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Blu: the Kurdistan region did not withdraw from Baghdad Dollar
June 25, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - ruled out a member of the Committee on Energy parliamentary formerly expert Blu parking Kurdistan Regional Government behind the rise in the dollar rate against the Iraqi dinar in the Iraqi market, stressing that Article 50 is one of the was behind the rise in the dollar exchange rate and not the provincial government .
He said Blue's (IMN) "The accusations wave of the Kurdistan Regional Government of being behind the rise in the dollar exchange rate through Kurdish banks in Baghdad and pull the dollar from local markets Nude for health, the fact that the Kurdistan region has no effect on the foreign exchange markets in Iraq."
"The high value of the dollar in the market was due to Article 50 of the Iraqi budget identified selling $ 75 million a day the law, and this has led to a shortage of hard currency in the local markets in all the provinces of Iraq."
Under article 50 of the general budget for the financial year 2015 Law, the Central Bank establishes its sales of foreign currency (dollar) in the daily auction ceiling does not exceed $ 75 million a day, with the exercise of justice in the sales process, to co-bank demand at the auction to provide the introduction of cargo documents and data settling accounts and tax savings Alkmarki within 30 days from the date of purchase and the amount otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued it and use other banking instruments to maintain the strength of the dinar against the dollar.
The country has witnessed a remarkable increase in the dollar exchange rate against the Iraqi dinar, which the central bank was summoned to take a series of practical measures to reduce the price of the dollar by increasing the central sales of currency and to stop work by 8% own Emark and taxes.
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June 25, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - ruled out a member of the Committee on Energy parliamentary formerly expert Blu parking Kurdistan Regional Government behind the rise in the dollar rate against the Iraqi dinar in the Iraqi market, stressing that Article 50 is one of the was behind the rise in the dollar exchange rate and not the provincial government .
He said Blue's (IMN) "The accusations wave of the Kurdistan Regional Government of being behind the rise in the dollar exchange rate through Kurdish banks in Baghdad and pull the dollar from local markets Nude for health, the fact that the Kurdistan region has no effect on the foreign exchange markets in Iraq."
"The high value of the dollar in the market was due to Article 50 of the Iraqi budget identified selling $ 75 million a day the law, and this has led to a shortage of hard currency in the local markets in all the provinces of Iraq."
Under article 50 of the general budget for the financial year 2015 Law, the Central Bank establishes its sales of foreign currency (dollar) in the daily auction ceiling does not exceed $ 75 million a day, with the exercise of justice in the sales process, to co-bank demand at the auction to provide the introduction of cargo documents and data settling accounts and tax savings Alkmarki within 30 days from the date of purchase and the amount otherwise apply to the bank penalties stipulated in the Central Bank Act or regulations issued it and use other banking instruments to maintain the strength of the dinar against the dollar.
The country has witnessed a remarkable increase in the dollar exchange rate against the Iraqi dinar, which the central bank was summoned to take a series of practical measures to reduce the price of the dollar by increasing the central sales of currency and to stop work by 8% own Emark and taxes.
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