Expert: the exchange rate of the dinar against the dollar will fall more in the coming days by the actions of the Central Bank of effective

Expert: the exchange rate of the dinar against the dollar will fall more in the coming days by the actions of the Central Bank of effective

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30-09-2012 | (Voice of Iraq) - Add a comment - Baghdad (news) Chief Economist Majid picture, that the exchange rate of the U.S. dollar in freefall and will equal the exchange rate of the Iraqi dinar in the next few days, praising central bank measures "successful" to reduce the exchange rate of the dinar against the dollar. He said Suri (of the Agency news) on Sunday: One of the important factors for the high exchange rate of the dollar against the dinar in the summer months the past is the high demand and tight supply and exploitation of banking companies for citizens to raise the price of the dollar, prompting the central bank to increase supply in the currency auction. He added: that the success of the actions of the Central Bank in reducing the price of the dollar against the dinar would make one dollar is equal to one Iraqi dinar in the next few days. The picture: that the decline in the dollar exchange rate was limited only to demand cash and not remittances, noting that the transfer obtained by the merchant through banks and banking companies circulated at the official rate, while the cash demand by citizens through banking offices fell to its reliance on worker supply and demand. Read more:

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Economic demands parliamentary changing central bank policy to save the national currency from degradation

BAGHDAD - babysit - a student member of the Committee on Economy and Investment deputy Aziz al-Mayahi, a new monetary policy keep pace with advances in the field of financial and banking sector in the world and change the current policy pursued by the central bank as threatening the local currency to deteriorate.


Mayahi said in a press statement that "there are a lot of negative indicators monitored in the work of the Central Bank, particularly the recent violations that occurred in the process of buying and selling the dollar in the auction and allow brokers to manipulate the exchange rate of the Iraqi dinar against the dollar."

He added: that the committee formed in the House of Representatives with respect to audit and monitor the work of the central bank auction will submit its report to the Council in the next few days, which initially indicate the presence of errors and significant violations occurred where the central bank.

He explained: that monetary policy in the country must cope with the evolution in the world, particularly in the financial and banking, in addition to the current policy pursued by the central bank proved its failure must be change current policy and the adoption of a new monetary policy to support the local currency and save it from degradation .. . p / i



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Again, what is this new MONETARY policy?

It's new ... so not what they have now ... in other words, they're clueless. Note, this is from a "student" (read junior) member of the finance committee, not anyone who matters. Like all junior members they feel the need to show how smart they are.

Kevind53 wrote:It's new ... so not what they have now ... in other words, they're clueless. Note, this is from a "student" (read junior) member of the finance committee, not anyone who matters. Like all junior members they feel the need to show how smart they are.

In other words he needs a time-out...

Put a 'Dunce' cap on him and throw him into a corner-

He added: that the success of the actions of
the Central Bank in reducing the price of the dollar against the dinar
would make one dollar is equal to one Iraqi dinar in the next few days. Hey Im sorry here but anyone that talks this talk is a friend of mine,maybe this guy is a little peice of that silver bullet we've all been looking for.....come on meh"hockmed

But in all seriousness COME ON Meh"hockmed !!!!!

I wish this article would be true.

Oh its going to be true...Cause its OUR time Mr. dinar owner......

Lol, i wish.

Me thinks he has been putting something besides tobacco in his hookah ... but we will see ....

Alright,your right I was hammerd ! Man those nugs and beer will get you everytime :appetite: