Home
Parliamentary Finance is required to issue the two categories of fifty and one hundred thousand to address the high exchange rate
4/27/2015
BAGHDAD
US dollar continues to rise in the local market price, reaching
one dollar about 1,300 dinars, after ranging in the range of 1200, at a time when the Central Bank, seeks to preserve the Iraqi dinar exchange rate in the currency market, but the exchange rate has witnessed a remarkable increase since the beginning of this year.
Finance Committee demanded in the House of Representatives issued a fifty and a hundred thousand dinars categories, as well as reducing the customs tariff imposed on traders, to maintain the stability of the market and re-dollar natural position, whilst an economist ideal solution is to restrict Sales dollar and strong control of the sources of purchase.
A member of the committee MP Abdul Qader Mohammed Omar that "the rise in the dollar exchange rate real-time problem and will not last long, despite the significant impact on the economy."
He added Omar News Agency Baghdad International / WAP / that "a number of reasons, including What is the administrative and political caused to rise out of the dollar exchange rate, "noting that" the economic situation deteriorated after the rise in the proportion of the deficit in the general budget as a result of wrong economic policy of the previous government, as well as lower global oil prices, which reached its lowest level all contributed to rising exchange rate. " , stressing that "the deterioration of the economic situation" extraordinary "and can be overcome in the coming days."
He called the age of the government to "cash currency version of the two categories of fifty and a hundred thousand dinars to raise the pressure on the dollar, as well as reducing the customs tariff duties on traders, and the opening of the central bank's doors to sell foreign currency ", pointing out that" these steps will contribute to achieving the objectives and the stability of the exchange rate. "
The central bank announced in the (24 February 2015) for stop working Auction-currency system and start the conversion system, because of smuggling and money laundering operations.
For his part, economist Mahmoud Salman al-Saadi, said that "there are several factors led to the decline in the dinar exchange rate against the dollar, including the imposition of taxes and fees, and the application of the austerity policy by the government and to promote higher prices in the markets, traders and owners of capital pay to buy large amounts of dollars and keep what reflected negatively on the Iraqi dinar. "
Saadi said L / WAP / that "the dollar is witnessing a rise at the global level and not only in Iraq," noting that "Dollar rises came on the back of lower oil prices in the global market, although most of Iraq's imports of Finance come from oil, and the hard currency comes with oil revenues, "noting that" after the drop in oil prices and the lack of financial revenue, and work assignment system, the dollar rose, giving the opportunity to black market traders to control prices, "and urged to" develop a new strategy that will protect the Iraqi economy from the volatility and high and low prices of foreign currencies which negatively affects the ordinary citizen. "
[You must be registered and logged in to see this link.]
4/27/2015
BAGHDAD
US dollar continues to rise in the local market price, reaching
one dollar about 1,300 dinars, after ranging in the range of 1200, at a time when the Central Bank, seeks to preserve the Iraqi dinar exchange rate in the currency market, but the exchange rate has witnessed a remarkable increase since the beginning of this year.
Finance Committee demanded in the House of Representatives issued a fifty and a hundred thousand dinars categories, as well as reducing the customs tariff imposed on traders, to maintain the stability of the market and re-dollar natural position, whilst an economist ideal solution is to restrict Sales dollar and strong control of the sources of purchase.
A member of the committee MP Abdul Qader Mohammed Omar that "the rise in the dollar exchange rate real-time problem and will not last long, despite the significant impact on the economy."
He added Omar News Agency Baghdad International / WAP / that "a number of reasons, including What is the administrative and political caused to rise out of the dollar exchange rate, "noting that" the economic situation deteriorated after the rise in the proportion of the deficit in the general budget as a result of wrong economic policy of the previous government, as well as lower global oil prices, which reached its lowest level all contributed to rising exchange rate. " , stressing that "the deterioration of the economic situation" extraordinary "and can be overcome in the coming days."
He called the age of the government to "cash currency version of the two categories of fifty and a hundred thousand dinars to raise the pressure on the dollar, as well as reducing the customs tariff duties on traders, and the opening of the central bank's doors to sell foreign currency ", pointing out that" these steps will contribute to achieving the objectives and the stability of the exchange rate. "
The central bank announced in the (24 February 2015) for stop working Auction-currency system and start the conversion system, because of smuggling and money laundering operations.
For his part, economist Mahmoud Salman al-Saadi, said that "there are several factors led to the decline in the dinar exchange rate against the dollar, including the imposition of taxes and fees, and the application of the austerity policy by the government and to promote higher prices in the markets, traders and owners of capital pay to buy large amounts of dollars and keep what reflected negatively on the Iraqi dinar. "
Saadi said L / WAP / that "the dollar is witnessing a rise at the global level and not only in Iraq," noting that "Dollar rises came on the back of lower oil prices in the global market, although most of Iraq's imports of Finance come from oil, and the hard currency comes with oil revenues, "noting that" after the drop in oil prices and the lack of financial revenue, and work assignment system, the dollar rose, giving the opportunity to black market traders to control prices, "and urged to" develop a new strategy that will protect the Iraqi economy from the volatility and high and low prices of foreign currencies which negatively affects the ordinary citizen. "
[You must be registered and logged in to see this link.]
