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Urgent and other futures to limit the decline in the dinar exchange rate action
6/17/2015 0:00
Proposals for the distribution of salaries of state employees in dollars
BAGHDAD
with continued high US dollar exchange rate against the dinar in the market, "black" and amid differing explanations for this rise, took the «Central Bank of Iraq» a series of urgent measures, and other long-term to reduce the degradation of the national currency and thus the dollar cut in front of the dinar.
The Bank as the official body responsible for formulating monetary policy of the country, holding «sooner long meeting, to address the problem of rising dollar against the dinar overly fast», according to the words of Rep. Najiba Najib, a member of the Committee of Economy representative.
confirmed Najib In a statement »Sabah» that «one of the urgent measures taken at the meeting, to increase sale volumes dollar a day, and feeding all the requests it after it was some purchase orders are given».
She added: «also been reduced controls on citizens who wish to obtain dollar of civil and government banks at a price of 1200 dinars, after that there was a lengthy procedure, including the long time that was spent auditing the purchase accepted requests operations, which reach more than 15 days ».
and long-term measures to maintain the stability of the dollar against the dinar, she replied « emphasis on the Departments of tax and customs that Tqoma fulfilling worth 8 percent to buy the dollar requests, by 5 percent of the tax and 3 percent of the Deposit of customs, after the central bank does this work ».
She explained that such a move «contribute to reducing the value of the dollar against the dinar by about 10 dinars, to take his normal », pointing out that this matter needs to be initialized by the two institutions (tax and customs).
The excluded Najib return of the dollar exchange rate to normal when the ranges at a roadblock 1200 dinars per dollar, attributed the economic enacting the reason for this rise to increased demand for the American currency against the low supply, as well as restricting the central bank not to exceed sales of $ 175 million according to Article 50 of the budget, which challenged by the bank's board.
In addition, «the low price of oil, which is the income President resource for the country, as opposed to a views evade currency abroad and the accompanying money continued on Iraq's economy and conspiracies laundering operations ».
For his part, urged the member of the Finance Committee in the House of Representatives Sarhan Ahmed Sarhan, the central bank to make further efforts to reduce the value of the dollar against the dinar, which is what he sees is in the the interests of citizens.
He expressed in a statement »Sabah» surprise at the sudden rise of the dollar in the local exchange market, called on the government and the Central Bank to intervene immediately and take serious and real steps to stop the national currency which «become worthless against the dollar deterioration», he said.
At the time who confirmed the government's ability to deal with this volatile situation, Sarhan wondered about the beneficiary of and behind it, saying: «This deterioration is in favor of?».
also believes that «the citizen is the first and last victim as a result of this rise, especially with the proximity of the holy month of Ramadan Blessed », accusing the views he described as» recipient »of manipulating the value of the Iraqi dinar in the conspiracy against the national economy.
For his part, semi House of Representatives decision Niazi architecture Ihsanoglu, the perpetrators rising dollar exchange rate, the elements of the organization «Daash» terrorist.
He said: «These .. no less dangerous than Daash «, calling on the central bank to reconsider monetary his policy before the crisis deepens.
In the same context, the Commission asked for the parliamentary integrity, b »float the currency price is commensurate with the gravity in which the national economy is going through», submitted a proposal to the distribution of salaries of state employees in dollars instead of the dinar.
Committee Chairman Talal Zobaie »Sabah»: The «automatic dollar selling auctions have become a significant burden on the national economy and affect the living conditions of the community», stressing the need for turning the central bank to open his window to sell the dollar, for all the sons the Iraqi people.
He attributed the MP Masood Haider, rising dollar exchange rates to the group of reasons, including «manipulation mafias banks backed by politicians influential prices», confirming the presence of other reasons, including the «war on terror costs, and lower the country's revenues as a result of low oil prices in the global market» .
It is said that the dollar exchange rate in the domestic market, rose against the dinar gradually up to the borders of 1420 dinars to the dollar, compared to 1225 thousand dinars to the dollar in February, and 1,200 dinars to the dollar by the end of last year.
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6/17/2015 0:00
Proposals for the distribution of salaries of state employees in dollars
BAGHDAD
with continued high US dollar exchange rate against the dinar in the market, "black" and amid differing explanations for this rise, took the «Central Bank of Iraq» a series of urgent measures, and other long-term to reduce the degradation of the national currency and thus the dollar cut in front of the dinar.
The Bank as the official body responsible for formulating monetary policy of the country, holding «sooner long meeting, to address the problem of rising dollar against the dinar overly fast», according to the words of Rep. Najiba Najib, a member of the Committee of Economy representative.
confirmed Najib In a statement »Sabah» that «one of the urgent measures taken at the meeting, to increase sale volumes dollar a day, and feeding all the requests it after it was some purchase orders are given».
She added: «also been reduced controls on citizens who wish to obtain dollar of civil and government banks at a price of 1200 dinars, after that there was a lengthy procedure, including the long time that was spent auditing the purchase accepted requests operations, which reach more than 15 days ».
and long-term measures to maintain the stability of the dollar against the dinar, she replied « emphasis on the Departments of tax and customs that Tqoma fulfilling worth 8 percent to buy the dollar requests, by 5 percent of the tax and 3 percent of the Deposit of customs, after the central bank does this work ».
She explained that such a move «contribute to reducing the value of the dollar against the dinar by about 10 dinars, to take his normal », pointing out that this matter needs to be initialized by the two institutions (tax and customs).
The excluded Najib return of the dollar exchange rate to normal when the ranges at a roadblock 1200 dinars per dollar, attributed the economic enacting the reason for this rise to increased demand for the American currency against the low supply, as well as restricting the central bank not to exceed sales of $ 175 million according to Article 50 of the budget, which challenged by the bank's board.
In addition, «the low price of oil, which is the income President resource for the country, as opposed to a views evade currency abroad and the accompanying money continued on Iraq's economy and conspiracies laundering operations ».
For his part, urged the member of the Finance Committee in the House of Representatives Sarhan Ahmed Sarhan, the central bank to make further efforts to reduce the value of the dollar against the dinar, which is what he sees is in the the interests of citizens.
He expressed in a statement »Sabah» surprise at the sudden rise of the dollar in the local exchange market, called on the government and the Central Bank to intervene immediately and take serious and real steps to stop the national currency which «become worthless against the dollar deterioration», he said.
At the time who confirmed the government's ability to deal with this volatile situation, Sarhan wondered about the beneficiary of and behind it, saying: «This deterioration is in favor of?».
also believes that «the citizen is the first and last victim as a result of this rise, especially with the proximity of the holy month of Ramadan Blessed », accusing the views he described as» recipient »of manipulating the value of the Iraqi dinar in the conspiracy against the national economy.
For his part, semi House of Representatives decision Niazi architecture Ihsanoglu, the perpetrators rising dollar exchange rate, the elements of the organization «Daash» terrorist.
He said: «These .. no less dangerous than Daash «, calling on the central bank to reconsider monetary his policy before the crisis deepens.
In the same context, the Commission asked for the parliamentary integrity, b »float the currency price is commensurate with the gravity in which the national economy is going through», submitted a proposal to the distribution of salaries of state employees in dollars instead of the dinar.
Committee Chairman Talal Zobaie »Sabah»: The «automatic dollar selling auctions have become a significant burden on the national economy and affect the living conditions of the community», stressing the need for turning the central bank to open his window to sell the dollar, for all the sons the Iraqi people.
He attributed the MP Masood Haider, rising dollar exchange rates to the group of reasons, including «manipulation mafias banks backed by politicians influential prices», confirming the presence of other reasons, including the «war on terror costs, and lower the country's revenues as a result of low oil prices in the global market» .
It is said that the dollar exchange rate in the domestic market, rose against the dinar gradually up to the borders of 1420 dinars to the dollar, compared to 1225 thousand dinars to the dollar in February, and 1,200 dinars to the dollar by the end of last year.
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