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BatmaninIraq
06-18-2015, 05:24 AM
Reasons for the high exchange rate of the dinar against the dollar

The dollar gradually rose in the local markets for the Iraqi dinar has grown to more than 1,400 dinars to the dollar, compared to 1225 thousand dinars to the dollar during the month of February and 1,200 dinars to the dollar by the end of last year, 2014, and reported sources for “public opinion.” falling exchange rate to “1350” on Wednesday. Durgham economist Muhammad Ali, explained to the news agency public opinion (and babysit), reasons for the high exchange rate of the dollar against the dinar:

1. lack of transparency of the central bank and his absence from the public media Masaad to strengthen the work Balachaah
2. suspicious of the top dealers in dollars
3 between dollar holders to deprive the market
4. exploitation of the beginning of Ramadan and the growth of commercial activity of food and clothing where the demand for the dollar
5. Cancel the central bank auction entrusted the role of currency distribution to banks and banking companies
6. lack of harmony between fiscal and monetary policies
7. The most important reason in favor of the non-publication of the Supreme Council wants the acquisition of the position of Governor of the Central Bank and given to Ahmed Chalabi
8. lack of fairness in granting banking licenses and the presence of corruption in which, in addition to that the instability of the political and security situation, which in turn makes a shaky market.

BatmaninIraq
06-18-2015, 05:27 AM
Abadi: Iraqi currency strong

The prime minister Haider al-Abadi, Wednesday, that the Iraqi currency backed strongly there is no fear on the dinar exchange rate against the dollar .

BAGHDAD / Obelisk: The prime minister Haider al-Abadi, Wednesday, that the Iraqi currency backed strongly there is no fear on the dinar exchange rate against the dollar, while noting the existence of fraud and conspiracy to influence the current situation .

Abadi said in a press conference held at Baghdad airport before his departure to Tehran and I followed Alsumaria News that “the Iraqi currency backed strongly, the central bank has large reserves that cover the Iraqi currency and a half times,”

noting that he “does not exist to fear for the Iraqi dinar . “ Abadi said that “the government will strike with an iron on the manipulators at the price of the dollar,”

adding that “there is fraud and conspiracy occurred during the past few days by some who are hostile to Iraq and finance spoilers and trying to influence the current situation . ” Abadi stressed that “Iraq is fighting two wars firstly with Daash and second with against corruption and manipulators Bakot people”,

calling on citizens to “trust because dinar Mahfouz has great economic strength and propped “. He added that “Iraq has the capacity of a lot of grace and blessing of the oil thing Iraqi capabilities are able to protect our wealth and our criticism . ”

The dollar price in domestic markets to the Iraqi dinar gradually to reach more than 1,400 dinars to the dollar, compared to 1228 dinars to the dollar over the past week and 1,200 dinars to the dollar through the end of last year 2014.