* CBI attributes rise in the dollar exchange rate and high demand in Iraq to the financial constraints on some neighboring countries
The central bank attributed the rise in the dollar exchange rate and high demand in Iraq to the financial constraints on some neighboring countries.
The central bank adviser said the appearance of Mohammed Saleh in a press statement that the Central Bank observed in the month of December of last year, an increase in demand for the dollar at the auctions of Finance held by the bank and after review and identify the reasons found that this increase is not motivated by internal economic, but rather a result of the regional situation in the surrounding Iraq’s neighboring countries of east and west.
He said the central bank in favor of lenient to sell the U.S. dollar, although for this increase because the Iraqi dinar fully covered 100% of the dollar, but the problem lies in the lack of economic benefit to Iraq in the event of dealing internationally
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