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Joint efforts to reduce the high prices of the dollar
4/20/2015 0:00
BAGHDAD
attributed the Parliamentary Finance Committee, reasons for the high hard currency rates against the Iraqi dinar, to a number of reasons, the most prominent of freezing the budget by the government and fear of the citizen of the Iraqi economy is shrinking as well as the decline in central bank sales of the dollar, confirming the presence of a determined effort by the Commission Finance and the Central Bank to study the issue and develop solutions consistent with the Iraqi economy.
rapporteur of the Finance Committee Ahmed al-Haj Rashid said in a statement the "morning" that there is a constitutional violation represented freeze paragraphs of the budget, adding that the freeze should not be done without a court decision.
He added MP, said there are many reasons that led to increased demand for foreign currency, most notably determine the specific roof of sales Auctions currency, noting that the Central sold in the period of January and to the fifteenth of April, through its daily auction nearly $ 14 billion, While Central sales in the same period of this year did not exceed 8 billion, which led to increased demand for foreign currency.
He noted the decision of the Finance Committee that the other reason that the shares up dollar prices in the country, is the presence of fear of the Iraqi economy is shrinking, and thus became a citizen needs to currency, pointing at the same time that the cash inflows to the country expenses can not be matched cash expenses emerging from it, causing it to increase the price of Atar.onoh Alhaji Rasheed, the existence of a joint effort by the Finance Committee and the Central Bank in order to reduce the currency rise and develop solutions consistent with the Iraqi economy .okan CBI, submitted an appeal to the Government to paragraph 50 of the financial budget for the current 2015 law, and it needs to sell $ 75 million per day, and a description of this paragraph "Balgraybh and dangerous" being subject to the central bank to government guidelines, as he emphasized that paragraph did not explain in the first and second readings and "squeezed" in the final moments.
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4/20/2015 0:00
BAGHDAD
attributed the Parliamentary Finance Committee, reasons for the high hard currency rates against the Iraqi dinar, to a number of reasons, the most prominent of freezing the budget by the government and fear of the citizen of the Iraqi economy is shrinking as well as the decline in central bank sales of the dollar, confirming the presence of a determined effort by the Commission Finance and the Central Bank to study the issue and develop solutions consistent with the Iraqi economy.
rapporteur of the Finance Committee Ahmed al-Haj Rashid said in a statement the "morning" that there is a constitutional violation represented freeze paragraphs of the budget, adding that the freeze should not be done without a court decision.
He added MP, said there are many reasons that led to increased demand for foreign currency, most notably determine the specific roof of sales Auctions currency, noting that the Central sold in the period of January and to the fifteenth of April, through its daily auction nearly $ 14 billion, While Central sales in the same period of this year did not exceed 8 billion, which led to increased demand for foreign currency.
He noted the decision of the Finance Committee that the other reason that the shares up dollar prices in the country, is the presence of fear of the Iraqi economy is shrinking, and thus became a citizen needs to currency, pointing at the same time that the cash inflows to the country expenses can not be matched cash expenses emerging from it, causing it to increase the price of Atar.onoh Alhaji Rasheed, the existence of a joint effort by the Finance Committee and the Central Bank in order to reduce the currency rise and develop solutions consistent with the Iraqi economy .okan CBI, submitted an appeal to the Government to paragraph 50 of the financial budget for the current 2015 law, and it needs to sell $ 75 million per day, and a description of this paragraph "Balgraybh and dangerous" being subject to the central bank to government guidelines, as he emphasized that paragraph did not explain in the first and second readings and "squeezed" in the final moments.
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