Re: Economic advisor to attribulte the rise in the dollar price of the centreal bank to restrict the sale of limited quantities

by **Ponee** Mon Apr 27, 2015 11:19 am

Economic Adviser to the Prime Minister stressed the appearance of Mohammed Saleh, on Monday, that the high dollar prices in the domestic market, due to the central bank restricts sale in limited quantities.

Saleh said in a press statement I followed Agency / Source News /, "The central bank sold restrict the amount of $ 75 million and can not overcome these quantities, due to the financial budget law, led to increased dollar."

He added that "there is a deficit in the balance of payments and the Iraqi We export our exports of oil to the dollar offset by the continuing high demand for import of goods and services purchased in hard currency from the drains of foreign currency."

He explained that "companies to buy dollars from the central bank at any Cheap No price reflects the economic situation as well as the official dollar exchange rate does not reflect the state of the economy and thus the gap get in the exchange rate."

He said that "the solution my personal opinion, be a formal reduction of the dinar and takes reasonable price have the ability to control the levels of liquidity larger because the current value of the dinar against the dollar, the price does not achieve it," ./SOURCE

by **Terbo56** Mon Apr 27, 2015 11:24 am

There will always be a problem with the dollar in Iraq, until they decide to get rid of it, and they'd still have a reason for not increasing the value of their currency- 2cents