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Warned of suspicious transactions get at the auctions .. Economists fear of increased sales volume of hard currency with the approach of elections
14/04/2014
Iraqi Baghdad Observer: Observers expressed in economic affairs for fear of increasing sales volume of hard currency with elections approaching, in a similar scenario happened in the last parliamentary elections, and as confirmed speculation that these huge profits go back to those who lead these transactions, warned of Operations suspicious during the auction currency. Sources competent in the economic condition of anonymity that "the size of the dollar sales for the past month, amounting to 4.6 billion dollars, is the largest number of its kind during the past three years," adding that "this abnormal growth of sales volume repeats before the last parliamentary elections, which took place in (2010) ". The sources pointed out that "a repeat scenario with elections approaching demonstrates that there are suspicious transactions behind the auction the dollar, especially since the rate of interest earned by the parties or the party that buys the dollar amounting to 216 million dollars, a percentage of the revenues do not derive any company in the world within one month ". The sources accused Wills hidden behind selling the currency and buying them, especially since the group eligibility of Iraqi banks are buying this size of cash making profits strewn on the heads of decision makers and gatekeepers of the whole process. The sources confirmed that corruption in the sale of the dollar will take place outside the central bank, and stick to the charges directly to banks that buy the currency. To the economist warned of increasing dollar amounts sold at auction the central bank because it will affect the size of the monetary reserves of hard currency located at the Central Bank. Observers believe that the current monetary policy pursued by the central bank is not built on the foundations of monetary or banking valid evidence that it increases the offer to sell the U.S. dollar in the auction and did not think Balahtiat located has a hard currency. He said observers: that the source of hard currency 'dollar' comes through the sale of oil and there are no other sources can be relied upon to attract hard currency for the country, when you increase the dollar amounts sold at auction the central bank will reduce the monetary reserves of hard currency and thus will affect the value of the Iraqi dinar against the international currencies. He was a member of the Committee on the economy and investment parliamentary Aziz Sharif Mayahi, has been accused on the date of February 12 last, the central bank to take action weakening of the dinar against the dollar, warning call central bank governor, Abdul-Basit Turki, the parliament in the event of the continuation of that policy "suspicious." At the date of 26 February 2014 promised Association Chirvien Iraqis, that the central bank's decision the judge to limit distribution outlets of foreign currency in banks own, contrary to the principle of the free market, and lead to a monopoly of foreign currency, and disrupts the movement of goods, and appealed to the bank to reconsider its decision. It is noteworthy that a number of owners of companies banking financial, criticized in December 2013 the last, tough measures pursued by the central bank and the routine which controls procedures, and argued that they can not approach the office of any employee to ask about the fate of their transactions, and that the Bank lacks regulations in its dealings, and that puts him instructions and controls "and the harsh injustice."
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14/04/2014
Iraqi Baghdad Observer: Observers expressed in economic affairs for fear of increasing sales volume of hard currency with elections approaching, in a similar scenario happened in the last parliamentary elections, and as confirmed speculation that these huge profits go back to those who lead these transactions, warned of Operations suspicious during the auction currency. Sources competent in the economic condition of anonymity that "the size of the dollar sales for the past month, amounting to 4.6 billion dollars, is the largest number of its kind during the past three years," adding that "this abnormal growth of sales volume repeats before the last parliamentary elections, which took place in (2010) ". The sources pointed out that "a repeat scenario with elections approaching demonstrates that there are suspicious transactions behind the auction the dollar, especially since the rate of interest earned by the parties or the party that buys the dollar amounting to 216 million dollars, a percentage of the revenues do not derive any company in the world within one month ". The sources accused Wills hidden behind selling the currency and buying them, especially since the group eligibility of Iraqi banks are buying this size of cash making profits strewn on the heads of decision makers and gatekeepers of the whole process. The sources confirmed that corruption in the sale of the dollar will take place outside the central bank, and stick to the charges directly to banks that buy the currency. To the economist warned of increasing dollar amounts sold at auction the central bank because it will affect the size of the monetary reserves of hard currency located at the Central Bank. Observers believe that the current monetary policy pursued by the central bank is not built on the foundations of monetary or banking valid evidence that it increases the offer to sell the U.S. dollar in the auction and did not think Balahtiat located has a hard currency. He said observers: that the source of hard currency 'dollar' comes through the sale of oil and there are no other sources can be relied upon to attract hard currency for the country, when you increase the dollar amounts sold at auction the central bank will reduce the monetary reserves of hard currency and thus will affect the value of the Iraqi dinar against the international currencies. He was a member of the Committee on the economy and investment parliamentary Aziz Sharif Mayahi, has been accused on the date of February 12 last, the central bank to take action weakening of the dinar against the dollar, warning call central bank governor, Abdul-Basit Turki, the parliament in the event of the continuation of that policy "suspicious." At the date of 26 February 2014 promised Association Chirvien Iraqis, that the central bank's decision the judge to limit distribution outlets of foreign currency in banks own, contrary to the principle of the free market, and lead to a monopoly of foreign currency, and disrupts the movement of goods, and appealed to the bank to reconsider its decision. It is noteworthy that a number of owners of companies banking financial, criticized in December 2013 the last, tough measures pursued by the central bank and the routine which controls procedures, and argued that they can not approach the office of any employee to ask about the fate of their transactions, and that the Bank lacks regulations in its dealings, and that puts him instructions and controls "and the harsh injustice."
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