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By Adminsa 05.02.2015 11:31 | Views: 1224 Font Size: Decrease font Enlarge font
Determine the dollar sales lead to rise against the dinar
News / Wissam Al Mulla
Led House of Representatives decision to select the central bank sales of the dollar, the roof does not exceed $ 75 million a remarkable increase in the Iraqi market, which led to his arrival to 127 dinars, while the financial confirmed in Parliament that determine the central bank sales ceiling to try to reduce the hard currency out of Iraq, economic Parliamentary turn saw that what is taken from the Central Bank of the dollar does not equal the value of what enters the goods, pointing to the existence of money laundering could lead to the funding of terrorism, the central bank stressed that he did not legalize sell the dollar, because the law has not been ratified by the presidency, was not published in the Official Gazette to become effective, noting can not determine the amount of selling the currency, because it will reflect negatively on the financial and economic reality. "
He says the parliamentary finance committee member Masood Haider said, "Article 50 of the Budget Law obliges the central bank to determine sales of the dollar ceiling does not exceed $ 75 million, with the exercise of justice in the sale."
Haider said in a statement (the news) that "the Central Bank is authorized to take the necessary measures to maintain the strength of the Iraqi dinar procedures," he said, adding that the process of rising prices in the natural light of the economic situation is volatile. "
And member of the parliamentary finance that "Iraq has a tremendous amount of hard currency, so we took the decision to determine the central bank sales, and made it illegal substance."
The Iraqi Central Bank to sell dollars to banks at a price of 1166 dinars.
It is noteworthy that the current year's budget law, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in daily auction ceiling does not exceed 75 million, with the exercise of justice in the sale, and claim the participant in the auction the bank providing the introduction of goods and data documents settling accounts and tax savings Alkmarki within 30 days from the date of purchase of the amount, otherwise it applies penalties stipulated in the central bank law or instructions issued by him, and the use of other banking tools to maintain the strength of the dinar against the dollar.
For her part, member of the Committee on Economy and Investment parliamentary Nora Albjara that "the House of Representatives put a paragraph in the budget to determine the central bank sales, noting that" the central bank was selling $ 250 million a day, without the commitment ceilings. "
Showed Albjara told (the news) that capping the sales dollar at the central bank will determine the goods entering Iraq, "calling for the central bank to use other tools, and diversity in the financial Ssayasth and control of the economic and financial situation, and not rely on the auction currency."
She pointed to the presence of more than five tools as possible to the bank that handles the ones giving loans and interest, the balance between selling currency tools and other tools to control the market price, asserting that "determining the House of Representatives of the sales the central bank to reduce the waste of public money," pointing out that "Iraq the only country where the money is wasted on the back of selling the currency. "
"The value of what is taken from the Central Bank of hard currency does not equal the value of what enters into Iraq from goods", and continued, "that the central bank pulls him daily about $ 250 million and only $ 50 million enters almost."
For his part, Director of the release of the central bank Ahsan Yasiri that "the law of the House of Representatives has not yet been implemented, but after the ratification of the Presidency of the Republic and its publication in the Official Gazette," stressing that "determine the amount of dollar selling may not be, because he wants a political central bank identification Finance. "
He Yasiri told (the news) that the central bank tries to delete this article and treatment with specialists to return things to what it is, noting that "monetary policy can not be given a signal by the financial law," adding that "the high price is the supply and demand for central bank codifies not sell the dollar. "
He stressed that "the central bank is authorized to maintain the ability of the Iraqi dinar, provided that you do not have a legal materials." He explained that "the central bank is committed to the exchange rate and the amount of supply in the market." He pointed out that "the central bank met with customs and taxes for the development of a specific mechanism, to ensure that every dollar sold must meet the tax and income Alkmarki Komanat."
"The demand for the dollar among the public led to the high price, the bubble will be gone within days," he continued to have a problem that the height that gets difficult coming off, but the central bank's actions are trying to return to the dollar compared to the normal price. "
[You must be registered and logged in to see this link.]
By Adminsa 05.02.2015 11:31 | Views: 1224 Font Size: Decrease font Enlarge font
Determine the dollar sales lead to rise against the dinar
News / Wissam Al Mulla
Led House of Representatives decision to select the central bank sales of the dollar, the roof does not exceed $ 75 million a remarkable increase in the Iraqi market, which led to his arrival to 127 dinars, while the financial confirmed in Parliament that determine the central bank sales ceiling to try to reduce the hard currency out of Iraq, economic Parliamentary turn saw that what is taken from the Central Bank of the dollar does not equal the value of what enters the goods, pointing to the existence of money laundering could lead to the funding of terrorism, the central bank stressed that he did not legalize sell the dollar, because the law has not been ratified by the presidency, was not published in the Official Gazette to become effective, noting can not determine the amount of selling the currency, because it will reflect negatively on the financial and economic reality. "
He says the parliamentary finance committee member Masood Haider said, "Article 50 of the Budget Law obliges the central bank to determine sales of the dollar ceiling does not exceed $ 75 million, with the exercise of justice in the sale."
Haider said in a statement (the news) that "the Central Bank is authorized to take the necessary measures to maintain the strength of the Iraqi dinar procedures," he said, adding that the process of rising prices in the natural light of the economic situation is volatile. "
And member of the parliamentary finance that "Iraq has a tremendous amount of hard currency, so we took the decision to determine the central bank sales, and made it illegal substance."
The Iraqi Central Bank to sell dollars to banks at a price of 1166 dinars.
It is noteworthy that the current year's budget law, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in daily auction ceiling does not exceed 75 million, with the exercise of justice in the sale, and claim the participant in the auction the bank providing the introduction of goods and data documents settling accounts and tax savings Alkmarki within 30 days from the date of purchase of the amount, otherwise it applies penalties stipulated in the central bank law or instructions issued by him, and the use of other banking tools to maintain the strength of the dinar against the dollar.
For her part, member of the Committee on Economy and Investment parliamentary Nora Albjara that "the House of Representatives put a paragraph in the budget to determine the central bank sales, noting that" the central bank was selling $ 250 million a day, without the commitment ceilings. "
Showed Albjara told (the news) that capping the sales dollar at the central bank will determine the goods entering Iraq, "calling for the central bank to use other tools, and diversity in the financial Ssayasth and control of the economic and financial situation, and not rely on the auction currency."
She pointed to the presence of more than five tools as possible to the bank that handles the ones giving loans and interest, the balance between selling currency tools and other tools to control the market price, asserting that "determining the House of Representatives of the sales the central bank to reduce the waste of public money," pointing out that "Iraq the only country where the money is wasted on the back of selling the currency. "
"The value of what is taken from the Central Bank of hard currency does not equal the value of what enters into Iraq from goods", and continued, "that the central bank pulls him daily about $ 250 million and only $ 50 million enters almost."
For his part, Director of the release of the central bank Ahsan Yasiri that "the law of the House of Representatives has not yet been implemented, but after the ratification of the Presidency of the Republic and its publication in the Official Gazette," stressing that "determine the amount of dollar selling may not be, because he wants a political central bank identification Finance. "
He Yasiri told (the news) that the central bank tries to delete this article and treatment with specialists to return things to what it is, noting that "monetary policy can not be given a signal by the financial law," adding that "the high price is the supply and demand for central bank codifies not sell the dollar. "
He stressed that "the central bank is authorized to maintain the ability of the Iraqi dinar, provided that you do not have a legal materials." He explained that "the central bank is committed to the exchange rate and the amount of supply in the market." He pointed out that "the central bank met with customs and taxes for the development of a specific mechanism, to ensure that every dollar sold must meet the tax and income Alkmarki Komanat."
"The demand for the dollar among the public led to the high price, the bubble will be gone within days," he continued to have a problem that the height that gets difficult coming off, but the central bank's actions are trying to return to the dollar compared to the normal price. "
