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Warnings of a strong dollar to more than 1,500 dinars
3/31/16
BAGHDAD / JD / .., the parliamentary finance committee warned of a rise in the dollar exchange rate to more than 1,500 dinars during the coming period, calling the central bank to take urgent steps to save the national currency, while attributed the rise in the dollar to foreign mafias and the lack of selling by the central bank .
A member of the committee MP Sirhan Ahmed told / KD /: The main reason for the rise in the dollar exchange rate of the dinar in the local market due to factors including the existence of mafias led outsiders from neighboring countries to buy large amounts of dollars from the Iraqi market and the other is the lack of dollar selling by the Bank Central until it reached to less than $ 75 million.
He added that in the absence of central bank intervention to maintain the stability of the dinar exchange rate against the dollar and the sale of control of the currency market, there is a major meltdown might get the national currency and possibly Asustek dollars percent to more than 150,000 dinars.
The dollar exchange rate. The US has seen a significant rise against the Iraqi dinar in the market during the last period where the dollar stood at 1280 dinars.
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3/31/16
BAGHDAD / JD / .., the parliamentary finance committee warned of a rise in the dollar exchange rate to more than 1,500 dinars during the coming period, calling the central bank to take urgent steps to save the national currency, while attributed the rise in the dollar to foreign mafias and the lack of selling by the central bank .
A member of the committee MP Sirhan Ahmed told / KD /: The main reason for the rise in the dollar exchange rate of the dinar in the local market due to factors including the existence of mafias led outsiders from neighboring countries to buy large amounts of dollars from the Iraqi market and the other is the lack of dollar selling by the Bank Central until it reached to less than $ 75 million.
He added that in the absence of central bank intervention to maintain the stability of the dinar exchange rate against the dollar and the sale of control of the currency market, there is a major meltdown might get the national currency and possibly Asustek dollars percent to more than 150,000 dinars.
The dollar exchange rate. The US has seen a significant rise against the Iraqi dinar in the market during the last period where the dollar stood at 1280 dinars.
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