Dollar rises to more than 1,350 dinars, and experts hold the central bank responsibility
04/19/2016
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[rtl]BAGHDAD / JD / .. is witnessing the US dollar exchange rate significant rise against the Iraqi dinar in the domestic market, in spite of the specialists of the Central Bank claims to preserve the stability of the dollar's exchange rate against the dinar, with no manipulation of the cash reserve, has attributed a number of experts and specialists in the financial affairs the economic reason for the high dollar against the dinar to several reasons, the most important of increased demand for the dollar in the domestic market as a result of the political and security of the current situation which prompted citizens fear the national currency deterioration, as well as lower central bank sales and the high price of the dollar globally, loaded with the central bank responsibility for that because he could not control over the buying and selling in the Iraqi market.[/rtl]
[rtl]And it reached the US dollar against the Iraqi dinar in the domestic market during the past few days 0.130750 dinars per hundred dollars.[/rtl]
[rtl]He says the decision parliamentary Finance Committee Haji Rashid Ahmed, said that there are several reasons why the US dollar rises and suddenly Hkber in front of the Iraqi dinar, which rise globally and that is what effect it inside Iraq since Iraq sell its oil in dollars.[/rtl]
[rtl]Rashid and he told / KD / The citizens began to fear the political situation and the unrest in the Iraqi street of sit-ins and protests and political problems caused them to purchase large quantities of the dollar and keep it for fear of the local currency deterioration, making there is an increasing demand for the dollar in the domestic market.[/rtl]
[rtl]He noted that the central bank reduced its sales from the central bank in the past few days and this also affected the dollar amount offered in the market in light of the growing demand.[/rtl]
[rtl]For his part, economist Adel Mandalawi warned of the deterioration of the local operation under the soaring price of the US dollar, blaming the central bank responsibility for failing to take necessary measures to maintain the stability of the dollar exchange rate.[/rtl]
[rtl]He told Mandalawi / KD / The soaring price of the dollar against the dinar sets off alarm bells on the local currency may rise more and more in the absence of central bank intervention.[/rtl]
[rtl]He added that monetary policy currently used by the central bank is very bad and is able to maintain the stability of the dinar exchange rate, as well as it has made monetary reserves is decreasing constantly, calling on the Central Bank to take quick action to save the local currency. / End 8 /[/rtl]
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