Political Differences, Problems of Neighboring Countries Behind the Fluctuation of the Value of the Dollar Against the Dinar
|July 28, 2012||Filled under Featured Article|
Said financial expert Mohsen Ali, the presence of internal and external factors control the increase of the exchange rate of U.S. dollar against the Iraqi dinar, saying, that the Central Bank and the Iraqi Stock Exchange does not bear a reason for that.
Ali said in a press statement: The Central Bank is working hard since (2003) to increase the value of the Iraqi dinar against the U.S. dollar and keep its price for a long time, but the exchange rate of U.S. dollar against the dinar a result of internal factors that have occurred recently in the country Kalnsaat the political and the U.S. withdrawal and other factors external is of economic sanctions and international threats to neighboring countries.
He added, can not be to one that carries the responsibility of the cause of high exchange rate of U.S. dollar during the current period, whether the central bank or the Iraqi Stock Exchange, as it occurs in all countries of the world that have passed the same conditions that fought Iraq in the current period.
The Finance Committee, the parliamentary carried the cause of the high value of the dollar against the dinar Iraqi companies registered in the Iraqi market for securities as a result Mtagertha in its share of the dollar that you receive from the bank by selling the currency instead of buying them for goods and cargo. and declining exchange rate of the Iraqi currency in a banner during the past few days against foreign currencies, especially the dollar, raising fears of citizens the continued decline, and attribute some of this decline to the resort’s central bank to implement more stringent measures in the recent past regarding its sales of hard currency, especially the dollar, which has led to a lack of circulation of U.S. currency in the markets and increase demand and therefore high value against the dinar, but some the other believes that the currency’s decline is due mainly to the U.S. withdrawal from Iraq and the growing political divisions that threaten the stability of the country and weaken confidence in national currency.
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