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Baghdad transferred the burden of the financial crisis to the shoulders of citizens
2015 \ 06 \ 20]
Baghdad - was not able to CBI's decision to double the dollar sales of the output of the Iraqi dinar against the dollar, its lowest level in 12 years, at a time when analysts pointed out that the government may be deliberately cut the value of the Iraqi dinar to ease its financial crisis suffocating.
And doubled the Central Bank of Iraq two days sales of the US dollar in the local market before, to confront the deterioration in the dinar exchange rate, but the procedure was not able to return to rise.
The central bank said in a statement that it "has been to meet all market demands, and without exception, through more than $ 203 million sale", and it came out of the roof, which had been set by Parliament in the current year budget and $ 75 million a day.
And dropped the dinar's exchange rate on the black market to 1405 dinars to the dollar during the past few days, to hit its lowest level since 2003, after he was moving in a narrow range near the official price of around 1190 dinars to the dollar since then.
The central bank attributed the decline of the dinar to the exploitation of speculators from the owners of the private sector exchange companies, and who receive a dollar from the central bank at 1190 dinars to the dollar exchange rate.
A number of economists that the central bank is responsible for the deterioration of the local currency, and the purpose behind it may be ease the financial burdens, and so it shifts the burden of the financial crisis to the shoulders of the citizens.
And they warned of high inflation in the domestic market as a result of the continuing decline in the dinar exchange rate against the dollar.
He said the economic and investment commission member of the parliamentary Majid Chenkali, that recent central bank actions have contributed to the decline in value of the dinar, after the cut in dollar sales under the pretext of containing the financial crisis experienced by the Albuld.magd Chenkali: mafia within the central bank damage the dinar to serve its interests
He pointed to the existence of mafia operating within the Central trying to harm the national currency for personal interest. He called the Central Bank to take action to support the dinar and the fight against those who tamper with the national economy.
Chenkali and called on the government to speed up the "Investment Company Act of legislation helps to bring international companies to develop Iraq's infrastructure" and the development of the banking and industrial sector.
He disclosed that the parliamentary Economic Committee discussed with the Central Bank of ways to re-dinar stability, and that the Bank will take new measures to maintain hard currency reserves.
And ratios site "dinars" to economist lion Mohammed Ali as saying that the central bank made a mistake in the implementation of some of the actions which led to the loss of control over the dollar exchange rate, and it began to correct his mistakes through open multiple outlets to sell the dollar.
Iraqi traders protested on Wednesday in a beautiful industrial area east of the capital Baghdad, to protest the decline of the dinar, which hit its lowest value against the dollar in nearly 12 years the exchange rate. Observers say the delayed delivery of salaries began to spread in most of the state institutions, in addition to the inability of most benefits the Kurdistan region as well as the staff in the provinces controlled by Daash salaries delivery.
It gathered dozens of merchants in Sadr City Industrial Zone, which distributes its goods to various Iraqi provinces, and raised banners denouncing down the Iraqi dinar exchange rate of the government and calls for urgent action to prevent the deterioration of the currency Mahlah.dhargam value Muhammad Ali: The Central Bank of errors led to the loss of control over the exchange rates
Said Mohammed Ajil one of the participants in the demonstration, said that the market situation has deteriorated in the past few weeks, although many traders stopped their business due to the fluctuation of the dinar exchange rate. "We can not work under low daily witnessing the dinar against the dollar."
Ajil stressed "we import goods from abroad in dollars and sell in the market in Iraqi dinars, the continuous decline in the price of the dinar made us we are exposed to significant losses, and some of us decided to stop work temporarily until the stability of the exchange rate."
His colleague merchant charity publicly that there are manipulated at the exchange rate of the dinar against the dollar in the government, we are citizens of the victim.
"The high price of the dollar against the dinar Sidfna raising the prices of goods to Iraqi consumers and therefore the latter will bear the greater part of this equation."
Traders and citizens say that all imported food, construction and electrical types of commodity prices, is witnessing an unprecedented rise in prices compared with the prices that prevailed two months ago, and the aspect ratio of more than 10 percent because of the decline of the Iraqi dinar exchange rate only.
The central bank is betting on a new currency from the category of 50 thousand dinars put up over the next month, hoping to ease the procedure of the decline in demand for the dollar.
Observers believe that the decline in the dinar exchange rate, began since that of former Prime Minister Nuri al-Maliki decided in September 2013 and suddenly exemption Central Bank Governor Sinan al-Shabibi, the Bank is subject to political influence.
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2015 \ 06 \ 20]
Baghdad - was not able to CBI's decision to double the dollar sales of the output of the Iraqi dinar against the dollar, its lowest level in 12 years, at a time when analysts pointed out that the government may be deliberately cut the value of the Iraqi dinar to ease its financial crisis suffocating.
And doubled the Central Bank of Iraq two days sales of the US dollar in the local market before, to confront the deterioration in the dinar exchange rate, but the procedure was not able to return to rise.
The central bank said in a statement that it "has been to meet all market demands, and without exception, through more than $ 203 million sale", and it came out of the roof, which had been set by Parliament in the current year budget and $ 75 million a day.
And dropped the dinar's exchange rate on the black market to 1405 dinars to the dollar during the past few days, to hit its lowest level since 2003, after he was moving in a narrow range near the official price of around 1190 dinars to the dollar since then.
The central bank attributed the decline of the dinar to the exploitation of speculators from the owners of the private sector exchange companies, and who receive a dollar from the central bank at 1190 dinars to the dollar exchange rate.
A number of economists that the central bank is responsible for the deterioration of the local currency, and the purpose behind it may be ease the financial burdens, and so it shifts the burden of the financial crisis to the shoulders of the citizens.
And they warned of high inflation in the domestic market as a result of the continuing decline in the dinar exchange rate against the dollar.
He said the economic and investment commission member of the parliamentary Majid Chenkali, that recent central bank actions have contributed to the decline in value of the dinar, after the cut in dollar sales under the pretext of containing the financial crisis experienced by the Albuld.magd Chenkali: mafia within the central bank damage the dinar to serve its interests
He pointed to the existence of mafia operating within the Central trying to harm the national currency for personal interest. He called the Central Bank to take action to support the dinar and the fight against those who tamper with the national economy.
Chenkali and called on the government to speed up the "Investment Company Act of legislation helps to bring international companies to develop Iraq's infrastructure" and the development of the banking and industrial sector.
He disclosed that the parliamentary Economic Committee discussed with the Central Bank of ways to re-dinar stability, and that the Bank will take new measures to maintain hard currency reserves.
And ratios site "dinars" to economist lion Mohammed Ali as saying that the central bank made a mistake in the implementation of some of the actions which led to the loss of control over the dollar exchange rate, and it began to correct his mistakes through open multiple outlets to sell the dollar.
Iraqi traders protested on Wednesday in a beautiful industrial area east of the capital Baghdad, to protest the decline of the dinar, which hit its lowest value against the dollar in nearly 12 years the exchange rate. Observers say the delayed delivery of salaries began to spread in most of the state institutions, in addition to the inability of most benefits the Kurdistan region as well as the staff in the provinces controlled by Daash salaries delivery.
It gathered dozens of merchants in Sadr City Industrial Zone, which distributes its goods to various Iraqi provinces, and raised banners denouncing down the Iraqi dinar exchange rate of the government and calls for urgent action to prevent the deterioration of the currency Mahlah.dhargam value Muhammad Ali: The Central Bank of errors led to the loss of control over the exchange rates
Said Mohammed Ajil one of the participants in the demonstration, said that the market situation has deteriorated in the past few weeks, although many traders stopped their business due to the fluctuation of the dinar exchange rate. "We can not work under low daily witnessing the dinar against the dollar."
Ajil stressed "we import goods from abroad in dollars and sell in the market in Iraqi dinars, the continuous decline in the price of the dinar made us we are exposed to significant losses, and some of us decided to stop work temporarily until the stability of the exchange rate."
His colleague merchant charity publicly that there are manipulated at the exchange rate of the dinar against the dollar in the government, we are citizens of the victim.
"The high price of the dollar against the dinar Sidfna raising the prices of goods to Iraqi consumers and therefore the latter will bear the greater part of this equation."
Traders and citizens say that all imported food, construction and electrical types of commodity prices, is witnessing an unprecedented rise in prices compared with the prices that prevailed two months ago, and the aspect ratio of more than 10 percent because of the decline of the Iraqi dinar exchange rate only.
The central bank is betting on a new currency from the category of 50 thousand dinars put up over the next month, hoping to ease the procedure of the decline in demand for the dollar.
Observers believe that the decline in the dinar exchange rate, began since that of former Prime Minister Nuri al-Maliki decided in September 2013 and suddenly exemption Central Bank Governor Sinan al-Shabibi, the Bank is subject to political influence.
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