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Twilight News - 12/02/2012
Iraq is the withdrawal of the dollar spread is due to the high price of banking procedures
The parliamentary economic committee said on Sunday, that the reports referred to the withdrawal of the U.S. dollar rumor unfounded, noting at the same time that the actions of the central bank is a new reason for the high price.
He described the central bank earlier in the case of high dollar as the empty air bubble will be gone and that can be controlled. The Bank has a reserve balance up to $ 60 billion.
According to the CBI that the high dollar earned due to the weak local production and the withdrawal of foreign exchange by importing foreign goods and materials.
A member of the parliamentary economic committee Almrobei Hussein said in a statement received "Twilight News" copy of "The high price of the Iraqi dinar to the dollar, caused by the central bank from making new procedures and controls for the circulation of foreign currency, and this lack of effect on the pump."
The price of one dollar to more than 1200 Iraqi dinars.
He Almrobei that "the central bank was not working before these regulations, affecting the price of foreign currency."
He explained that "the procedures followed by the central bank came at the wrong time and was supposed to inform the Economic Committee in the House of Representatives discussed the details of measures to determine the extent and impact on the economic situation in the country."
Almrobei said that "the withdrawal of the dollar Maichea from Iraq and replace it with other currencies untrue and aim is to confuse the political and economic situations in the country."
Referred to the Iraqis that traders are now buying the dollar from the Iraqi Central Bank for smuggling to Syria and Iran, which are subject to an international economic embargo, according to press reports.
The Central Bank of Iraq began the application of new measures over the sales of the dollar, which led to a significant reduction in the rates of sales at the weekly auction held by the bank.
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Iraq is the withdrawal of the dollar spread is due to the high price of banking procedures
The parliamentary economic committee said on Sunday, that the reports referred to the withdrawal of the U.S. dollar rumor unfounded, noting at the same time that the actions of the central bank is a new reason for the high price.
He described the central bank earlier in the case of high dollar as the empty air bubble will be gone and that can be controlled. The Bank has a reserve balance up to $ 60 billion.
According to the CBI that the high dollar earned due to the weak local production and the withdrawal of foreign exchange by importing foreign goods and materials.
A member of the parliamentary economic committee Almrobei Hussein said in a statement received "Twilight News" copy of "The high price of the Iraqi dinar to the dollar, caused by the central bank from making new procedures and controls for the circulation of foreign currency, and this lack of effect on the pump."
The price of one dollar to more than 1200 Iraqi dinars.
He Almrobei that "the central bank was not working before these regulations, affecting the price of foreign currency."
He explained that "the procedures followed by the central bank came at the wrong time and was supposed to inform the Economic Committee in the House of Representatives discussed the details of measures to determine the extent and impact on the economic situation in the country."
Almrobei said that "the withdrawal of the dollar Maichea from Iraq and replace it with other currencies untrue and aim is to confuse the political and economic situations in the country."
Referred to the Iraqis that traders are now buying the dollar from the Iraqi Central Bank for smuggling to Syria and Iran, which are subject to an international economic embargo, according to press reports.
The Central Bank of Iraq began the application of new measures over the sales of the dollar, which led to a significant reduction in the rates of sales at the weekly auction held by the bank.
[You must be registered and logged in to see this link.]
