Home
Critical of the government policy of «Central» in raising the dinar against the dollar
28.01.2012 up new morning
Criticized the Adviser to the Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge the Iraqi Central Bank's policy to lift the Iraqi dinar against the U.S. dollar, while noting that the bank had not coordinated with the economic system in addressing the situation, saying that such policy violates the productive base in Iraq.
Said Abdul Hussein Al-Anbuge told Alsumaria News, said that «the Iraqi Central Bank to raise the dinar against the U.S. dollar at the present time is true that the rise is real», indicating that «the image of the Iraqi economy is reflected in the price of the dinar exchange».
He Anbuge to «raise the price of the Iraqi dinar like this now will help to promote the phenomenon of economic rent because it will make imports cheaper and thus lead to a deepening of this phenomenon«, pointing out that «phenomenon will feel the citizen that he should remain imports which are not the productive base in the Iraqi economy which seeks to get to the economic development in all other sectors ».
He Anbuge that «this way the Bank works to protect the foreign product at the expense of the local product», pointing out that «the bank did not coordinate with other economic system policies in dealing with the economic situation in Iraq».
The Anbuge that «there is a misconception to the issue of independence by the Central Bank of Iraq, which does not usually mean that the decisions taken far from the interests of the economy, which is supposed to be ruling in that», stressing that «the monetary policy is a policy adapted to the economic policies of other» .
In a related development, warned the number of experts in the field of economy and development, the escalation of the sale of foreign currency at border crossing points with Iran, Iranian traders and the requirement to pay Akiem goods supplied to Iraq in hard currency. This coincided with the prevalence of the phenomenon of selling hard currency to the Iranian businessmen at border crossings, especially in the province of Maysan.
The economist said the World Bank Majid picture, told the Kurdish news agency that «phenomenon of hard currency to replace the Iranian currency is not legal, but is the process of smuggling of foreign currency should fight by the security authorities».
He added that «the Iranian currency is not international, are not allowed coming out of the country, but with regard to travel costs, which do not exceed 100 dinars». Indicating that «phenomenon of replacement of hard currency to local Iranian influenced the value of the dollar in Iraq, and raised the demand for hard currency at the Central Bank».
In turn, said Executive Director of the Institute of Commercial Iraqi Ali comprehensive told the Kurdish news agency, that «the sale of hard currency on the Iranian traders hurt the domestic market in Iraq, raising the value of the dollar against Iraqi dinar», alluding to «the continuation of the smuggling of currency without central bank to re-arrange his papers for the sale of foreign exchange and budget with the dollar ».
He continued by saying that «the Iranian merchants are working to support their economy, especially that their government is exposed to an international economic blockade, and they suffer from a lack of access to them with the dollar coin the siege imposed on their banks International».
For his part, said economic expert, the appearance of Mohammed Saleh said that «this phenomenon is natural for countries such as Iran under its currency to the economic blockade and take deteriorate, making it tend to support Aqsadha», pointing out that «phenomenon Iraq was working on during the economic blockade it had emerged trading in Iraqi dinars with Jordanian Dinar ».
He said that «the process of smuggling currency harm the interests of Iraq, on the grounds that the latter depends on the import of foreign goods, or the dollar», indicating that «phenomenon generates a partnership of capacities of local economic between Iraq and Iran, and generate added value to the economy, but they generate a profit for the people».
There, in the British capital of London, a spokesman for the group occupied the London British, inspired by this method of movement (occupied Wall Street), the U.S., the group seized control of the new site consists of eight layers due to the Rafidain Bank of Iraq, followed away from the neighborhood of the Barbican.
British sources said that a group of protesters occupied London took control of the new building at the Iraqi bank in the financial district, located in central London, police and financial district in London confirmed it was aware of the incident, and responds.
She explained that the building, which put the group out of London occupied him back to the Rafidain Bank of Iraq
Referred to the protesters belonging to the movement started last October a protest in front of St Paul's Cathedral in central London, and vowed to stay in this location for an indefinite period; an expression of anger from bankers and politicians with regard to the global economic crisis.
The group is inspired by this method of movement (occupied Wall Street) protest to condemn the greed of companies and economic inequality as saying, when the gathering of several thousand in an attempt to control the area in front of the London Stock Exchange, after thwarting the ranks of the police to this attempt, the group moved to the cathedral, located next to arena, which includes the London Stock Exchange, as erected about 70 tent and sit there. Some said they would remain there for as long as possible.
British politicians and indicates that many British citizens believe that the senior officials of the banks that caused the economic crisis are still getting huge salaries and incentives, while they are suffering from freeze wages and reduce benefits to the high rates of inflation and taxes.
[You must be registered and logged in to see this link.]
