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Economist: speculators and increasing demand to dismember dollar reduction initiative
6/10/2015
Baghdad-the balance news
Economist, attributed the reasons for the failure of Iraqi banks initiative to reduce dollar increased demand and limited supply by the Central Bank of Iraq and the presence of some speculators who monopolise the dollar to get more.
The Economist said Bassem Jamil Anton in SMC/news/scales: "Iraqi bank Association sell the dollar price of 1193 was good to limit the dollar's rise and returning to the normal price but that initiative hit several obstacles to increased demand and the lack of a view by the Central Bank of Iraq and the presence of some speculators who monopolise the dollar to get more".
Anton said that the withdrawal of Central Bank dollar included adding 8% transfers that constitute 3% of the secretariats "income tax" and 5 percent of customs tariffs as Iraq's oil revenue is not what led to the failure to respond quickly to this initiative, but at the same time limiting the dollar's rapid manalartvaa.29-3/h
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6/10/2015
Baghdad-the balance news
Economist, attributed the reasons for the failure of Iraqi banks initiative to reduce dollar increased demand and limited supply by the Central Bank of Iraq and the presence of some speculators who monopolise the dollar to get more.
The Economist said Bassem Jamil Anton in SMC/news/scales: "Iraqi bank Association sell the dollar price of 1193 was good to limit the dollar's rise and returning to the normal price but that initiative hit several obstacles to increased demand and the lack of a view by the Central Bank of Iraq and the presence of some speculators who monopolise the dollar to get more".
Anton said that the withdrawal of Central Bank dollar included adding 8% transfers that constitute 3% of the secretariats "income tax" and 5 percent of customs tariffs as Iraq's oil revenue is not what led to the failure to respond quickly to this initiative, but at the same time limiting the dollar's rapid manalartvaa.29-3/h
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