MP شنكالي: some private banks bear the responsibility for the low exchange rate of the Iraqi dinar

15-06-2013 10:32 AM

Baghdad (news) .. Download a member of the Committee on the economy and investment MP / coalition of Kurdish blocs / Jassim Mohammed شنكالي, some private banks and banking companies responsible for the low exchange rate of the dinar against the dollar due to the sale of part of hard currency for citizens at the official rate, while quantities many are sold to the black market.

said شنكالي (News Agency News): The price of the dollar at the Central Bank (1166) dinars, and sold to banks and companies approved price (1179) dinars, and the banks in turn sell them at a price (1189) dinars to citizens. explained: that some banks sell a fraction of the dollar to the citizens at a price (1189) dinars, while large quantities they sell to the black market and at commercial rates, which led to increase in the dollar exchange rate in the local market.

added: that the committees of Economy and Finance النيابيتين suggested the central bank to distribute part of the employees' salaries in dollars for three months, at least at the official rate of the dollar, so as to reduce the value of the dollar and support the Iraqi dinar exchange rate, but some of the people from decision-makers taking advantage of the current situation experienced by the Iraqi dinar. This is due to begin banks civil early next week, reducing the prices of dollar selling to the citizens at 1183 dinars, specific sales price for the purposes of the appropriations to 1178 dinars.

saw Iraq's recent rise in the dollar exchange rate result of market instability by Iqbal large numbers of citizens to buy it from outlets and then sell it to companies to mediate in the sale of currency exchange for small profits, which led to the high price of the dollar. / End / 8.'s. m /