Economic centre: sell the dollar as the market need with control of the sale process will be settled of the dinar exchange rate

Posted: July 23, 2013 in Iraqi Dinar/Politics
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23-07-2013 12:51 PM

Baghdad (newsletter). The economic information center said Muhammad Ali Dergham, the continued sale of US dollars from the auction of Central Bank by market need to tighten control over the sale process will enhance the stability of the dinar exchange rate against the dollar.

He Mehmet Ali (News Agency): the exchange rate of the dollar is determined by supply and demand, supply and price increases reduces the control of specific groups with the exchange rate and the monopoly sales in specific ports and is encouraged to reduce the exchange rate for the dollar.

He added: that whenever you edit the remittances and open to the private sector through private banks and the rate of Exchange approved by the Central Bank will devalue the dollar, indicating that continued sale in General under real market will need the required abundance which supports the stability of the dinar exchange rate.

He called Muhammad Ali: the Monetary Authority to actually control near the ports of monopoly or abuse of the beneficiaries of increased exchange rate to maintain the flow of foreign currency into the market smoothly

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