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Economic attributes the rise in teh dollar rate against the dinar to the scarcity of supply

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Post by Ponee Sat Mar 07, 2015 12:28 pm

Economic attributes the rise in teh dollar rate against the dinar to the scarcity of supply 9653412_orig

BAGHDAD / Source News / .. attributed specialist in economic affairs Maytham Laibi, Saturday, reasons for the high price of the dollar against the Iraqi dinar to the scarcity of supply of the dollar and Zaardh demand in the local market. He and coffee in a statement I followed Agency / Source News /, "The rise in the dollar is the difference between the official cashed price, which is sold by the central bank by currency auction, and the market price, or what is known as the price of the parallel market, which is normal happens Because of the scarcity of supply of the dollar, after determined by the government for $ 75 million, according to the general budget in 2015, despite the central bank selling more than this number every day. " He pointed out that "the scarcity of the dollar caused a gap between demand and supply on the dollar by the dealers and the public and speculators, importers and led to a rise to this level." He Laibi academic at Mustansiriya University, said that "to address rising dollar against the dinar is through the central bank to change the mechanism of the auction, and that by abandoning the cheap dollar policy and begin to reduce the value of the dinar gradually so as to reflect its true value, so that the budget will benefit from This will provide the central bank more dollars. despite the expectation high commodity prices, but the cost should be shared by the community with the government, ".

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