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Albjara: private banks and some traders are manipulating monetary policy, the central bank measures fragile behind the dollar exchange rate fluctuations
2015/02/26
Dollar exchange rate in Iraq prices are an unprecedented rise, as the dollar price to more than 125,000, which reflected negatively on the citizen, deputies of the Economic Commission took up the central bank responsible for this volatility in prices, stressing that some private banks and traders are taking advantage of the fragile monetary policy pursued by the central bank to achieve personal goals. And Benoit, the Economic and Financial Committees will have a serious stand in this regard and will work to host the Governor of the Central Bank in the Parliament to know the real reasons behind this rise, a member of the Committee on Economy and Investment Nora Albjara said on the subject: in the budget we have identified an auction selling currencies to "75" million dollars but imposed on the Central Bank that has the second mechanisms used or posed in the market to control the dollar exchange rates. She Albjara telephone summarized by the newspaper "Iraqi observer": the central bank is responsible for the dollar exchange rate fluctuations because the procedures were not correct in this regard, and he did not take any new measures to curb the smuggling of currency or support terrorism by smuggling operations, indicating that Central bank policy in the field of selling the currency were not successful, indicating that some banks and traders took advantage of the auction currency and these operations would destroy the Iraqi economy and currency. Albjara and indicated that the beneficiary of the rise in the dollar price of some traders and banks ..
The central bank is supposed to use alternative mechanisms in transactions for control of the market situation, expected to stabilize the dollar in the next few days. Confirmed Albjara: Supposedly the financial and economic Balgantin that hosting the Governor of the Central Bank in the Parliament to know the causes of price volatility and what are the plans put in place to avoid the issue, and we must not forget the budget stopped in 2014 since a negative impact on this subject, because all of the projects in the country stopped and when voting on the 2015 budget has been active all sectors and therefore the impact on the dollar exchange rates. Showed Albjara: that more private banks operating in Iraq and travel more than 40 banks do not deal properly monetary policy and act as the offices of the banking untapped central bank policy bad in the previous time, confirmed that the majority of Iraq's money in previous years that have gone in the auction currency benefited including certain political parties linked to an unidentified third-party, those entering the goods are not worth the value of the amounts that go out of Iraq, and this has affected our economy greatly because of this hard currency and today the dollar in Iraq is as easy Unlike other countries, and all this back because of the central bank's policies wrong . She Albjara: in the past we did not have an economic policy and monetary true now and we are trying to address the mistakes of the past, but we need a long time to eliminate the merchants, banks and corrupt figures who manipulated the Iraqi market, stressing that the private banks started messing with the country's economy accounting would be a deterrent to other banks, and thus draw Policy cash successful. For its part, the deputy of the Committee for the economy Najiba Najib said in a telephone interview with the newspaper "Iraqi observer:" Regarding the issue of rising dollar exchange rates have we as a committee of parliament invitation to host the people involved in the central bank because it is responsible for the monetary policy of the country, noting that one of the causes of high prices dollar exchange rate is a state of war experienced by Iraq, which affects the economic and monetary country in general policy, noting that the central bank stopped selling the dollar to the citizen and remittances as a former sells to the owners of banking and banks at 118,000 sold in the market for 120,000 or a little more, and when stopped Bank Central to sell the currency traders took advantage of some of the banks this procedure and therefore this event imbalance in exchange rates. Najib showed that the central bank assured us he would take the necessary right of banks that disturb the monetary situation in Iraq procedures.
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2015/02/26
Dollar exchange rate in Iraq prices are an unprecedented rise, as the dollar price to more than 125,000, which reflected negatively on the citizen, deputies of the Economic Commission took up the central bank responsible for this volatility in prices, stressing that some private banks and traders are taking advantage of the fragile monetary policy pursued by the central bank to achieve personal goals. And Benoit, the Economic and Financial Committees will have a serious stand in this regard and will work to host the Governor of the Central Bank in the Parliament to know the real reasons behind this rise, a member of the Committee on Economy and Investment Nora Albjara said on the subject: in the budget we have identified an auction selling currencies to "75" million dollars but imposed on the Central Bank that has the second mechanisms used or posed in the market to control the dollar exchange rates. She Albjara telephone summarized by the newspaper "Iraqi observer": the central bank is responsible for the dollar exchange rate fluctuations because the procedures were not correct in this regard, and he did not take any new measures to curb the smuggling of currency or support terrorism by smuggling operations, indicating that Central bank policy in the field of selling the currency were not successful, indicating that some banks and traders took advantage of the auction currency and these operations would destroy the Iraqi economy and currency. Albjara and indicated that the beneficiary of the rise in the dollar price of some traders and banks ..
The central bank is supposed to use alternative mechanisms in transactions for control of the market situation, expected to stabilize the dollar in the next few days. Confirmed Albjara: Supposedly the financial and economic Balgantin that hosting the Governor of the Central Bank in the Parliament to know the causes of price volatility and what are the plans put in place to avoid the issue, and we must not forget the budget stopped in 2014 since a negative impact on this subject, because all of the projects in the country stopped and when voting on the 2015 budget has been active all sectors and therefore the impact on the dollar exchange rates. Showed Albjara: that more private banks operating in Iraq and travel more than 40 banks do not deal properly monetary policy and act as the offices of the banking untapped central bank policy bad in the previous time, confirmed that the majority of Iraq's money in previous years that have gone in the auction currency benefited including certain political parties linked to an unidentified third-party, those entering the goods are not worth the value of the amounts that go out of Iraq, and this has affected our economy greatly because of this hard currency and today the dollar in Iraq is as easy Unlike other countries, and all this back because of the central bank's policies wrong . She Albjara: in the past we did not have an economic policy and monetary true now and we are trying to address the mistakes of the past, but we need a long time to eliminate the merchants, banks and corrupt figures who manipulated the Iraqi market, stressing that the private banks started messing with the country's economy accounting would be a deterrent to other banks, and thus draw Policy cash successful. For its part, the deputy of the Committee for the economy Najiba Najib said in a telephone interview with the newspaper "Iraqi observer:" Regarding the issue of rising dollar exchange rates have we as a committee of parliament invitation to host the people involved in the central bank because it is responsible for the monetary policy of the country, noting that one of the causes of high prices dollar exchange rate is a state of war experienced by Iraq, which affects the economic and monetary country in general policy, noting that the central bank stopped selling the dollar to the citizen and remittances as a former sells to the owners of banking and banks at 118,000 sold in the market for 120,000 or a little more, and when stopped Bank Central to sell the currency traders took advantage of some of the banks this procedure and therefore this event imbalance in exchange rates. Najib showed that the central bank assured us he would take the necessary right of banks that disturb the monetary situation in Iraq procedures.
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