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View Full Version : The government is seeking to increase dollar sales to 125 million to reduce the value



BatmaninIraq
02-16-2015, 01:00 AM
The government is seeking to increase dollar sales to 125 million to reduce the value


2015-2-15

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BAGHDAD

Finance Committee revealed seek Cabinet to increase dollar sales to 125 million instead of 75 million to reduce its value, as pointed out that the rise in the dollar will not continue, and there is a tendency to install its price against the dinar.
The committee member said Masood Haider told / BD /: that there is a different perspective to the Council of Ministers and Central Bank on what came in the budget law which set the sale of $ 75 million a day.

He expressed the belief that it will change the amount of $ 75 million in the near future, because the state needs to sell about $ 125 million a day, which will contribute to reducing its price, indicating that the rise happening in the dollar will not continue, and there is a tendency to install its price against the dinar.

He noted the impact of foreign currency traders in the case of the dollar high at the moment, adding that the central bank the authority to maintain the value of the Iraqi dinar against the hard currency in the budget law.