing power of the Iraqi dinar and this is called the value of foreign money ".
He believed that "the financial market is stable, and the stability of the indicators of whether or not to clear the relationship between the price of the Iraqi dinar against the dollar," adding that "the greatest threat to the dinar is the external conditions such as the price of oil and Iraq's revenues."
He was a member of the Committee on the economy and investment representative, accused the Central Bank, to take action intended to demolish the domestic economy, returned its decision without deliberate and aimed to hit the local currency market.
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