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Assurances government to cut the dollar and disgruntled citizens from rising market prices
6/18/15
BAGHDAD / ... the Iraqi dinar suffered a clear decline against the dollar in recent days, which have negatively impacted on the economic movement of the market, up to 100 US dollar reached 145,000 thousand Iraqi dinars.
Specialists attribute the rise in economic affairs dollar rates, the absence of monetary policy of the Central Bank and the greed of the owners of stock exchanges and the spread of corruption in the Ministry of Finance and the banks.
For its part, he accused a member of the Parliamentary Commission of Economy Najiba Najib some greedy traders trying to destroy the Iraqi economy by raising the dollar's exchange rate against the Dinaar.
And he showed Najib told the "eye Iraq News" that the high sale price of the dollar goes back to the group, including the reasons for manipulation by some banks and financial and administrative corruption in some banks
She said Najib said that "There are several reasons behind the rise in dollar prices, including the war on terror and to reduce the state to deal especially in hard currency with low oil prices, any state revenues," and noted that "the financial budget for 2015, stipulates that central bank sales are for one day was 750 million dollar. "
On the other hand, MP for the Bloc virtue Abdul-Hussein al-Moussawi demanded strict control limits at auction the central bank selling dollar policy prevents traders from tampering with the country's economic system.
Moussawi said in a statement received "eye Iraq News", that the absence of accurate economic vision for the state and the lack of state of harmony between monetary policy formulated by the Central Bank of Iraq and the political and financial painted by the Iraqi Ministry of Finance clearly contributed to the access to the situation that we have reached today. "
He stressed, need the federal government to urgently intervene to curb the unprecedented rise in the dollar exchange rate and minimize the negative effects on the prices of food and consumer especially as we enter the month of the Holy God. "
He said al-Moussawi, we found opportunity to ask the government for the purpose of forming and activating the economic role of the police and the adoption of strict control procedures at an auction of the Central Bank to sell dollars and prevent traders from political tampering with the economic system of the country. "
The detection of an expert in economic affairs Ahmed Kadhem, that "there are five reasons led to the rise in the dollar's exchange rate against the dinar. Kazim said in a statement the" eye Iraq News "that" the continuing validity of the application of Article 50 in the federal budget for 2015 determining the quantities sold by the bank Central, in spite of the central bank to exceed 75 million dollars is one of the main reasons for the rise. "He added that" the decision to impose the tax Alcomerakih and deducted from banks and Chierfat that buy the dollar from the central bank led to the transfer of the burden of this Aldharbah by raising the price of the dollar. "
To that, the prime minister for economic affairs adviser appearance of Mohammed Saleh, said that "speculators are not the more than 500 people only, benefit from the presence of two prices for currency exchange, one official and the other in the market, while the government is losing in this case, because they sell cheap dollars to the Central Bank, and the World Bank Central also loses sell cheap dollars to banks, then that the average citizen loses, because the rise in the dollar reflected in the prices of goods and services, is of three national parties lose here in favor of profit small group of speculators ", stressing that the dollar will fall gradually over the next few days.
The central bank carry exchange companies and speculators responsible for rising dollar exchange rate. The Iraqi central bank attributed the rise in the dollar's exchange rate against the dinar, to speculators in the market, denying that "the reason behind the lack of quotas exchange companies and financial and banking conversion of hard currency."
On the other hand confirms beautiful economist dry that "demand for the dollar is greater than the supply located because there are mafias collect the dollar and evading out of Iraq under the pretext of imports from outside Iraq," noting that "the amount of funds coming out of Iraq are not commensurate with the quantities of goods which intervention to him. " He adds dry that "Iraq is currently experiencing smuggling money process or rather more like Maicon money laundering and smuggling the bulk of them outside Iraq process, calling for the need to" cooperate all those among them whether the central bank or customs, border control, taxes and fight corruption and increase control and activating the economic role of the police to control the markets and vandals ".
While local traders and owners of offices Tof for purely low rate of the dinar against the dollar in the next few days, loaded with the central bank and government agencies responsible for the decline in the rate of the dinar against the dollar, expecting the arrival of the dollar rate against the dinar to approximately to "150000 thousand Iraqi dinars".
With over citizens dissatisfaction monetary policy of the government, especially the high price of the dollar and its impact on local markets, which led to the high price of food and Citizens greet Ramadan, demanding government agencies to take measures to reduce the price of the dollar measures, stressing that greedy for Aagulwn dangerous than terrorists Aldoaash.
This, it is hoped that the dollar price decline during Almmqublh days, according to assurances launched by the Prime Minister's Office .
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6/18/15
BAGHDAD / ... the Iraqi dinar suffered a clear decline against the dollar in recent days, which have negatively impacted on the economic movement of the market, up to 100 US dollar reached 145,000 thousand Iraqi dinars.
Specialists attribute the rise in economic affairs dollar rates, the absence of monetary policy of the Central Bank and the greed of the owners of stock exchanges and the spread of corruption in the Ministry of Finance and the banks.
For its part, he accused a member of the Parliamentary Commission of Economy Najiba Najib some greedy traders trying to destroy the Iraqi economy by raising the dollar's exchange rate against the Dinaar.
And he showed Najib told the "eye Iraq News" that the high sale price of the dollar goes back to the group, including the reasons for manipulation by some banks and financial and administrative corruption in some banks
She said Najib said that "There are several reasons behind the rise in dollar prices, including the war on terror and to reduce the state to deal especially in hard currency with low oil prices, any state revenues," and noted that "the financial budget for 2015, stipulates that central bank sales are for one day was 750 million dollar. "
On the other hand, MP for the Bloc virtue Abdul-Hussein al-Moussawi demanded strict control limits at auction the central bank selling dollar policy prevents traders from tampering with the country's economic system.
Moussawi said in a statement received "eye Iraq News", that the absence of accurate economic vision for the state and the lack of state of harmony between monetary policy formulated by the Central Bank of Iraq and the political and financial painted by the Iraqi Ministry of Finance clearly contributed to the access to the situation that we have reached today. "
He stressed, need the federal government to urgently intervene to curb the unprecedented rise in the dollar exchange rate and minimize the negative effects on the prices of food and consumer especially as we enter the month of the Holy God. "
He said al-Moussawi, we found opportunity to ask the government for the purpose of forming and activating the economic role of the police and the adoption of strict control procedures at an auction of the Central Bank to sell dollars and prevent traders from political tampering with the economic system of the country. "
The detection of an expert in economic affairs Ahmed Kadhem, that "there are five reasons led to the rise in the dollar's exchange rate against the dinar. Kazim said in a statement the" eye Iraq News "that" the continuing validity of the application of Article 50 in the federal budget for 2015 determining the quantities sold by the bank Central, in spite of the central bank to exceed 75 million dollars is one of the main reasons for the rise. "He added that" the decision to impose the tax Alcomerakih and deducted from banks and Chierfat that buy the dollar from the central bank led to the transfer of the burden of this Aldharbah by raising the price of the dollar. "
To that, the prime minister for economic affairs adviser appearance of Mohammed Saleh, said that "speculators are not the more than 500 people only, benefit from the presence of two prices for currency exchange, one official and the other in the market, while the government is losing in this case, because they sell cheap dollars to the Central Bank, and the World Bank Central also loses sell cheap dollars to banks, then that the average citizen loses, because the rise in the dollar reflected in the prices of goods and services, is of three national parties lose here in favor of profit small group of speculators ", stressing that the dollar will fall gradually over the next few days.
The central bank carry exchange companies and speculators responsible for rising dollar exchange rate. The Iraqi central bank attributed the rise in the dollar's exchange rate against the dinar, to speculators in the market, denying that "the reason behind the lack of quotas exchange companies and financial and banking conversion of hard currency."
On the other hand confirms beautiful economist dry that "demand for the dollar is greater than the supply located because there are mafias collect the dollar and evading out of Iraq under the pretext of imports from outside Iraq," noting that "the amount of funds coming out of Iraq are not commensurate with the quantities of goods which intervention to him. " He adds dry that "Iraq is currently experiencing smuggling money process or rather more like Maicon money laundering and smuggling the bulk of them outside Iraq process, calling for the need to" cooperate all those among them whether the central bank or customs, border control, taxes and fight corruption and increase control and activating the economic role of the police to control the markets and vandals ".
While local traders and owners of offices Tof for purely low rate of the dinar against the dollar in the next few days, loaded with the central bank and government agencies responsible for the decline in the rate of the dinar against the dollar, expecting the arrival of the dollar rate against the dinar to approximately to "150000 thousand Iraqi dinars".
With over citizens dissatisfaction monetary policy of the government, especially the high price of the dollar and its impact on local markets, which led to the high price of food and Citizens greet Ramadan, demanding government agencies to take measures to reduce the price of the dollar measures, stressing that greedy for Aagulwn dangerous than terrorists Aldoaash.
This, it is hoped that the dollar price decline during Almmqublh days, according to assurances launched by the Prime Minister's Office .
[You must be registered and logged in to see this link.]
