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Central Bank has processors to maintain the exchange rate of the dollar
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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Central Bank has processors to maintain the exchange rate of the dollar
by Ponee Tue Apr 28, 2015 11:06 am
Parliamentary Finance Committee confirmed that the Central Bank of Iraq is the party responsible for the exchange rate of the dollar against the Iraqi dinar and maintain it.
Committee member Jabbar Abdul Khaliq said in an interview with "The trend Press" that the central bank put a lot of processors through the multiplicity of selling the dollar and foreign currency outlets in markets, to maintain the stability of the exchange rate, likely not to see the Iraqi market higher prices in the coming period due to the availability of reserve CBE,
He said Abdul Khaliq that determine the exchange of shares ceiling prices to rise during the past few days, indicating that the Commission its control and not draw the Bank's policy of being an independent body.
The Iraqi market rise in the dollar's exchange rate against the dinar reached in some cases to 1235 dinars to the dollar, the highest rate up to the exchange rate during the past two years.
He attributed the owners of banking companies rise and fall of the exchange rate is linked to the central bank, which determines its price rising or falling procedures.
It is expected to offset the rise in the dollar exchange rate of decline in the volume of trading in the stock market. SOURCE
He said Abdul Khaliq that determine the exchange of shares ceiling prices to rise during the past few days, indicating that the Commission its control and not draw the Bank's policy of being an independent body.
The Iraqi market rise in the dollar's exchange rate against the dinar reached in some cases to 1235 dinars to the dollar, the highest rate up to the exchange rate during the past two years.
He attributed the owners of banking companies rise and fall of the exchange rate is linked to the central bank, which determines its price rising or falling procedures.
It is expected to offset the rise in the dollar exchange rate of decline in the volume of trading in the stock market. SOURCE
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Re: Central Bank has processors to maintain the exchange rate of the dollar
by Terbo56 Tue Apr 28, 2015 12:43 pm
1235 dinars to the dollar means the price of the dinar is going down, compared to the '1166' we have all seen in the past, the lower the number, however, means the dinar is moving up in worth, like I have mentioned previously- $.86, =1,162, so, if the dinar shows at 0.227, the dinar would then be worth $4.40 per dinar- A one to one scenario would be $1.00=1.000-
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Re: Central Bank has processors to maintain the exchange rate of the dollar
by Goldiegirl Tue Apr 28, 2015 6:07 pm
Yes Terbo, it's going the wrong way for us.
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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