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what if? - Entries - Abdul Aziz Hassoun
– August 21, 2015
Iraqi Central Bank remained committed and determined to achieve two objectives, namely reducing the rate of inflation and stabilize the exchange rate of the dinar.
It rolled Bank procedures set by the instructions of succession where painted by different mechanisms, causing some contradictions harmful to all parties, especially after mixing which occurred fiscal and monetary Both authorities and the respective functions of other intentionally or without him. The intervention of other agencies also work procedures and powers of even the devastating impact and the effects of a tyrant Tptdaha shaky authorities that can not be guided by the goal of Mystery. Whirls around to the crowd after ascertain the veracity of its intentions. It is painful that a lot of fingers rose between forewarned and Munther this benefit may be that those who are in dire need of these signals in order to maintain the balance and the stability it created foot.
The monetary authority has been suffering and trying hard to reach the level of persuasion corresponding to the points of her which varied goals and objectives trends achieved all this waste enormous funds received by the monetary authority to act as Khazen not is and waiting when vocations instruct to open the door to get out.
And after aggravating things came a surge in demand for hard currency, which was a reflection of political and security situation continues to deteriorate, the monetary authority and found it at the height of confusion, as it is no longer in front of her, but the hard currency pouring in cash and a no-nonsense, which form the phenomenon of queues of campaign passports to obtain hard currency and they are not originally travelers.
It came another wave to affect banks and officials charging them not I firmly believe that the spirit of the laws allow them, as it is essentially left to take hard currency and stuck mediator who came to his application to the Central Bank.
This paradox is no doubt deserves to stand then. Then comes the comments
Members of the executive and legislative branches contain conflicting information lacked accuracy and realism, but taken as a check without the benefit of that ward off evil.
So atheist ten this month August 2015 the central bank will continue to issue new instructions to track the foregoing and in the confusion over where each party read it at whim.
And before that came article famous in the state which was added in the House of Representatives without the knowledge of the government, which has identified bank sales through the window five and seventy million US dollars a day budget law, which created a high uproar that ignited the exchange rate to more than 1,300 dinars to the dollar. And defiantly clear incomprehensible justifications open doors to the central bank pumped dollars in its vaults without limitation, under the pretext that there is a demand and the Bank met. Since the sale of large amounts of currency in this urgency and impatience, what will follow is a sell-checking and verification of the back wheel of the rotation in the same direction to fall further and raise capital.
No one knows why the central bank needs to be running the same foreign currency in the market, it is not a party to the circulation, it is usual that the central banks intervene when indicators for unexpected losses affecting cash assets where the sale or purchase exchange rates which exceed the loss appear. But the central bank intervenes in this way and pumped all this cash and manufacturing money, it will not do any good citizen market is known that can be achieved benefits without regard to any actions taken by any authority in the country.
What ... if ... Everybody wanted to take a break, the competent authorities restrict import documentary credits and if confronted with this decision inspired interview from the market Fbalamkan resort and the Ministry of Finance to pay the salaries and wages in dollar terms the price set by the central bank in its resolution last a (1180) dinars per dollars to get the sales proceeds to cover other expenses and achieve staff in addition to their salaries from the price difference between what the referee awarded them and the market price
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– August 21, 2015
Iraqi Central Bank remained committed and determined to achieve two objectives, namely reducing the rate of inflation and stabilize the exchange rate of the dinar.
It rolled Bank procedures set by the instructions of succession where painted by different mechanisms, causing some contradictions harmful to all parties, especially after mixing which occurred fiscal and monetary Both authorities and the respective functions of other intentionally or without him. The intervention of other agencies also work procedures and powers of even the devastating impact and the effects of a tyrant Tptdaha shaky authorities that can not be guided by the goal of Mystery. Whirls around to the crowd after ascertain the veracity of its intentions. It is painful that a lot of fingers rose between forewarned and Munther this benefit may be that those who are in dire need of these signals in order to maintain the balance and the stability it created foot.
The monetary authority has been suffering and trying hard to reach the level of persuasion corresponding to the points of her which varied goals and objectives trends achieved all this waste enormous funds received by the monetary authority to act as Khazen not is and waiting when vocations instruct to open the door to get out.
And after aggravating things came a surge in demand for hard currency, which was a reflection of political and security situation continues to deteriorate, the monetary authority and found it at the height of confusion, as it is no longer in front of her, but the hard currency pouring in cash and a no-nonsense, which form the phenomenon of queues of campaign passports to obtain hard currency and they are not originally travelers.
It came another wave to affect banks and officials charging them not I firmly believe that the spirit of the laws allow them, as it is essentially left to take hard currency and stuck mediator who came to his application to the Central Bank.
This paradox is no doubt deserves to stand then. Then comes the comments
Members of the executive and legislative branches contain conflicting information lacked accuracy and realism, but taken as a check without the benefit of that ward off evil.
So atheist ten this month August 2015 the central bank will continue to issue new instructions to track the foregoing and in the confusion over where each party read it at whim.
And before that came article famous in the state which was added in the House of Representatives without the knowledge of the government, which has identified bank sales through the window five and seventy million US dollars a day budget law, which created a high uproar that ignited the exchange rate to more than 1,300 dinars to the dollar. And defiantly clear incomprehensible justifications open doors to the central bank pumped dollars in its vaults without limitation, under the pretext that there is a demand and the Bank met. Since the sale of large amounts of currency in this urgency and impatience, what will follow is a sell-checking and verification of the back wheel of the rotation in the same direction to fall further and raise capital.
No one knows why the central bank needs to be running the same foreign currency in the market, it is not a party to the circulation, it is usual that the central banks intervene when indicators for unexpected losses affecting cash assets where the sale or purchase exchange rates which exceed the loss appear. But the central bank intervenes in this way and pumped all this cash and manufacturing money, it will not do any good citizen market is known that can be achieved benefits without regard to any actions taken by any authority in the country.
What ... if ... Everybody wanted to take a break, the competent authorities restrict import documentary credits and if confronted with this decision inspired interview from the market Fbalamkan resort and the Ministry of Finance to pay the salaries and wages in dollar terms the price set by the central bank in its resolution last a (1180) dinars per dollars to get the sales proceeds to cover other expenses and achieve staff in addition to their salaries from the price difference between what the referee awarded them and the market price
[You must be registered and logged in to see this link.]
