Iraqi dinar rises against the UAE Dirham
Baghdad/JD: Report exchange market in Dubai, the Iraqi dinar rose against the dirham over the past week by 0.26%.
Experts said in a report (statement) UAE fell relatively conversion movement and speculation and Exchange last week in Forex trading companies in UAE, coinciding with the start of the new school year and the end of the holiday season, where declining at this time of year rates of liquidity in the forex markets
Sudesh said lime Vice-President of Xpress Money Exchange in Dubai, the exchange market in the State is normal activity at this time of year, while continued strong movement of remittance activity over the past week for the Asian communities in the State, noting that most foreign remittances from the UAE goes to India, Pakistan, the Philippines, Bangladesh, Sri Lanka, Egypt and Nepal, and across traditional transformation methods or via mobile phone or transferred to the bank accounts of consumers.
Read More Link on Right
Workers in the UAE market, the Iraqi dinar rose against the dirham over the past week by 0.26%, 0.0032, 0.15% of the Jordanian dinar, registering 5.1805 dirhams. The Algerian dinar fell 0.30 percent, registered 0.0457 AED. There is no record of Sudanese pound, change registered 1.3749 AED. And the AED 0.0168 Yemeni rial and the pound registered 0.0024 AED. While the Moroccan Dirham AED 0.58% registered 0.4164.
Bankers Egyptians denied rumors on linking the pound slipped against the dollar exchange rate and conditions of the International Monetary Fund to approve granting Government loan negotiating with the Fund over a year ago.
The pound fell to its lowest level in more than seven and a half years, after the publication of Central Bank data on Egypt's reserves of foreign currency. The EFG Hermes holding that Central Bank appears committed to a policy of gradual decline in the pound, adding: refers to pound weakness that the Central Bank is moving more boldly than we expected, relatively expected to arrive in the exchange rate of the pound against the dollar to about 6.25 pounds at the end of the year, up to 40 pounds in 2013.
In Syria, the Prime Minister issued a decision determining the dollar b 60 pounds in the General State budget for 2013, an increase of 5 pounds almost dollar budget 2012, where the US dollar, pounds were 54.59 Bank of Syria the Central book States that the Council of monetary and credit policy and manage cash in Syria, with little demand continued to buy lira, with continued movement conversion to Exchange branches in safe areas in the country, recorded 18 441 Syrian pound Compared to DRAM.
And globally, the currency market fluctuations GLBT as press conference of the President of the European Bank, Mario draghi, following the adoption of the Bank's decision to install the interest rate, to remain at 0.75% and unchanged in September. The focus is now on statements by draghi on details of the plan to buy government bonds, which are supposed to calm high return on bonds most States have faltered in the euro zone.
According to Reuters, the euro rose to its highest level in two months, following the decision to install $ 1.2652 to interest, compared with about $ 1.2615 before resolution.
The single currency rose against the yen also recorded their highest in two months when 99.299 Yen.