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BatmaninIraq
04-01-2016, 11:30 PM
Parliamentary Finance warns of rise in price of the dollar in the coming period
3-31-2016
Parliamentary Finance Committee, warned of a rise in the dollar exchange rate to more than one thousand five hundred dinars during the coming period, calling on the central bank to take urgent steps to save the national currency.
A member of the committee MP Sirhan Ahmed, said the main reason for the rise in the dollar exchange rate of the dinar in the domestic market, due to two factors, including the existence of mafias led outsiders from neighboring countries to buy large amounts of dollars from the Iraqi market, and the other is the lack of dollar selling by the central bank .
He added that in the absence of central bank intervention to maintain the stability of the dinar exchange rate against the dollar and the sale of control of the currency market, there is a major meltdown might get the national currency.
The dollar exchange rate. The US has seen a significant rise against the Iraqi dinar in the market during the last period.