monetary researcher Diaa Abdul Karim stated on Sunday that Iraqi dinar liquidity is to be had at banks and the central financial institution, because the forex public sale works to boost it domestically.
Abdul Karim told dinaropinions.com, “The currency auction sells approximately $three hundred million day by day, which increases the liquidity in Iraqi dinars, as Baghdad receives oil revenues from the Federal Reserve monthly in dollars. but, this financial institution every so often fails to deliver these sales to Iraq, that is a clean violation of financial agreements.
” He brought, “The system of securing liquidity in its entirety does not arise via rotation between greenbacks and dinars, however as an alternative via printing extra denominations of foreign money with the aid of deducting a percent of the oil sales dollar in exchange for printing Iraqi forex abroad.
” He explained that “the problem of the impact of oil prices on worker salaries and the lack of liquidity will no longer have clean outcomes at the existing time, but instead its repercussions will begin to seem after about six months if oil costs maintain to say no in international markets.”
