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Kurds are fleeing the dollar from Baghdad in preparation for adoption as the official currency in Kurdistan
6/18/2015
A major economic source revealed that brokers and dealers, in cooperation with the politicians gangs smuggling millions of dollars to the province of Kurdistan, said the source, who declined to be named for security reasons, said the smuggling dollar to Kurdistan operations was the main reason for the dollar rise abruptly, the source said traders and brokers collaborates with politicians from all parties involved in the political process were taken nearly a billion dollars over the past week to Kurdistan, the source said that the Kurdistan region has the intention to cancel the deal approved in Iraqi currency, and replace the US dollar until the adoption of the province's private currency.
To the detection of a government source, on Tuesday, to take "several" measures to reduce the price of the dollar against the Iraqi dinar, as he pointed to the existence of speculation by some led to the creation of a state of confusion in the market and raise the price of the dollar is "inadvertent."
The source said, had been "taken several measures to reduce the price of the dollar against the Iraqi dinar," noting that "the actions of the Central Bank of Iraq to increase sales, especially in the area of remittances, as well as double Asdarriet Bank in this aspect."
The source, who asked not to be named, that he "will also open ports in government banks to sell the dollar for delegates humanitarian cases, there are other measures taken by the Central Bank will contribute to the provision of the dollar," pointing to "the existence of speculations made by some led to the creation of a state of confusion in the market and contributed to raising the price of the dollar against the Iraqi dinar is unintentional. "
The source explained, "The government and other institutions and in spite of pressures as a result of the decline in oil revenues, has worked quietly over the past months to ensure receipt of the dollar put importers at the official rate by remittances for mechanisms to prevent rising prices and protect the poor."
He said he "is for traders and importers sell the dollar at the official rate, and this ensures that the high prices," noting that "this speech confirms that 90 percent of dollar sales by the Central Bank of Iraq is of remittances and only 10 percent of the cash sale."
He was a member of the Finance Committee in Parliament MP Masood Haider attributed, on Tuesday, the reason for the high dollar selling prices to a range reasons including manipulation "mafias banks" backed by "influential politicians" prices, while pointing out that the Iraqi Central Bank currently spend more than $ 100 million a day
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6/18/2015
A major economic source revealed that brokers and dealers, in cooperation with the politicians gangs smuggling millions of dollars to the province of Kurdistan, said the source, who declined to be named for security reasons, said the smuggling dollar to Kurdistan operations was the main reason for the dollar rise abruptly, the source said traders and brokers collaborates with politicians from all parties involved in the political process were taken nearly a billion dollars over the past week to Kurdistan, the source said that the Kurdistan region has the intention to cancel the deal approved in Iraqi currency, and replace the US dollar until the adoption of the province's private currency.
To the detection of a government source, on Tuesday, to take "several" measures to reduce the price of the dollar against the Iraqi dinar, as he pointed to the existence of speculation by some led to the creation of a state of confusion in the market and raise the price of the dollar is "inadvertent."
The source said, had been "taken several measures to reduce the price of the dollar against the Iraqi dinar," noting that "the actions of the Central Bank of Iraq to increase sales, especially in the area of remittances, as well as double Asdarriet Bank in this aspect."
The source, who asked not to be named, that he "will also open ports in government banks to sell the dollar for delegates humanitarian cases, there are other measures taken by the Central Bank will contribute to the provision of the dollar," pointing to "the existence of speculations made by some led to the creation of a state of confusion in the market and contributed to raising the price of the dollar against the Iraqi dinar is unintentional. "
The source explained, "The government and other institutions and in spite of pressures as a result of the decline in oil revenues, has worked quietly over the past months to ensure receipt of the dollar put importers at the official rate by remittances for mechanisms to prevent rising prices and protect the poor."
He said he "is for traders and importers sell the dollar at the official rate, and this ensures that the high prices," noting that "this speech confirms that 90 percent of dollar sales by the Central Bank of Iraq is of remittances and only 10 percent of the cash sale."
He was a member of the Finance Committee in Parliament MP Masood Haider attributed, on Tuesday, the reason for the high dollar selling prices to a range reasons including manipulation "mafias banks" backed by "influential politicians" prices, while pointing out that the Iraqi Central Bank currently spend more than $ 100 million a day
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