View Full Version : a maximum period of two months 04-10-2015

04-10-2015, 09:54 PM
Parlimentary Finance expects the stability of the dinar against the dollar in a maximum period of two months

10/04/2015 11:03 |
Trend Press - special

Parliamentary Finance Committee attributed, on Friday, the reason for the high price of the US dollar against the Iraqi dinar to the text of the General Budget Law, which does not allow the sale of the central bank a day more than $ 75 million maximum.

Committee member Ahmed Sarhan In an interview with "The trend Press," said the text of the law under the central bank sales significantly from the sale of hard currency is the reason for the lack of supply and increasing demand, which resulted in a rush of traders and businessmen to buy it, which naturally led to high price He expected the stability of the dinar in a maximum period of two months.

He added that despite this rise, but the central bank restricts this law and shall be obligated to sell a specified quantity of the dollar will contribute to the stability of the market and the Iraqi dinar, referring to it as passed by both Lebanon and Jordan from the oscillation problems at local currencies after their legislation to the law required banks to sell a certain amount of foreign currencies.

Referred to as the US dollar has risen significantly in front of the Iraqi dinar exchange rate,amounting to about 1350 to the dollar amid expectations of a height in the coming days.