dollar reduction against Iraqi dinar during next period: we have plans & programs
The Deputy Governor of the Central Bank: we have plans and programmes for the reduction of the dollar against the Iraqi dinar during the next period
Date: 2012-08-17 11: 53: 43 Friday
Baghdad (News) ... Deputy Central Bank Governor Mohammad Saleh appearance of scientific programmes and plans by the Central Bank to reduce dollar-for-dollar to dinar natural market, (1190) in the coming period.
He said Saleh (News Agency news) on Friday: the growing demand for the dollar still persists in the market, leading to a situation of confusion in the market through increased demand for dollar buying suddenly increased the price of even arrived (1300) dinars to the dollar during the past period.
He continued the policy of the Central Bank and plans of Kiss was a depreciation of the dollar gradually until he settled to a price (1240) dinars for one dollar (in the market), although the Central Bank auction sells dollar b (1189) to banks and dealers, to keep the local currency increased deterioration of the dollar to more than the number specified causes deterioration of the national currency.
He added: the plans and programmes of scientific and thoughtful to reduce the value of the dollar to dinar until it reaches its real snaps (1190) and BD (1200) dinars on the market and then are thinking away to make the dollar worth IQD through far-reaching plans to stabilize the political situation in inside and outside the country and when the market returns to state fiscal revenue.
The US dollar has soared and unprecedented in its value before the Iraqi dinar during the past months, with the dollar per b (1300), IQD, after the Governor on its price for long (1170) dinars for one dollar, generating substantial economic circles fear constantly increase its price and direct impact on the Iraqi economy.
The dollar currently equals (1240) dinars. //finished 8 n. p
"we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar" - Dr. Shabibi
ďI just did my job...You either get them out alive or you die trying. If you donít die trying, you didnít try hard enough." - Marine Sergeant Dakota Meyer, Medal of Honor recipient