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Alaguetsadahalgnapehthml "prominent politicians" claim responsibility weaken Dinar..obra Central Hraeadsbaik gold
01/07/2015
BAGHDAD
Carried the parliamentary economics committee, on Wednesday, leading politicians responsible for the weakening of the value of the Iraqi dinar, and with the high dollar exchange rate is expected in the coming days, the decision of the Central Bank of Iraq to buy gold bullion experts counted a positive step provides a cover for the Iraqi currency.
A member of the economic and investment commission in Parliament, Mohammed Abbas Salman, in an interview for "term" that "some prominent politicians in the Iraqi arena, trying to exploit the economic situation of the country, weakening the Iraqi dinar for special purposes."
"There are serious attempts to control the money market in Iraq and sought to return the Iraqi economy to pre-2003, accusing the neighboring countries of trying to thwart the political to take place in the country with the help of some politicians. "
He continued Salman that "the economic situation has a direct impact on the lives of citizens, and their daily, and that price volatility and the high price of the dollar, it prejudice the situation Mental citizen, which is desperately needed to stabilize the security and political and economic situation, and thus is the first affected and last. "
He predicted rise in the dollar exchange rate once again, in the coming days, the lack of stability, in the presence of gangs in the Iraqi arena, playing a role in this direction. "
For his part, economist, Resan Hatem said in an interview for the "long", that "the dollar exchange rate has deteriorated in the last period for reasons some known and others unknown, noting that" at the forefront of these reasons is the application of Article V of the Constitution, which states that restrict the Bank Central to sell $ 75 million a day in currency auctions. "
He added, "The other side is the loss of independence of the Central Bank, and the lack of administration operate independently and almost complete, as well as political robbery at some banks, making the Iraqi dinar fluctuate and deteriorate to the level reached by now ".
He noted Salman that "the central bank's decision to buy gold bullion is a positive step, because each currency should have a cover, this cover is a metal cover, any purchase gold to be the cover of the Iraqi currency instead of reserves of hard currency as dollar and others."
He explained that "hard currency began to drain due to deterioration of the Iraqi dinar, and the resort's central bank to buy gold, you may return the Iraqi currency strength."
The economist that "there are signs confirming that the Iraqi dinar will recover in the coming days as a result of those actions."
Economists may be attributed, in the (16 June 2015), the high dollar exchange rate against the dinar to the floundering economic policy, and the neglect of the productive sector, while the Parliamentary Finance Committee confirmed that the concerned state has taken action to support the value of the dinar, including increasing the supply of dollars in the market and accept package All purchase orders submitted by traders and banking companies and banks, and the abolition of tax deposit and customs that were collected in advance by eight percent.
Finance Committee in the Iraqi Council of Representatives promised, on Monday (the fifteenth of June 2015), that many of the question marks are raised on the results of bank procedures Iraqi Central to stop the deterioration of the value of the dinar against the dollar, while the economic and investment commission parliamentary felt that many of the economic crisis solution is to amend that law Bank so as to ensure its independence from the government, and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this and accused them of and speculators responsibility, vowing "dissuasive" measures.
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01/07/2015
BAGHDAD
Carried the parliamentary economics committee, on Wednesday, leading politicians responsible for the weakening of the value of the Iraqi dinar, and with the high dollar exchange rate is expected in the coming days, the decision of the Central Bank of Iraq to buy gold bullion experts counted a positive step provides a cover for the Iraqi currency.
A member of the economic and investment commission in Parliament, Mohammed Abbas Salman, in an interview for "term" that "some prominent politicians in the Iraqi arena, trying to exploit the economic situation of the country, weakening the Iraqi dinar for special purposes."
"There are serious attempts to control the money market in Iraq and sought to return the Iraqi economy to pre-2003, accusing the neighboring countries of trying to thwart the political to take place in the country with the help of some politicians. "
He continued Salman that "the economic situation has a direct impact on the lives of citizens, and their daily, and that price volatility and the high price of the dollar, it prejudice the situation Mental citizen, which is desperately needed to stabilize the security and political and economic situation, and thus is the first affected and last. "
He predicted rise in the dollar exchange rate once again, in the coming days, the lack of stability, in the presence of gangs in the Iraqi arena, playing a role in this direction. "
For his part, economist, Resan Hatem said in an interview for the "long", that "the dollar exchange rate has deteriorated in the last period for reasons some known and others unknown, noting that" at the forefront of these reasons is the application of Article V of the Constitution, which states that restrict the Bank Central to sell $ 75 million a day in currency auctions. "
He added, "The other side is the loss of independence of the Central Bank, and the lack of administration operate independently and almost complete, as well as political robbery at some banks, making the Iraqi dinar fluctuate and deteriorate to the level reached by now ".
He noted Salman that "the central bank's decision to buy gold bullion is a positive step, because each currency should have a cover, this cover is a metal cover, any purchase gold to be the cover of the Iraqi currency instead of reserves of hard currency as dollar and others."
He explained that "hard currency began to drain due to deterioration of the Iraqi dinar, and the resort's central bank to buy gold, you may return the Iraqi currency strength."
The economist that "there are signs confirming that the Iraqi dinar will recover in the coming days as a result of those actions."
Economists may be attributed, in the (16 June 2015), the high dollar exchange rate against the dinar to the floundering economic policy, and the neglect of the productive sector, while the Parliamentary Finance Committee confirmed that the concerned state has taken action to support the value of the dinar, including increasing the supply of dollars in the market and accept package All purchase orders submitted by traders and banking companies and banks, and the abolition of tax deposit and customs that were collected in advance by eight percent.
Finance Committee in the Iraqi Council of Representatives promised, on Monday (the fifteenth of June 2015), that many of the question marks are raised on the results of bank procedures Iraqi Central to stop the deterioration of the value of the dinar against the dollar, while the economic and investment commission parliamentary felt that many of the economic crisis solution is to amend that law Bank so as to ensure its independence from the government, and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this and accused them of and speculators responsibility, vowing "dissuasive" measures.
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