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The parliamentary Finance: dollar by speculators is temporary will be gone
2015-03-21
Tomorrow press Baghdad the parliamentary Finance Committee, confirmed Saturday that the Central Bank's current sales of USD currency to market need, his be or become poor due to high dollar exchange rate for the dinar speculation.
The Committee Member said Majida Al-Tamimi for "tomorrow," that "according to article 50 of the budget law for the year 2015 and the Central Bank's dollar sales by $ 75 million, instead of $ 300 million a day, enough to meet the market need," Noting that "the Iraqi market is adapted to these sums."
Tamimi attributed the rise in the dollar exchange rate for the dinar "speculators", adding that "a number of weak souls and exploited the opportunities contributed to the incorrect news broadcast, made some traders believe a decline in Central Bank sales and weak reserves of the currency, which increased demand for the dollar and the high price to sell it."
Tamimi said that "this situation cannot last long and it will be gone soon so we went back to the Central Bank was working on mechanisms and procedures can reduce the sale price and make available enough among the citizens and merchants."
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2015-03-21
Tomorrow press Baghdad the parliamentary Finance Committee, confirmed Saturday that the Central Bank's current sales of USD currency to market need, his be or become poor due to high dollar exchange rate for the dinar speculation.
The Committee Member said Majida Al-Tamimi for "tomorrow," that "according to article 50 of the budget law for the year 2015 and the Central Bank's dollar sales by $ 75 million, instead of $ 300 million a day, enough to meet the market need," Noting that "the Iraqi market is adapted to these sums."
Tamimi attributed the rise in the dollar exchange rate for the dinar "speculators", adding that "a number of weak souls and exploited the opportunities contributed to the incorrect news broadcast, made some traders believe a decline in Central Bank sales and weak reserves of the currency, which increased demand for the dollar and the high price to sell it."
Tamimi said that "this situation cannot last long and it will be gone soon so we went back to the Central Bank was working on mechanisms and procedures can reduce the sale price and make available enough among the citizens and merchants."
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