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Central Bank rising dollar because businessmen took advantage of the amendment by the Finance Committee in the House of Representatives
25/3/2015
Confirmed Wednesday the Iraqi government about the existence of sufficient stocks of hard currency and lack of fear of rising US dollar.
He said the prime minister for economic affairs adviser appearance of Mohammed Saleh, said that the central bank sales of the dollar was up to about 200 and 300 million dollars per day, so in the House of Representatives and in Article 50 of the Budget Law of the Finance Committee decided to make the central bank sales of up to $ 75 million per day from In order to maintain the market and not wasting the dollar.
Saleh added some traders and businessmen took advantage of this modification done by the Finance Committee in the probe of Representatives, Vogrkoa market import goods is necessary, boosting demand for the dollar has increased and therefore higher selling price, noting that 75 million dollars is sufficient to meet the market need, so can not be hold Bank procedures Central responsibility rising dollar and neglect these.
Saleh continued to have no fear of the deterioration of the Iraqi currency against the dollar because the central bank has enough reserves and reassured of hard currency dependent on oil revenues.
Haitham al-Jubouri, the Finance Committee in the House of Representatives has said that the reason for this increase is due to the fault of the Central Bank when the inventory sell the currency on the government and private banks and banking offices, leaving traders to buy the currency on the black market because of their inability to wait to take their roles in the private banks.
Salih stressed that this rally will not last long and that the coming days will witness a breakthrough to the crisis with a budget to follow the policy of the liquidity in the market and the size of the reserve and flow.
The dollar has risen in the local markets for the Iraqi dinar for up to 1130 selling price of the Iraqi dinar against the one after that 1120 was one of the dinar in the past month.
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25/3/2015
Confirmed Wednesday the Iraqi government about the existence of sufficient stocks of hard currency and lack of fear of rising US dollar.
He said the prime minister for economic affairs adviser appearance of Mohammed Saleh, said that the central bank sales of the dollar was up to about 200 and 300 million dollars per day, so in the House of Representatives and in Article 50 of the Budget Law of the Finance Committee decided to make the central bank sales of up to $ 75 million per day from In order to maintain the market and not wasting the dollar.
Saleh added some traders and businessmen took advantage of this modification done by the Finance Committee in the probe of Representatives, Vogrkoa market import goods is necessary, boosting demand for the dollar has increased and therefore higher selling price, noting that 75 million dollars is sufficient to meet the market need, so can not be hold Bank procedures Central responsibility rising dollar and neglect these.
Saleh continued to have no fear of the deterioration of the Iraqi currency against the dollar because the central bank has enough reserves and reassured of hard currency dependent on oil revenues.
Haitham al-Jubouri, the Finance Committee in the House of Representatives has said that the reason for this increase is due to the fault of the Central Bank when the inventory sell the currency on the government and private banks and banking offices, leaving traders to buy the currency on the black market because of their inability to wait to take their roles in the private banks.
Salih stressed that this rally will not last long and that the coming days will witness a breakthrough to the crisis with a budget to follow the policy of the liquidity in the market and the size of the reserve and flow.
The dollar has risen in the local markets for the Iraqi dinar for up to 1130 selling price of the Iraqi dinar against the one after that 1120 was one of the dinar in the past month.
[You must be registered and logged in to see this link.]
