The deputy governor of the Central Bank Mr. Mudheher Mohammed Saleh does not think that the Iraqi dinar return to normal, due to increased demand on the dollar, referring to the average central bank sales of foreign currency amounted to (200) million and the volume of demand to buy about half a billion dollars.
Mr. Saleh added (for the Agency news) on Wednesday: The demand for dollar-buying in the of auction the central bank is increasing every day without knowing why, the volume of demand for dollar estimated half a billion dollars and the average sales of the central (200) million, which will make the Iraqi dinar is unable to restore normal, except in the case of government control the amount of money (foreign currency) that comes out from the country.
He explained: that the state receives a foreign currency into the country through oil sales only, while the market is the one who directed those currencies abroad, which led to the lack of economic balance in the country, in addition to the Iraqi environment is not attractive to invest and to enter the foreign currency because of fluctuations political and continuing internal problems.
He said: There is no clear economic philosophy in the country to control the borders and prevent the depletion of foreign currency, in addition to the absence of an economic policy that makes a variety of financial revenues of the Iraqi economy.
The value of U.S. dollar increased against the Iraqi Dinar as a result of internal and external factors, where the U.S. dollar exchange rate (1288) dinars after it had been stable on the price of (1166) dinars.