Governor of the Central Bank holds speculators responsible for rising dollar

by **Ponee** Thu Nov 17, 2016 8:26 am




He attributed the Governor of the Central Bank, on Wednesday, rising dollar exchange rate to the supply and demand and the imposition of measures on speculators, and as he emphasized that the option of reducing the value of the dinar is Matrouh time being. The governor of the central bank on the Keywords, in an interview to the (long-Presse), "The supply and demand of the reasons for the different dollar exchange rate and the central bank cut dollar sales by 40% during the past period compared to previous years to maintain a certain level of cash reserves level," noting, "the tight supply with demand remain at the same level and increased government spending on dollar revenues should open the way for speculation in the market." He added that "Another reason for the rise in the dollar exchange rate caused by the central bank to impose a lot of requirements Kalamtthal and oversight of procurement and implementation of accreditation and compliance with the rules and documentation requests operations," adding that "the central bank when it calls for specific actions must lead to action added to brokers customs Kaltbarhat tax and settling accounts and import license. " He continued that "to secure these things cost speculators amounts they pay under the table, despite the deterrent measures as a result of imbalances in some state agencies are reflected in the dollar's exchange rate," pointing out that "the lack of citizen cooperation with the Central Bank and the speculators install dollar transactions lead to the buyer the difference to pay Cash between the exchange rate and prevent pursued legally. " And on the devaluation of the dinar Keywords emphasized, that "the devaluation of the dinar is Matrouh option at the present time." It is said that the dollar exchange rate seen over the past days is relatively reduced. LINK