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Iraq .. Dollar exchange rate "bird" Accelerator central bank can not grip
04-05-2013 09:55 AM
Baghdad (news) / report / .. Actions taken by the central bank and stood helpless in front of maintaining the exchange rate of the dollar against the dinar, with continued daily rush of citizens to buy the dollar, which could have economic and political implications, the Agency (news) discussed the phenomenon with the people of experts in this field.
Director says Commissioner to the country's Islamic Bank, Hana al-Khafaji: surprised every morning existence of long Toaberh of citizens who want to buy the dollar, and the strange thing is that all citizens want the dollar for the purpose of trade or travel, noting that it's arguments are not convincing.
She added: that most people who buy the dollar are the truth 'recruits' by other people for a few commissions, versus going they buy dollars to the destinations you want to take advantage of them and currency controls however you like.
She explained: that some banks addressed the central bank need to modify the mechanism of dollar selling by private banks and the requirement for a visa in the passport Ambassro form of the Ministry of Commerce, or at least the identity of trade for the purpose of buying the dollar, but this has not yet achieved any of these proposals, and remained only a passport travel when the citizen.
She stressed: that the continued sale of the dollar according to the current mechanism, in which the danger to citizens who gather in the hundreds to buy the dollar, pointing out that the possibility of being targeted by terrorism ordered Ward to the lack of the necessary protection for them, and second danger is the development, because the basis of masses of citizens should be devoted to the production and action, not stand in queues waiting to the difference between the price of the dollar in the banks and the market.
While he said the citizen Eyad Khalid: Not everyone standing in front of banks to buy the dollar is in order to get the price difference in the dollar, Some Balhakiqih want the dollar in order to travel out of the country for medical treatment or to perform Umrah or of the study, pointing out that these reasons raise doubts structure standing.
He Khaled: that some began to call all who stand in front of the bank to buy dollars (Baldalalah) This recipe seemed tempted us who we want Hare dollar, adding that such status began to change handle bank staff with us, that deal is flexible with us by the staff of banks and times we begin to waive this quasi strangers to buy the dollar.
As he says Ra'ed good that we do not deny that we stood in front of banks every morning is to buy the dollar, but not for travel or for treatment, but to sell it to the shops banking and take profit, indicating that the price difference may reach each 5,000 $ 300 thousand Iraqi dinars and that the amount of good and appropriate us being unemployed.
He continued good: we are doing something permitted by the state that it did not require that there be a visa in the passport or that there would be identification papers to travel for treatment or study only be بصحبتك when you go to the bank to buy the dollar and the travel document, no passport, no other, and this is a legitimate right us to act in the sale or dollar savings that we buy.
Are buying the dollar for domestic banks and government during daily sessions for the sale and purchase of foreign currency held by the Iraqi Central Bank, which is supposed to fund the traders from the private sector, and be sales, either in cash or in the form of remittances sold abroad for a commission certain.
The Central Bank of Iraq announced earlier for the high hard currency reserves to 67 billion dollars, stressing that these reserves are the largest in the history of Iraq, pointing out that this is one of the reserves of monetary policy to reduce inflation in the country.
Escalated accusations of smuggling currency that has cast a shadow on the sale price of the dollar in the local markets and led to increased exchange rate over the past month while MPs need to take the initiative on the government to stop selling the currency at auctions the central bank Others stressed that Iraq is losing big money by smuggled daily out of the border, although many praise from specialists in economic affairs on the positives of the auction to reduce the rates of inflation and to control the value of the Iraqi dinar.
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04-05-2013 09:55 AM
Baghdad (news) / report / .. Actions taken by the central bank and stood helpless in front of maintaining the exchange rate of the dollar against the dinar, with continued daily rush of citizens to buy the dollar, which could have economic and political implications, the Agency (news) discussed the phenomenon with the people of experts in this field.
Director says Commissioner to the country's Islamic Bank, Hana al-Khafaji: surprised every morning existence of long Toaberh of citizens who want to buy the dollar, and the strange thing is that all citizens want the dollar for the purpose of trade or travel, noting that it's arguments are not convincing.
She added: that most people who buy the dollar are the truth 'recruits' by other people for a few commissions, versus going they buy dollars to the destinations you want to take advantage of them and currency controls however you like.
She explained: that some banks addressed the central bank need to modify the mechanism of dollar selling by private banks and the requirement for a visa in the passport Ambassro form of the Ministry of Commerce, or at least the identity of trade for the purpose of buying the dollar, but this has not yet achieved any of these proposals, and remained only a passport travel when the citizen.
She stressed: that the continued sale of the dollar according to the current mechanism, in which the danger to citizens who gather in the hundreds to buy the dollar, pointing out that the possibility of being targeted by terrorism ordered Ward to the lack of the necessary protection for them, and second danger is the development, because the basis of masses of citizens should be devoted to the production and action, not stand in queues waiting to the difference between the price of the dollar in the banks and the market.
While he said the citizen Eyad Khalid: Not everyone standing in front of banks to buy the dollar is in order to get the price difference in the dollar, Some Balhakiqih want the dollar in order to travel out of the country for medical treatment or to perform Umrah or of the study, pointing out that these reasons raise doubts structure standing.
He Khaled: that some began to call all who stand in front of the bank to buy dollars (Baldalalah) This recipe seemed tempted us who we want Hare dollar, adding that such status began to change handle bank staff with us, that deal is flexible with us by the staff of banks and times we begin to waive this quasi strangers to buy the dollar.
As he says Ra'ed good that we do not deny that we stood in front of banks every morning is to buy the dollar, but not for travel or for treatment, but to sell it to the shops banking and take profit, indicating that the price difference may reach each 5,000 $ 300 thousand Iraqi dinars and that the amount of good and appropriate us being unemployed.
He continued good: we are doing something permitted by the state that it did not require that there be a visa in the passport or that there would be identification papers to travel for treatment or study only be بصحبتك when you go to the bank to buy the dollar and the travel document, no passport, no other, and this is a legitimate right us to act in the sale or dollar savings that we buy.
Are buying the dollar for domestic banks and government during daily sessions for the sale and purchase of foreign currency held by the Iraqi Central Bank, which is supposed to fund the traders from the private sector, and be sales, either in cash or in the form of remittances sold abroad for a commission certain.
The Central Bank of Iraq announced earlier for the high hard currency reserves to 67 billion dollars, stressing that these reserves are the largest in the history of Iraq, pointing out that this is one of the reserves of monetary policy to reduce inflation in the country.
Escalated accusations of smuggling currency that has cast a shadow on the sale price of the dollar in the local markets and led to increased exchange rate over the past month while MPs need to take the initiative on the government to stop selling the currency at auctions the central bank Others stressed that Iraq is losing big money by smuggled daily out of the border, although many praise from specialists in economic affairs on the positives of the auction to reduce the rates of inflation and to control the value of the Iraqi dinar.
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