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Central Bank Governor holds speculators responsible for high dollar
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Economy news/agencies.
Central Bank Governor attributed Wednesday, rising dollar supply and demand and to impose measures on speculators, and stressed that the devaluation of the dinar does not arise in the present option.
The Central Bank Governor said in an interview with relations (range), that "supply and demand of different reasons the dollar and Central Bank dollar sales reduced by 40% during the past period compared with previous years to maintain a certain level of cash reserve," Noting that
"the lack of supply with demand at the same level and increased government spending on dollar revenues must be open to speculation in the market."
"The other reason for the dollar's rise stemmed from the imposition of the Central Bank plenty of requirements such as compliance and oversight of procurement and implementation of accreditation and abide by the rules and documentation", noting that
"when the Central Bank calls for specific actions should result in added work for brokers as customs declarations and tax accounting and import leave."
"Lock those things cost speculators amounts paid under the table, although in some dislocation deterrent actions of State organs reflected the dollar", pointing out that
"non-citizen cooperation with central banks and speculators install dollar transactions lead to the buyer paid cash difference between the exchange rate and prevents prosecuted."
On the devaluation of the dinar, relations stressed that "reducing the value of the dinar is out option at present."
The dollar exchange rate over the past few days has seen relatively low.
mm
Content link http://economy-news.net/content.php?id=5853
Central Bank Governor holds speculators responsible for high dollar
Added by editor
Economy news/agencies.
Central Bank Governor attributed Wednesday, rising dollar supply and demand and to impose measures on speculators, and stressed that the devaluation of the dinar does not arise in the present option.
The Central Bank Governor said in an interview with relations (range), that "supply and demand of different reasons the dollar and Central Bank dollar sales reduced by 40% during the past period compared with previous years to maintain a certain level of cash reserve," Noting that
"the lack of supply with demand at the same level and increased government spending on dollar revenues must be open to speculation in the market."
"The other reason for the dollar's rise stemmed from the imposition of the Central Bank plenty of requirements such as compliance and oversight of procurement and implementation of accreditation and abide by the rules and documentation", noting that
"when the Central Bank calls for specific actions should result in added work for brokers as customs declarations and tax accounting and import leave."
"Lock those things cost speculators amounts paid under the table, although in some dislocation deterrent actions of State organs reflected the dollar", pointing out that
"non-citizen cooperation with central banks and speculators install dollar transactions lead to the buyer paid cash difference between the exchange rate and prevents prosecuted."
On the devaluation of the dinar, relations stressed that "reducing the value of the dinar is out option at present."
The dollar exchange rate over the past few days has seen relatively low.
mm
Content link http://economy-news.net/content.php?id=5853
