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Special / Finance Committee throw the ball in the "playground budget law" after the rise in the dollar price
Baghdad-Iraq-Presse -10 April: the parliamentary finance committee attributed, on Friday, the reason for the high price of the US dollar against the Iraqi dinar to the text of the General Budget Law, which does not allow the central bank to sell more than 75 million dollars a day maximum.
A member of the committee MP Ahmed Sarhan's / Iraq Press / "The text of the law under the central bank sales of foreign currency largely what caused the lack of supply versus demand increase."
He said, "The low central bank sales of foreign currency paid traders and businessmen to compete for the purchase of supply Maady course to rise Saratar American," expected "the stability of the Iraqi dinar in a maximum period of two months."
But Sarhan, however, saying: "Despite the rise in the foreign currency price but restrict the Central Bank of this law shall be obligated to sell a specified quantity of the dollar will contribute to the stability of the market and the Iraqi dinar", referring to it as "what passed by both Lebanon and Jordan from the oscillation problems at local their currencies After the laws of the two countries, legislation obliges banks to sell a certain amount of foreign currencies ".
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Baghdad-Iraq-Presse -10 April: the parliamentary finance committee attributed, on Friday, the reason for the high price of the US dollar against the Iraqi dinar to the text of the General Budget Law, which does not allow the central bank to sell more than 75 million dollars a day maximum.
A member of the committee MP Ahmed Sarhan's / Iraq Press / "The text of the law under the central bank sales of foreign currency largely what caused the lack of supply versus demand increase."
He said, "The low central bank sales of foreign currency paid traders and businessmen to compete for the purchase of supply Maady course to rise Saratar American," expected "the stability of the Iraqi dinar in a maximum period of two months."
But Sarhan, however, saying: "Despite the rise in the foreign currency price but restrict the Central Bank of this law shall be obligated to sell a specified quantity of the dollar will contribute to the stability of the market and the Iraqi dinar", referring to it as "what passed by both Lebanon and Jordan from the oscillation problems at local their currencies After the laws of the two countries, legislation obliges banks to sell a certain amount of foreign currencies ".
[You must be registered and logged in to see this link.]
