Economist: Increase of imports, CH VII contributors that lead to fluctuation of IQD against the USD

Posted: July 11, 2013 in Iraqi Dinar/Politics
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11-07-2013 11:51 AM

Baghdad (newsletter) … Economic expert attributed the maytham winfred, Iraqi dinar exchange rate fluctuation against the u.s. dollar to change the Central Bank’s policy from time to time.

Winfred said News Agency): the previous period saw fluctuation in the dinar because Central Bank policy changes from time to time, exchange rate stability during the current period.

He continued that the causes of this oscillation is also much import the lost purchasing power in dollar terms, adding that the departure of Iraq from Chapter VII has led to increased imports and the arrival of many ships into ports of the various countries led to increased demand for the dollar.

And the exchange rate of the Iraqi dinar against the u.s. dollar fluctuated between period and other economists attributed that to much political instability are Central Bank monetary and political differences that appear from time to time in the political arena

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