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Stop currency auction .. Do you address rising dollar against the dinar or reflect negatively on?
1/3/2015
~ Baghdad
at a time when economists stressed that the central bank measures the discontinuation of the auction daily currency true, others said that to stop the auction will reflect negatively on the Iraqi currency, calling on the central bank to pump large amounts of dollar to control the price and create a balance in the market local, and promised a member of the Economic Committee Rep. Nora Albjara, the central bank action to stop work daily currency auction b / right / if combined with other actions to be taken by the bank to control the price of the dollar against the Iraqi dinar.
She Albjara in a press statement that "the steps the central bank is correct steps but need other tools through which to control the non-dollar exchange rate against the Iraqi dinar, indicating that the central bank only use this tool, which led to the rise of the dollar and now has four measures can be used to control the rise of the dollar and create a balance in the market, ".oakdt Albjara, that" the suspension of work by auction currency is a good step to control the big manipulation, which happened in hard currency and stealing large amounts of dollar and smuggled abroad to support terrorist operations, and to stop the work ERA currency and inventory dollar in the bank helps the survival of the currency and not smuggled abroad, ".odat Albjara the central bank to" diversify Adaute procedural and used in dealing with the banks in order to have control over the price of the dollar, and there is no damage to the citizen ".
It is his part, said an expert on economic affairs Maytham Laibi that "banks to take such measures in cases of emergency when facing a shortage of liquidity in foreign currencies," noting that "the Iraqi banks started having these problems because of the reduction of central bank sales of the dollar." He said that "the lack of distribution of financial dollar amounts have negative effects on customers and lead to an imbalance in the banking system, and weakens the confidence of individuals in the banking system and generates a panic, and lead to significant financial withdrawals, so the reserves become inadequate, especially since these banks operating funds of others do not owns that money, which leads to market instability, in addition to a state of non-confidence in the banks that leads to a lack of deposit citizens of their money in the banks in the future, ".odaa Laibi banks dealing in foreign currency to" reassure customers, and can Tkst amounts customers and that these funds exist owed by banks and possible that you Ptksatha customers, "the To that, the economic expert on behalf of Jamil Antoine, to stop the currency auction will reflect negatively on the Iraqi currency, calling on the central bank to pump large amounts of dollar to control the price and create a balance in the market local. Said Antoine in a press statement, "The central bank action to stop the auction currency came to relieve pressure on the Bank Lids for ICON ATMs and obscure its core mission which is to maintain the transfer of funds and other operations entrusted to it", stressing that "the rise of the dollar against the Iraqi dinar was the result of a process the lack of a daily supply of the dollar in the market and as a result of a bank to stop the currency pump, pointing out that the treatment of this increase is to pump large amounts of dollar in the local market, "and in turn, an expert in economic affairs, Ahmed Fahmy, in a press statement" that "the decision to stop the currency auction can be exploited in a positive way by the Central Bank and the Iraqi government, "noting that" the implementation of the resolution correctly is not easy, because we must limit the dollar and not to take it out of the market and thus strengthen the Iraqi dinar.
"He added Fahmy, saying that" the central bank's decision can be applied correctly in case Pressure spending and reduce the affidavits and MIE Ki is not the dollar significantly. "He pointed out that" the Central Bank to develop appropriate plans for the success of the decision, "but he also said that" stop the auction may have significant disadvantages, due to increased demand for the dollar, because the bank had pumped 50 million dollars a day in the auction, which may make the dollar rises against the dinar, which leads to the Iraqi currency affected significantly. "
He drew my understanding that "the primary goal of this step is to limit the hard currency by the central bank, especially after twice the price of the dinar During the past few days, "expected to" the central bank relented in the case of the Iraqi economy negatively affected due to stop the auction of the currency. " The Central Bank of Iraq announced earlier this month to stop work ERA Bank and the adoption of the banking system as being responsible for foreign remittances. The governor of the Central Bank of the relationship, in a press statement "was finalized a new formula and leave the old ways, coupled with certain conditions can not remain governor at the central bank, which has the functions and tasks and activities of a large and important for the national economy," noting that it is not true that remains central busily selling the currency like ATM daily basis.
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1/3/2015
~ Baghdad
at a time when economists stressed that the central bank measures the discontinuation of the auction daily currency true, others said that to stop the auction will reflect negatively on the Iraqi currency, calling on the central bank to pump large amounts of dollar to control the price and create a balance in the market local, and promised a member of the Economic Committee Rep. Nora Albjara, the central bank action to stop work daily currency auction b / right / if combined with other actions to be taken by the bank to control the price of the dollar against the Iraqi dinar.
She Albjara in a press statement that "the steps the central bank is correct steps but need other tools through which to control the non-dollar exchange rate against the Iraqi dinar, indicating that the central bank only use this tool, which led to the rise of the dollar and now has four measures can be used to control the rise of the dollar and create a balance in the market, ".oakdt Albjara, that" the suspension of work by auction currency is a good step to control the big manipulation, which happened in hard currency and stealing large amounts of dollar and smuggled abroad to support terrorist operations, and to stop the work ERA currency and inventory dollar in the bank helps the survival of the currency and not smuggled abroad, ".odat Albjara the central bank to" diversify Adaute procedural and used in dealing with the banks in order to have control over the price of the dollar, and there is no damage to the citizen ".
It is his part, said an expert on economic affairs Maytham Laibi that "banks to take such measures in cases of emergency when facing a shortage of liquidity in foreign currencies," noting that "the Iraqi banks started having these problems because of the reduction of central bank sales of the dollar." He said that "the lack of distribution of financial dollar amounts have negative effects on customers and lead to an imbalance in the banking system, and weakens the confidence of individuals in the banking system and generates a panic, and lead to significant financial withdrawals, so the reserves become inadequate, especially since these banks operating funds of others do not owns that money, which leads to market instability, in addition to a state of non-confidence in the banks that leads to a lack of deposit citizens of their money in the banks in the future, ".odaa Laibi banks dealing in foreign currency to" reassure customers, and can Tkst amounts customers and that these funds exist owed by banks and possible that you Ptksatha customers, "the To that, the economic expert on behalf of Jamil Antoine, to stop the currency auction will reflect negatively on the Iraqi currency, calling on the central bank to pump large amounts of dollar to control the price and create a balance in the market local. Said Antoine in a press statement, "The central bank action to stop the auction currency came to relieve pressure on the Bank Lids for ICON ATMs and obscure its core mission which is to maintain the transfer of funds and other operations entrusted to it", stressing that "the rise of the dollar against the Iraqi dinar was the result of a process the lack of a daily supply of the dollar in the market and as a result of a bank to stop the currency pump, pointing out that the treatment of this increase is to pump large amounts of dollar in the local market, "and in turn, an expert in economic affairs, Ahmed Fahmy, in a press statement" that "the decision to stop the currency auction can be exploited in a positive way by the Central Bank and the Iraqi government, "noting that" the implementation of the resolution correctly is not easy, because we must limit the dollar and not to take it out of the market and thus strengthen the Iraqi dinar.
"He added Fahmy, saying that" the central bank's decision can be applied correctly in case Pressure spending and reduce the affidavits and MIE Ki is not the dollar significantly. "He pointed out that" the Central Bank to develop appropriate plans for the success of the decision, "but he also said that" stop the auction may have significant disadvantages, due to increased demand for the dollar, because the bank had pumped 50 million dollars a day in the auction, which may make the dollar rises against the dinar, which leads to the Iraqi currency affected significantly. "
He drew my understanding that "the primary goal of this step is to limit the hard currency by the central bank, especially after twice the price of the dinar During the past few days, "expected to" the central bank relented in the case of the Iraqi economy negatively affected due to stop the auction of the currency. " The Central Bank of Iraq announced earlier this month to stop work ERA Bank and the adoption of the banking system as being responsible for foreign remittances. The governor of the Central Bank of the relationship, in a press statement "was finalized a new formula and leave the old ways, coupled with certain conditions can not remain governor at the central bank, which has the functions and tasks and activities of a large and important for the national economy," noting that it is not true that remains central busily selling the currency like ATM daily basis.
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