Related News: distribution of salaries in dollars would eliminate money laundering operation
11/21/2015


He specialized in economic affairs Raad Twigg said, the distribution of part of the salaries of state employees and relatively dollar will diversify the portfolio of savings for the Iraqi people and eliminate money laundering.

Twigg said in a press statement that "the distribution of part of the salaries of state employees and relatively dollar will contribute to the diversity of the money supply and satisfy the cash portion of the demand of other currencies and reduce the intermediaries in the trading of foreign currency, which will ease the pressure on the currency auction."

He noted that "the distribution of 20% of salary in dollars and the amount is deducted from Maatrah in the currency auction, it will not be a decisive influence on the amount of local currency amounting to 80% and will give more room for the freedom of the money market and disposal even if a certain percentage of the fixed exchange rate policy and disrupts even for a period currency smuggling operations by groups of speculators while reorganizing Mjamiahm after degeneration by this monetary measure. "

The parliamentary Finance Committee suggested to the distribution ratio of salaries of state employees in hard currency to prevent the monopoly of the US dollar to certain destinations and to support the Iraqi dinar exchange rate.

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