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Financial Expert: It's hard to raise central bank sales of the dollar

Rocky

Rocky: Admin Assist; Posts : 280906
Join date : 2012-12-21

Post n°1

Financial Expert: It's hard to raise central bank sales of the dollar

by Rocky Tue 26 Apr 2016, 7:48 am

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Economy News / special Saw financial expert Mounir Fahmy, it is difficult to raise the central bank sales of the dollar, due to the vulnerability of oil revenues. Fahmy said in an interview for "Economy News", it can not eliminate the lower central bank sales due to the latter's dependence on oil as the sole source of the dollar, indicating that the price of the dollar at the central bank is affected by the proceeds of the sale of oil. He added that the government should stop selling the dollar only documentary credits, confirming that the request for the dollar is higher than the proportion was introduced, which leads to a significant scarcity money dollar. It is noteworthy that the central bank sales vary from time to time significantly.

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