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Dinar reeling .. «speculators» planning to keep the dollar exchange rate fluctuations
6/5/2015
Accused senior political sources, on Tuesday, the banks belonging to the leaders of the parties and blocks of political participation in the political process of being behind the crisis of rising dollar against the Iraqi dinar, and as pointed out that those «mafia» is trying to respond to harassment by the central bank have to prolong the crisis, warned of a scheme to hit the Iraqi economy through such practices.
The dollar price in the domestic market in front of the Iraqi dinar gradually up to 1229 dinars to the dollar, compared to 1225 thousand dinars per dollar during the past month and 1,200 dinars to the dollar late last year in 2014.
The sources told »the future of Iraq», that «fluctuations that accompany the exchange rate of the dollar against the Iraqi dinar come because of the adoption of the central bank sold the dollar amount of the reduction policy».
The sources attributed the high rate due to last a «control procedures imposed on banks accredited and authorized to buy and sell the dollar for (political blocs and leaders of parties)», pointing out that these «Genoa from which huge profits during previous periods».
According to sources, the «mafias policy and after control procedures recently adopted by the Central Bank of Iraq, which included the abolition of a number of banks, plans for the continuation of the crisis dollar exchange rate fluctuations in order to accommodate up to a high level, which will affect the economy and the market and the movement of buying and selling and therefore the standard of living of the majority Iraqis from middle-income ».
Financial conditions of Iraq and strongly worsened by the collapse of oil prices since last year, as well as the organization «Daash» attacks, the government expects a deficit of around $ 25 billion this year in budget sizes up to about $ 100 billion.
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6/5/2015
Accused senior political sources, on Tuesday, the banks belonging to the leaders of the parties and blocks of political participation in the political process of being behind the crisis of rising dollar against the Iraqi dinar, and as pointed out that those «mafia» is trying to respond to harassment by the central bank have to prolong the crisis, warned of a scheme to hit the Iraqi economy through such practices.
The dollar price in the domestic market in front of the Iraqi dinar gradually up to 1229 dinars to the dollar, compared to 1225 thousand dinars per dollar during the past month and 1,200 dinars to the dollar late last year in 2014.
The sources told »the future of Iraq», that «fluctuations that accompany the exchange rate of the dollar against the Iraqi dinar come because of the adoption of the central bank sold the dollar amount of the reduction policy».
The sources attributed the high rate due to last a «control procedures imposed on banks accredited and authorized to buy and sell the dollar for (political blocs and leaders of parties)», pointing out that these «Genoa from which huge profits during previous periods».
According to sources, the «mafias policy and after control procedures recently adopted by the Central Bank of Iraq, which included the abolition of a number of banks, plans for the continuation of the crisis dollar exchange rate fluctuations in order to accommodate up to a high level, which will affect the economy and the market and the movement of buying and selling and therefore the standard of living of the majority Iraqis from middle-income ».
Financial conditions of Iraq and strongly worsened by the collapse of oil prices since last year, as well as the organization «Daash» attacks, the government expects a deficit of around $ 25 billion this year in budget sizes up to about $ 100 billion.
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