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Parliamentary Finance: Dollar rises against the dinar has a direct impact on the ordinary citizen
03/04/2015 05:39 |
Parliamentary Finance Committee Ezzat, Friday, reasons for the high US dollar exchange rate against the Iraqi dinar to a lack of revenue and the policy of the central bank.
Committee member Najiba Najib, in an interview with "The trend Press," said that the most important reasons for the low price of the Iraqi dinar, or the US dollar is the package of measures taken by the Central Bank and the procedures for imposing taxes and customs. Indicating that the lack of revenue because of the security and economic conditions of the country contributed to the rise in the dollar's exchange rate.
Najib explained that the dollar exchange rate is also affected by supply and demand in the market, according to the follow-up pricing and marketing policy of hard currency in Iraq, there is a relative reduction in supply can be an increase in demand, which led to the price rise.
Najib added that there are ongoing meetings between the central government and the competent committees and the Central Bank in order to develop solutions to food processing and the fact that the high dollar exchange rate directly affects the ordinary citizen.
Economic adviser to Iraqi Prime Minister promised that the rise in the dollar's exchange rate against the dinar serve Iraq, through the creation of inter variables positive, such as providing new jobs and stimulate different working local production sectors, indicating that the low price is a "support" for foreign importer at the national account .
said Abdul Hussein Anbuge, "The foreign currency was wasted in Iraq at large, the Government does not know the volume of imports and where to go orders," noting that "the government is seeking to put an officer on through import by letters of credit identification . "
He added Anbuge, that "taxes The customs tariff on imports will be implemented when the opening credits, "noting that" foreign exchange will not be given to the banks, but when you open the credits of real imports to ensure that back goes from abroad in the form of goods and services. "
He stressed Anbuge, the dollar rise in the interest of Iraq, attributing to the possibility of the dollar smuggling cheap from Iraq, because the citizen and merchant and importer buys and pays for outside .
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03/04/2015 05:39 |
Parliamentary Finance Committee Ezzat, Friday, reasons for the high US dollar exchange rate against the Iraqi dinar to a lack of revenue and the policy of the central bank.
Committee member Najiba Najib, in an interview with "The trend Press," said that the most important reasons for the low price of the Iraqi dinar, or the US dollar is the package of measures taken by the Central Bank and the procedures for imposing taxes and customs. Indicating that the lack of revenue because of the security and economic conditions of the country contributed to the rise in the dollar's exchange rate.
Najib explained that the dollar exchange rate is also affected by supply and demand in the market, according to the follow-up pricing and marketing policy of hard currency in Iraq, there is a relative reduction in supply can be an increase in demand, which led to the price rise.
Najib added that there are ongoing meetings between the central government and the competent committees and the Central Bank in order to develop solutions to food processing and the fact that the high dollar exchange rate directly affects the ordinary citizen.
Economic adviser to Iraqi Prime Minister promised that the rise in the dollar's exchange rate against the dinar serve Iraq, through the creation of inter variables positive, such as providing new jobs and stimulate different working local production sectors, indicating that the low price is a "support" for foreign importer at the national account .
said Abdul Hussein Anbuge, "The foreign currency was wasted in Iraq at large, the Government does not know the volume of imports and where to go orders," noting that "the government is seeking to put an officer on through import by letters of credit identification . "
He added Anbuge, that "taxes The customs tariff on imports will be implemented when the opening credits, "noting that" foreign exchange will not be given to the banks, but when you open the credits of real imports to ensure that back goes from abroad in the form of goods and services. "
He stressed Anbuge, the dollar rise in the interest of Iraq, attributing to the possibility of the dollar smuggling cheap from Iraq, because the citizen and merchant and importer buys and pays for outside .
[You must be registered and logged in to see this link.]
