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Keywords: the power of the Iraqi dinar was the cause of the growth of the economy of neighboring countries
27/6/2015
Governor of the Central Bank announced on the Keywords, Saturday, Bank of liberation select a specific cap on dollar sales, stressing that the Iraqi dinar strength which cost the state treasury sums expensive was the cause of the growth of the economies of neighboring countries.
Said Dr. Ali Keywords in a seminar monetary difficulties and the position of the central bank towards them, which was brought by the progress of policy development institute that "the Central Bank can not be committed to the decision sale 75-120 million dollars a day as stated in the decision of the general budget for 2015, as well as the suspended duties and taxes amounting to meet 8% on the sale of currency operations ", noting that" the bank was able to maintain the exchange in a balanced and acceptable price and exceeded inflation, which heralds've had two weeks before the option. "
He said the central bank governor, said that "liberalization of sales ceiling process need to be controlled by the authority scrutinize the money source for fear of getting caught in the nets of corruption and money laundering," stressing that "the Central Bank is currently working on the development of regulatory mechanisms through the opening of an office within the central bank to combat crimes Money laundering ".
He Keywords that "the central bank make great efforts to strengthen the dinar cost the state huge amounts of money, this process leads to attract investment, but unfortunately, the power of the Iraqi dinar was the cause of the growth of the economies of neighboring countries, which is imported by Iraq of all its needs," citing the "exit At least 70% of hard currency from the sale of oil to the outside of the lack of local produce such as industry, agriculture and tourism. "
He continued that "demand for the dollar factors that must be given much attention by the government and parliament and academics to develop a real foundations to ensure address anomalies in the Iraqi economy in a comprehensive manner away from the prosthetic processors," pointing out that "the budget items are subject to economic vision leading to more rentier and the distribution of money without creating productive investment and expand the economic base. "
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27/6/2015
Governor of the Central Bank announced on the Keywords, Saturday, Bank of liberation select a specific cap on dollar sales, stressing that the Iraqi dinar strength which cost the state treasury sums expensive was the cause of the growth of the economies of neighboring countries.
Said Dr. Ali Keywords in a seminar monetary difficulties and the position of the central bank towards them, which was brought by the progress of policy development institute that "the Central Bank can not be committed to the decision sale 75-120 million dollars a day as stated in the decision of the general budget for 2015, as well as the suspended duties and taxes amounting to meet 8% on the sale of currency operations ", noting that" the bank was able to maintain the exchange in a balanced and acceptable price and exceeded inflation, which heralds've had two weeks before the option. "
He said the central bank governor, said that "liberalization of sales ceiling process need to be controlled by the authority scrutinize the money source for fear of getting caught in the nets of corruption and money laundering," stressing that "the Central Bank is currently working on the development of regulatory mechanisms through the opening of an office within the central bank to combat crimes Money laundering ".
He Keywords that "the central bank make great efforts to strengthen the dinar cost the state huge amounts of money, this process leads to attract investment, but unfortunately, the power of the Iraqi dinar was the cause of the growth of the economies of neighboring countries, which is imported by Iraq of all its needs," citing the "exit At least 70% of hard currency from the sale of oil to the outside of the lack of local produce such as industry, agriculture and tourism. "
He continued that "demand for the dollar factors that must be given much attention by the government and parliament and academics to develop a real foundations to ensure address anomalies in the Iraqi economy in a comprehensive manner away from the prosthetic processors," pointing out that "the budget items are subject to economic vision leading to more rentier and the distribution of money without creating productive investment and expand the economic base. "
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