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The government is taking several measures to raise the value of the dinar and decides to increase the width of the dollar
6/16/2015
Long-Presse / Baghdad
He attributed Economists, on Tuesday, rising dollar exchange rate against the dinar to the floundering economic policy, and the neglect of the productive sector, while the Parliamentary Finance Committee confirmed that the authorities concerned state has taken action to support the value of the dinar, including increasing the supply of dollars in the market and acceptance of all purchases made by traders requests pack and banking companies and banks, and the abolition of tax and customs secretariats that were collected in advance by eight percent.
The deputy head of Iraqi businessmen Union on behalf of Antoine, in an interview to the (long-Presse), "The rise in the dollar exchange rate was caused by the fact that the amount raised by the central bank it is less than the market needs," adding that "the other factor is the proximity of Ramadan Solutions and increasing imports has led to high demand for the dollar, as well as private banks start dealing with depositors have in that currency. "
He added Antoine, that those "banks Dollar calculated to its customers 1200 dinars, while the price in the market is 1420, making some speculators and currency traders and banking offices monopoly on the dollar," noting that "Iraq neglected the productive sector, agriculture, industry and tourism, with a gap import nearly 75 billion dollars, which led to the depletion of large quantities of that currency. "
For his part, economist said Hussein al-Asadi, said in an interview to the (long-Presse), "The decline of the dinar against the dollar, caused by two reasons strategic First of Iraq's lack of economic policy are clear, and his fluctuating attitudes in this area in 2003 since until now," returned to "chaos and economic It affected the financial policy of the country as well as monetary policy conducted by the central bank about good when the fall of the former regime, but instead of being the party responsible and in control of the monetary policy of the country and follow-up, turned into an auction to sell the dollar only. "
Asadi and saw that the "Select parliament of the Central Bank to sell $ 75 million ceiling higher per day, represents a logical procedure due to lower world oil prices, especially that Iraq relies on oil for almost basis," adding, "But that amount is not enough to meet the needs of Iraq because it imports everything." .
He said al-Asadi, that "Iraq did not invest the golden phase when high oil prices, because of corruption, whether financial or administrative played a big role in that, as well as the existence of mafias, which was formed after the year 2003 by the parties and the families had no knowledge of the economy and lack of patriotism."
In turn, he said a member of the Parliamentary Finance Committee, Najiba Najib, in an interview to the (long-Presse), "The central bank and the Ministry of Finance and the concerned state met, on Monday (the 15th of June the current 2015), to discuss the high price of the dollar, and took a package decisions will be capable of supporting the value of the dinar, and reduce the dollar exchange rate interview. "
According to Najib, that of "the most important of those decisions increase the width of the dollar in the market," indicating that starting from Tuesday dish, to feed the applications submitted for the purchase of the dollar by the companies, merchants and banks, as the central bank would accept any buy another request after he restricts it. " .
And followed by the Parliamentary Finance Committee, that "banks and the Central Bank they meet the secretariats of tax and customs of each request submitted by eight percent, what form the main reason high price of the dollar", Msttrdp that "the participants the meeting decided to address that, where will the relevant departments, such as customs and tax so what contributes to the dollar, down by about large. "
It is noteworthy that the Iraqi Central Bank decided, decided Tuesday, Saturday officially regarded as durable, to meet the need of banks currency, noting that reduced the duration of the special deposit amounts from ten to five days.
And it saw the dollar exchange rate steady rise in the local markets, from about 1200 dinars to the dollar, the beginning of the current 2015 to 1400 dinars currently
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6/16/2015
Long-Presse / Baghdad
He attributed Economists, on Tuesday, rising dollar exchange rate against the dinar to the floundering economic policy, and the neglect of the productive sector, while the Parliamentary Finance Committee confirmed that the authorities concerned state has taken action to support the value of the dinar, including increasing the supply of dollars in the market and acceptance of all purchases made by traders requests pack and banking companies and banks, and the abolition of tax and customs secretariats that were collected in advance by eight percent.
The deputy head of Iraqi businessmen Union on behalf of Antoine, in an interview to the (long-Presse), "The rise in the dollar exchange rate was caused by the fact that the amount raised by the central bank it is less than the market needs," adding that "the other factor is the proximity of Ramadan Solutions and increasing imports has led to high demand for the dollar, as well as private banks start dealing with depositors have in that currency. "
He added Antoine, that those "banks Dollar calculated to its customers 1200 dinars, while the price in the market is 1420, making some speculators and currency traders and banking offices monopoly on the dollar," noting that "Iraq neglected the productive sector, agriculture, industry and tourism, with a gap import nearly 75 billion dollars, which led to the depletion of large quantities of that currency. "
For his part, economist said Hussein al-Asadi, said in an interview to the (long-Presse), "The decline of the dinar against the dollar, caused by two reasons strategic First of Iraq's lack of economic policy are clear, and his fluctuating attitudes in this area in 2003 since until now," returned to "chaos and economic It affected the financial policy of the country as well as monetary policy conducted by the central bank about good when the fall of the former regime, but instead of being the party responsible and in control of the monetary policy of the country and follow-up, turned into an auction to sell the dollar only. "
Asadi and saw that the "Select parliament of the Central Bank to sell $ 75 million ceiling higher per day, represents a logical procedure due to lower world oil prices, especially that Iraq relies on oil for almost basis," adding, "But that amount is not enough to meet the needs of Iraq because it imports everything." .
He said al-Asadi, that "Iraq did not invest the golden phase when high oil prices, because of corruption, whether financial or administrative played a big role in that, as well as the existence of mafias, which was formed after the year 2003 by the parties and the families had no knowledge of the economy and lack of patriotism."
In turn, he said a member of the Parliamentary Finance Committee, Najiba Najib, in an interview to the (long-Presse), "The central bank and the Ministry of Finance and the concerned state met, on Monday (the 15th of June the current 2015), to discuss the high price of the dollar, and took a package decisions will be capable of supporting the value of the dinar, and reduce the dollar exchange rate interview. "
According to Najib, that of "the most important of those decisions increase the width of the dollar in the market," indicating that starting from Tuesday dish, to feed the applications submitted for the purchase of the dollar by the companies, merchants and banks, as the central bank would accept any buy another request after he restricts it. " .
And followed by the Parliamentary Finance Committee, that "banks and the Central Bank they meet the secretariats of tax and customs of each request submitted by eight percent, what form the main reason high price of the dollar", Msttrdp that "the participants the meeting decided to address that, where will the relevant departments, such as customs and tax so what contributes to the dollar, down by about large. "
It is noteworthy that the Iraqi Central Bank decided, decided Tuesday, Saturday officially regarded as durable, to meet the need of banks currency, noting that reduced the duration of the special deposit amounts from ten to five days.
And it saw the dollar exchange rate steady rise in the local markets, from about 1200 dinars to the dollar, the beginning of the current 2015 to 1400 dinars currently
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