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Iraqis rising up on the rise in the dollar rate against the dinar
17/06/2015
Out massive demonstrations in the capital, Baghdad, to protest the decline of the dinar exchange rate against the US dollar, which exceeded the prices barrier of 140 dinars what the impact on the prices of food, medicines and all the imported goods and raising prices exponentially in conjunction with the high prices already, as in every year of the holy month of Ramadan.
and among the witnesses that "the demonstration was launched in Muzaffar Square in eastern Baghdad's Sadr City, demanding the federal government to take measures limiting the rise in the dollar price, and hold negligent officials perpetrators of this rise and the prosecution of corrupt who threaten the economic security of the country."
While informed sources, that the price dollar exchange in domestic markets to the Iraqi dinar gradually rose to more than 1440 dinars to the dollar, compared to 1225 thousand dinars last February. This comes with the Central Bank of Iraq every week routine business days decided, considered Saturday means hold an auction to sell dollars and pumping More than in the domestic market in an effort to halt the decline of the dinar, in addition reduce the deposit period for feeding the external accounts of banks amounts, to be from ten days to five days, and as of next July for the same purpose.
The economists believe that the main problem lies in the hard currency smuggling out of the country by corrupt and the corrupt and smugglers.
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17/06/2015
Out massive demonstrations in the capital, Baghdad, to protest the decline of the dinar exchange rate against the US dollar, which exceeded the prices barrier of 140 dinars what the impact on the prices of food, medicines and all the imported goods and raising prices exponentially in conjunction with the high prices already, as in every year of the holy month of Ramadan.
and among the witnesses that "the demonstration was launched in Muzaffar Square in eastern Baghdad's Sadr City, demanding the federal government to take measures limiting the rise in the dollar price, and hold negligent officials perpetrators of this rise and the prosecution of corrupt who threaten the economic security of the country."
While informed sources, that the price dollar exchange in domestic markets to the Iraqi dinar gradually rose to more than 1440 dinars to the dollar, compared to 1225 thousand dinars last February. This comes with the Central Bank of Iraq every week routine business days decided, considered Saturday means hold an auction to sell dollars and pumping More than in the domestic market in an effort to halt the decline of the dinar, in addition reduce the deposit period for feeding the external accounts of banks amounts, to be from ten days to five days, and as of next July for the same purpose.
The economists believe that the main problem lies in the hard currency smuggling out of the country by corrupt and the corrupt and smugglers.
[You must be registered and logged in to see this link.]
