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Parliamentary Economy: administration failed opportunists and the cause of low dinar exchange rate against the dollar
6/18/15
{Baghdad: Euphrates News} A member of the parliamentary Committee of Economy and Investment Deputy Almamori proof that the administration failed and opportunists cause of the low exchange rate of the dinar against the dollar.
The MP pointed Mamouri told {Euphrates News} "There are those who are trying to destabilize the country's economy through speculative prices dinar and the dollar," noting that "the reason behind this matter is failed by the authorities concerned administration, there are mafias are trying to exploit this period in particular, and, unfortunately, There figures depend on the country which is administrated this crisis and exacerbated. "
He said Mamouri that "there is extensive contacts, and the formation of a special committee to follow up the matter, and we are continuing in the parliamentary Committee of Economy and investment, as well as conducting ongoing communication with the Central Bank of the province."
He stressed at the conclusion of his statement, saying "We will not allow for such exploiters as they move forward in it now, and there will be a special meeting to address this issue."
The former governor of the Central Bank Sinan Shabibi had said in an earlier statement that the central bank's problems are due to loss of independence.
He Shabibi that "the Iraqi money market live in the present time of instability was the collapse of the market rate of the dinar, which amounted to 1340 dinars to the US dollar, while the official price of about 1190 dinars to the dollar, although the size of the reserve is still great, which is considered a key factor the stability of the currency. "
"And the reason for this difference between the two prices to enter ministries {financial} and other parties {House}, and Amlaihm policies and conditions do not has to monetary policy onion, in addition to the lack of central bank adviser's ability to defend the bank by law".
It is said that the dollar's exchange rate against the local currency, has seen a remarkable increase, where government source confirmed to take measures to reduce the dollar exchange rate against the dinar, and one of the measures to be taken is to increase the central bank sales, especially in the area of remittances, in addition to doubling Asdarriet Bank In this Ganb
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6/18/15
{Baghdad: Euphrates News} A member of the parliamentary Committee of Economy and Investment Deputy Almamori proof that the administration failed and opportunists cause of the low exchange rate of the dinar against the dollar.
The MP pointed Mamouri told {Euphrates News} "There are those who are trying to destabilize the country's economy through speculative prices dinar and the dollar," noting that "the reason behind this matter is failed by the authorities concerned administration, there are mafias are trying to exploit this period in particular, and, unfortunately, There figures depend on the country which is administrated this crisis and exacerbated. "
He said Mamouri that "there is extensive contacts, and the formation of a special committee to follow up the matter, and we are continuing in the parliamentary Committee of Economy and investment, as well as conducting ongoing communication with the Central Bank of the province."
He stressed at the conclusion of his statement, saying "We will not allow for such exploiters as they move forward in it now, and there will be a special meeting to address this issue."
The former governor of the Central Bank Sinan Shabibi had said in an earlier statement that the central bank's problems are due to loss of independence.
He Shabibi that "the Iraqi money market live in the present time of instability was the collapse of the market rate of the dinar, which amounted to 1340 dinars to the US dollar, while the official price of about 1190 dinars to the dollar, although the size of the reserve is still great, which is considered a key factor the stability of the currency. "
"And the reason for this difference between the two prices to enter ministries {financial} and other parties {House}, and Amlaihm policies and conditions do not has to monetary policy onion, in addition to the lack of central bank adviser's ability to defend the bank by law".
It is said that the dollar's exchange rate against the local currency, has seen a remarkable increase, where government source confirmed to take measures to reduce the dollar exchange rate against the dinar, and one of the measures to be taken is to increase the central bank sales, especially in the area of remittances, in addition to doubling Asdarriet Bank In this Ganb
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