Home
04/28/2013 12:00 AM
After fluctuating exchange rate of the dollar
BAGHDAD - Hussein ثغب Tamimi
witnessing the Iraqi market volatility evident in the exchange rate of the dollar against the Iraqi dinar is to climb in favor of the dollar as the price ranges cashed between 127-128 dinars. comes this volatility, despite the many actions taken by the central bank in order to exchange rate stability by expanding distribution outlets and the inclusion of all citizens in the dollar to get through a specific mechanism.
Some economists attribute the cause to the absence of a law regulating the process of converting foreign currencies, allowing the creation of this gap in supply and demand. In interviews conducted by the (morning) with a number of specialists Gather the need to address this phenomenon, which is detrimental to the national economy. The confirmed number of economists on the need to follow a number of measures that contribute to the stability of the value of the local currency in the market, They pointed to the importance of passing a law regulating foreign exchange in addition to the importance of follow-up foreign transfers and check the documents submitted for the purpose of buying the currency, in addition to pumping the largest amount to Mahlahabr markets Mnavd new.
At a meeting with economic expert d. The appearance of Mohammed said: supposed to improve Iraqi dinar exchange rate against the dollar, because Iraq is characterized by a trade surplus in the current account, and this is reflected in the value of the dinar and not vice versa if it improves the dinar at least stabilizing.
, adding that Iraq secure the principle of freedom of foreign exchange, including not intersect with the any transfers of criminal Kgusal money and other things illegal, we need to organize a more accurate conversion process outside because the conversion all depends on oil resources, and pointed out that the treatment depends options first is to rely on style central severe or release of economic freedom with the organization more.
pointed to lack of clarity in the liberation of the capital account to the payments, and we are still afraid of capital flight, and pointed to the importance of the legislation law regulating exit the Iraqi capital, in practice we have a law regulating the entry of foreign capital, which is investment forms, and here to be a law to regulate out of capital Iraq to prevent inflating import bills outside.
either financial expert Hilal Taan said that maintaining a fixed exchange rate to the dollar is one of the duties of the Iraqi Central Bank, which is located has a responsibility to balance at home and abroad, adding that the reasons for the high dollar many the most important regional events and increasing foreign remittances, pointing out that the central bank auction was selling daily about the 200 million dollars, but has risen in recent times to nearly 400 million 30 percent is sold in the domestic market, and 70 percent go on the form of remittances treasury go abroad in addition to the security situation that contributed to the instability of the dollar exchange rate.
, and pointed out that the stability of the exchange rate depends on increased sales of the currency in the domestic market to meet the growing demand while reducing foreign exchange.
competent in the matter of financial Iraqi Institute for Economic Reform Alaa Fahd said the fluctuation of the dollar exchange rate in the domestic market based mechanisms supply and demand as well as the limitations of the auction for the inclusion of some banks during the previous period, but the central bank began to change its policy by subtracting the amounts more than the previous cross since the direct sales to the citizens, and this needs to continue, review and study of this approach by the Central Bank.
stressed the importance of the for the control of the central banks that make up the role of mediator between the student real currency and central bank, and pointed out the importance of ensuring the documents provided by the merchant as well as the orientation towards expanding sales base. Proposal for the distribution of employees' salaries in dollars as is the case in Jordan and Lebanon because it raises the supply versus low demand.
economist Amer Issa jeweler pointed out that the overall stability in the country leads to the creation of a force for the local economy doing production and services and reduce the exit of hard currency for imports, as well as for help in bringing investment and foreign capital, and in all cases can be achieved stability in the exchange rate of the dollar. It also can work on the organization of the process of foreign exchange, including offers for the local economy.
, and pointed out that the import runaway for different commodities leads to stagger the exchange rate, as well as speculation is natural, which must have the authority of the financial role for the monitoring, analysis and take the necessary measures, and pointed out that the oil resources of the reservation the country's economy.
[You must be registered and logged in to see this link.]
After fluctuating exchange rate of the dollar
BAGHDAD - Hussein ثغب Tamimi
witnessing the Iraqi market volatility evident in the exchange rate of the dollar against the Iraqi dinar is to climb in favor of the dollar as the price ranges cashed between 127-128 dinars. comes this volatility, despite the many actions taken by the central bank in order to exchange rate stability by expanding distribution outlets and the inclusion of all citizens in the dollar to get through a specific mechanism.
Some economists attribute the cause to the absence of a law regulating the process of converting foreign currencies, allowing the creation of this gap in supply and demand. In interviews conducted by the (morning) with a number of specialists Gather the need to address this phenomenon, which is detrimental to the national economy. The confirmed number of economists on the need to follow a number of measures that contribute to the stability of the value of the local currency in the market, They pointed to the importance of passing a law regulating foreign exchange in addition to the importance of follow-up foreign transfers and check the documents submitted for the purpose of buying the currency, in addition to pumping the largest amount to Mahlahabr markets Mnavd new.
At a meeting with economic expert d. The appearance of Mohammed said: supposed to improve Iraqi dinar exchange rate against the dollar, because Iraq is characterized by a trade surplus in the current account, and this is reflected in the value of the dinar and not vice versa if it improves the dinar at least stabilizing.
, adding that Iraq secure the principle of freedom of foreign exchange, including not intersect with the any transfers of criminal Kgusal money and other things illegal, we need to organize a more accurate conversion process outside because the conversion all depends on oil resources, and pointed out that the treatment depends options first is to rely on style central severe or release of economic freedom with the organization more.
pointed to lack of clarity in the liberation of the capital account to the payments, and we are still afraid of capital flight, and pointed to the importance of the legislation law regulating exit the Iraqi capital, in practice we have a law regulating the entry of foreign capital, which is investment forms, and here to be a law to regulate out of capital Iraq to prevent inflating import bills outside.
either financial expert Hilal Taan said that maintaining a fixed exchange rate to the dollar is one of the duties of the Iraqi Central Bank, which is located has a responsibility to balance at home and abroad, adding that the reasons for the high dollar many the most important regional events and increasing foreign remittances, pointing out that the central bank auction was selling daily about the 200 million dollars, but has risen in recent times to nearly 400 million 30 percent is sold in the domestic market, and 70 percent go on the form of remittances treasury go abroad in addition to the security situation that contributed to the instability of the dollar exchange rate.
, and pointed out that the stability of the exchange rate depends on increased sales of the currency in the domestic market to meet the growing demand while reducing foreign exchange.
competent in the matter of financial Iraqi Institute for Economic Reform Alaa Fahd said the fluctuation of the dollar exchange rate in the domestic market based mechanisms supply and demand as well as the limitations of the auction for the inclusion of some banks during the previous period, but the central bank began to change its policy by subtracting the amounts more than the previous cross since the direct sales to the citizens, and this needs to continue, review and study of this approach by the Central Bank.
stressed the importance of the for the control of the central banks that make up the role of mediator between the student real currency and central bank, and pointed out the importance of ensuring the documents provided by the merchant as well as the orientation towards expanding sales base. Proposal for the distribution of employees' salaries in dollars as is the case in Jordan and Lebanon because it raises the supply versus low demand.
economist Amer Issa jeweler pointed out that the overall stability in the country leads to the creation of a force for the local economy doing production and services and reduce the exit of hard currency for imports, as well as for help in bringing investment and foreign capital, and in all cases can be achieved stability in the exchange rate of the dollar. It also can work on the organization of the process of foreign exchange, including offers for the local economy.
, and pointed out that the import runaway for different commodities leads to stagger the exchange rate, as well as speculation is natural, which must have the authority of the financial role for the monitoring, analysis and take the necessary measures, and pointed out that the oil resources of the reservation the country's economy.
[You must be registered and logged in to see this link.]
