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Najib: Rising dollar came to a lack of oil imports and the absence of Iraq’s exports
Saturday, 20 June, 2015
Follow-up / Alastqamh: Izzat member of the Committee of Economy and Investment parliamentary Najiba Najib rising dollar exchange rate against the Iraqi dinar to the lack of the country’s imports from the sale of oil and the absence of Iraq’s exports abroad.
She said Najib in a statement seen by integrity, that “the lack of Iraqi state revenues for the past, which was sold in the price of oil more than $ 110 is a good revenue interference to the Treasury today at best sold barrels of Iraqi oil at about $ 60 meaning it has halved and this means to obtain hard currency revenues from this I have said. ”
“The rising dollar also evidence of Iraq’s dependence on imports and the absence of exports,” noting that “the import process is carried out in dollars any currency of this country.”
She Najib that “demand for the dollar has also increased from displaced people and whenever the Central Bank of Iraq introduced amounts of dollar demand for it remains the largest,” calling on government and central bank “to take action and intervention to limit the access of more high dollar and greater degradation in the value of the dinar.”
Dollar exchange rates have seen in front of the dinar in local markets since Thursday, reaching a significant decline by about 1300 dinars to the dollar [130 000 dinars for one hundred dollars] after he was before the days of 1400 dinars to the dollar [140 000 dinars for one hundred dollars.
The cell government crisis and approved its meeting last Thursday on a proposal of the Central Bank of Iraq delete ratio of 8 percent, which represents income tax and Alcomerk which was added cash remittances, and said his bank’s governor and the agency on the Keywords that will reduce the dollar exchange significantly the price. ”
Bank is scheduled to hold a press conference today to clarify the reasons for the high dollar exchange rate and procedures to reduce Mnha.anthy 9
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Saturday, 20 June, 2015
Follow-up / Alastqamh: Izzat member of the Committee of Economy and Investment parliamentary Najiba Najib rising dollar exchange rate against the Iraqi dinar to the lack of the country’s imports from the sale of oil and the absence of Iraq’s exports abroad.
She said Najib in a statement seen by integrity, that “the lack of Iraqi state revenues for the past, which was sold in the price of oil more than $ 110 is a good revenue interference to the Treasury today at best sold barrels of Iraqi oil at about $ 60 meaning it has halved and this means to obtain hard currency revenues from this I have said. ”
“The rising dollar also evidence of Iraq’s dependence on imports and the absence of exports,” noting that “the import process is carried out in dollars any currency of this country.”
She Najib that “demand for the dollar has also increased from displaced people and whenever the Central Bank of Iraq introduced amounts of dollar demand for it remains the largest,” calling on government and central bank “to take action and intervention to limit the access of more high dollar and greater degradation in the value of the dinar.”
Dollar exchange rates have seen in front of the dinar in local markets since Thursday, reaching a significant decline by about 1300 dinars to the dollar [130 000 dinars for one hundred dollars] after he was before the days of 1400 dinars to the dollar [140 000 dinars for one hundred dollars.
The cell government crisis and approved its meeting last Thursday on a proposal of the Central Bank of Iraq delete ratio of 8 percent, which represents income tax and Alcomerk which was added cash remittances, and said his bank’s governor and the agency on the Keywords that will reduce the dollar exchange significantly the price. ”
Bank is scheduled to hold a press conference today to clarify the reasons for the high dollar exchange rate and procedures to reduce Mnha.anthy 9
[You must be registered and logged in to see this link.]
