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Parliament stresses that the persistence of high dollar and financial expert calls for unrestricted sale
2015-02-04
Range press/Baghdad
Confirmed Member of the parliamentary Finance Committee on Wednesday that the rise in the dollar "will not last long" and called for the Central Bank to use monetary tools to control the market, while the Economist can stabilize the market and the dollar's top-side, counting the financial expert that the ceiling on sales "will not be useful", stressing that the best solution is not to restrict sales of the dollar and the increase in appropriations and oversight of procurement sources.
Parliamentary: "will not last long and high dollar on the Central Bank to intervene to control the market" (QUOTE FROM PARLIAMENT)
She (THEY'RE REFERRING TO TAMIMI) is a member of the parliamentary Finance Committee, that the Committee expected the high exchange rate of the dollar to dinar, when you select the $ 75 million cap for auction, the Central Bank, the general budget law, and while not continuing that height long, asked the Central Bank to use monetary tools to control the market.(THEY'RE RESTATING WHAT WAS SAID A WEEK AGO)
MP Magda El-Tamimi, speaking to the (long press), "the parliamentary Finance Committee, predicted a rise in the dollar exchange rate dinar, when you select the $ 75 million cap for auction, the Central Bank, the general budget law", noting that "put that paragraph to the Iraqi Central Bank sales were between 200 to 250 million dollars a day, leading to the depletion of the country's foreign exchange reserves decreased from 77 to 67 billion dollars or less."
Tamimi said, "the sale of such large amounts that do not match the volume imported to Iraq, reinforcing suspicions of money laundering operations by specific actors, particularly the countries of the world in General and in particular neighbourhood, not like the auction, so keep the stability of exchange rates, against the dollar," predicted "continued high dollar exchange rate and the possibility of declining to normal over the next few days." SO SHE'S SAYING THEY HAVE TO PUT THIS CAP ON TEMPORARILY UNTIL THEY GET CONTROL OF THE MONEY LAUNDERING AND COUNTERFEITING
And demanded a parliamentary Finance Committee, Member of the Central Bank that uses the tools of monetary policy to control the market and preventing traffickers and speculators ".
Economist: the Central Bank is able to ensure the stability of the market and the dollar
For his part, ruled out the Economist, that the decision of the Parliament is responsible for the rise in the dollar, stressing that the Central Bank is able to ensure the stability of the market and the dollar to normal. - SO THIS ECONOMIST IS SAYING THAT THIS DECISION BY PARLIAMENT/TAMIMI IS CAUSING THE PRICE OF THE DOLLAR IN THE STREET/MARKET SALES TO GO UP - DUE TO DEMAND AND LACK OF SUPPLY VIA THE "NEW" REGULATION.
Majid said (THIS IS THE SAME ECONOMIST, THEY'RE MORE THAN LIKELY REFERRING TO IN THE PARAGRAPH ABOVE) the fictitious, in an interview with the (range press), "the decision of the House of representatives select the Central Bank dollar sales impact directly on the market because the rate of significant sales auction currency by 2014 years, ranged from 140 to 150 million dollars a day, returned to" natural fluctuations in the exchange rate of the dollar against the Iraqi dinar ". HE'S SAYING / JUSTIFYING THE PREVIOUS AMOUNT OF DOLLARS SOLD PER DAY WAS DUE TO THE NEED IN THE MARKET - AND THAT NEED'S NOT GOING TO STOP JUST BECAUSE THEY PUT A CAP.
Mock, felt that "the measures adopted by the Central Bank to control remittances will affect the market and the dollar, leading to its decline to normal", excluding "the ceiling Parliament resolution is selling the dollar is high." - THEY'RE RESTATING HERE THAT THIS WON'T LAST LONG - AND THE MARKET RATE WILL RETURN TO WHAT IT'S BEEN - IT'S NORMAL
The Economist said that "many factors have influenced the dollar, including security and political situation of the country, economic instability, leading to increased use of the citizens and merchants of savings by USD, so the high price", expressing his belief that "the Central Bank is able to influence the market and contribute to stability."
Financial expert: the best solution is not to restrict sales of the dollar and increased provision and control of procurement sources
On a related level counting financial expert said the decision to limit Central Bank dollar sales "will not be useful", stressing that the best solution is to compensate the Iraqi dinar and the dollar sales remain unchanged with the need to increase the appropriation and control of procurement sources and conditions by force. - BASICALLY - THE UNDERTONE OF THIS IS THAT THE PEOPLE CANNOT AFFORD THIS AND HE'S TRYING TO "EDICT" THAT THIS HAS TO STOP.
He said Salah Abdel Rahman, speaking to the (long press), "the decline of world oil prices was responsible for the rise in the dollar exchange rate for the dinar", stating that "the Iraqi citizen is worried about the future and the impact of this decline on the national economy, the push for savings in dollars and increasing demand."
Promise of Abdul Rahman, "the Parliament's decision to limit the sale of dollars by the Central Bank, futile because it will restrict the country's monetary policy because it depends on supply and demand," pointing out that "resolution could not continue for long and will lead to negative effects on the market, including the buying and selling of the dollar."
The financial expert, "the right solution is to compensate the Iraqi dinar and sales remain unchanged through greater appropriation and control of procurement sources and conditions by force."
The balancing act of 2015, the times the CBI, in its paragraph 50 - (SO THEY'RE SAYING HERE THAT THIS 'CAP' WAS ASSIGNED TO ARTICLE/AMENDMENT 50 IN THE BUDGET), select sales of hard currency (the dollar) at auction the daily ceiling of no more than 75 million dinars, with fairness in the sale, and claim the Bank participating in the auction to submit documents introducing the goods and the tax accounting data and saving alkmarki within 30 days from the date of purchase for a refund, and apply the penalties provided for in law or the instructions issued by the Central Bank and other banking tools to maintain the strength of the dinar against the dollar.
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2015-02-04
Range press/Baghdad
Confirmed Member of the parliamentary Finance Committee on Wednesday that the rise in the dollar "will not last long" and called for the Central Bank to use monetary tools to control the market, while the Economist can stabilize the market and the dollar's top-side, counting the financial expert that the ceiling on sales "will not be useful", stressing that the best solution is not to restrict sales of the dollar and the increase in appropriations and oversight of procurement sources.
Parliamentary: "will not last long and high dollar on the Central Bank to intervene to control the market" (QUOTE FROM PARLIAMENT)
She (THEY'RE REFERRING TO TAMIMI) is a member of the parliamentary Finance Committee, that the Committee expected the high exchange rate of the dollar to dinar, when you select the $ 75 million cap for auction, the Central Bank, the general budget law, and while not continuing that height long, asked the Central Bank to use monetary tools to control the market.(THEY'RE RESTATING WHAT WAS SAID A WEEK AGO)
MP Magda El-Tamimi, speaking to the (long press), "the parliamentary Finance Committee, predicted a rise in the dollar exchange rate dinar, when you select the $ 75 million cap for auction, the Central Bank, the general budget law", noting that "put that paragraph to the Iraqi Central Bank sales were between 200 to 250 million dollars a day, leading to the depletion of the country's foreign exchange reserves decreased from 77 to 67 billion dollars or less."
Tamimi said, "the sale of such large amounts that do not match the volume imported to Iraq, reinforcing suspicions of money laundering operations by specific actors, particularly the countries of the world in General and in particular neighbourhood, not like the auction, so keep the stability of exchange rates, against the dollar," predicted "continued high dollar exchange rate and the possibility of declining to normal over the next few days." SO SHE'S SAYING THEY HAVE TO PUT THIS CAP ON TEMPORARILY UNTIL THEY GET CONTROL OF THE MONEY LAUNDERING AND COUNTERFEITING
And demanded a parliamentary Finance Committee, Member of the Central Bank that uses the tools of monetary policy to control the market and preventing traffickers and speculators ".
Economist: the Central Bank is able to ensure the stability of the market and the dollar
For his part, ruled out the Economist, that the decision of the Parliament is responsible for the rise in the dollar, stressing that the Central Bank is able to ensure the stability of the market and the dollar to normal. - SO THIS ECONOMIST IS SAYING THAT THIS DECISION BY PARLIAMENT/TAMIMI IS CAUSING THE PRICE OF THE DOLLAR IN THE STREET/MARKET SALES TO GO UP - DUE TO DEMAND AND LACK OF SUPPLY VIA THE "NEW" REGULATION.
Majid said (THIS IS THE SAME ECONOMIST, THEY'RE MORE THAN LIKELY REFERRING TO IN THE PARAGRAPH ABOVE) the fictitious, in an interview with the (range press), "the decision of the House of representatives select the Central Bank dollar sales impact directly on the market because the rate of significant sales auction currency by 2014 years, ranged from 140 to 150 million dollars a day, returned to" natural fluctuations in the exchange rate of the dollar against the Iraqi dinar ". HE'S SAYING / JUSTIFYING THE PREVIOUS AMOUNT OF DOLLARS SOLD PER DAY WAS DUE TO THE NEED IN THE MARKET - AND THAT NEED'S NOT GOING TO STOP JUST BECAUSE THEY PUT A CAP.
Mock, felt that "the measures adopted by the Central Bank to control remittances will affect the market and the dollar, leading to its decline to normal", excluding "the ceiling Parliament resolution is selling the dollar is high." - THEY'RE RESTATING HERE THAT THIS WON'T LAST LONG - AND THE MARKET RATE WILL RETURN TO WHAT IT'S BEEN - IT'S NORMAL
The Economist said that "many factors have influenced the dollar, including security and political situation of the country, economic instability, leading to increased use of the citizens and merchants of savings by USD, so the high price", expressing his belief that "the Central Bank is able to influence the market and contribute to stability."
Financial expert: the best solution is not to restrict sales of the dollar and increased provision and control of procurement sources
On a related level counting financial expert said the decision to limit Central Bank dollar sales "will not be useful", stressing that the best solution is to compensate the Iraqi dinar and the dollar sales remain unchanged with the need to increase the appropriation and control of procurement sources and conditions by force. - BASICALLY - THE UNDERTONE OF THIS IS THAT THE PEOPLE CANNOT AFFORD THIS AND HE'S TRYING TO "EDICT" THAT THIS HAS TO STOP.
He said Salah Abdel Rahman, speaking to the (long press), "the decline of world oil prices was responsible for the rise in the dollar exchange rate for the dinar", stating that "the Iraqi citizen is worried about the future and the impact of this decline on the national economy, the push for savings in dollars and increasing demand."
Promise of Abdul Rahman, "the Parliament's decision to limit the sale of dollars by the Central Bank, futile because it will restrict the country's monetary policy because it depends on supply and demand," pointing out that "resolution could not continue for long and will lead to negative effects on the market, including the buying and selling of the dollar."
The financial expert, "the right solution is to compensate the Iraqi dinar and sales remain unchanged through greater appropriation and control of procurement sources and conditions by force."
The balancing act of 2015, the times the CBI, in its paragraph 50 - (SO THEY'RE SAYING HERE THAT THIS 'CAP' WAS ASSIGNED TO ARTICLE/AMENDMENT 50 IN THE BUDGET), select sales of hard currency (the dollar) at auction the daily ceiling of no more than 75 million dinars, with fairness in the sale, and claim the Bank participating in the auction to submit documents introducing the goods and the tax accounting data and saving alkmarki within 30 days from the date of purchase for a refund, and apply the penalties provided for in law or the instructions issued by the Central Bank and other banking tools to maintain the strength of the dinar against the dollar.
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