Parliamentary Finance Committee revealed, on Wednesday, on the operations of a "new gimmick" to manipulate prices the dollar, and accused the exchange companies and banks a civil stand behind it, and as I came back to government loans "will not achieve" its goal of being will go to "the pockets of the mafia" economic, economist stressed that those loans will reduce the dollar exchange rate because it will stimulate employment and production sectors, saying that the government bond exchange and payments to contractors, will move the domestic market and leads to a state of relative stability.
She said a member of the Finance Committee, Majida al-Tamimi, said in an interview to the (long-Presse), "The instability of the dollar exchange rate in Iraq due to the impact of internal and external factors," pointing out that "monetary policy and the auction of the currency too much impact on the dollar exchange rate."
And praised al-Tamimi, "the central bank's decision to impose sanctions on foreign exchange or banks that do not sell the dollar at the official rate selected companies," revealing "the exchange companies out fraud by selling the dollar more than the official price without being subjected to the death."
She said the MP, that "the owner of the company is selling the dollar, which he got from the auction currency of one of its partners at the official rate on according to official receipts," and added that "partner sold dollars far ahead of the official price set for the citizen without the central bank to be able to hold him accountable because he does not hold official status. "
Tamimi confirmed, that "the dollar's exchange rate is subject to fraud and manipulation operations followed by banking companies and banks participating in the auction of the currency," surprising than "not to impose sanctions on participants that fraud and manipulation."
I promised the MP for the Liberal Movement, that "many companies and banks, which by a lot of question marks participate in the auction of the currency," pointing to the fact that "the companies and banks who controls the currency auction sale and the dollar exchange rate."
And on the Cabinet's decision to limit the purchase of currency registered with the Ministry of Commerce companies, Tamimi said, he was "good" afterthought "but it is better to cancel the auction of the currency and go to the Sindhi credits."
Tamimi felt, that "the actual stability of the currency mortgage transforming the Iraqi economy into a product which raises the value of the dinar."
In response to a question on the impact of government loans to citizens, industrialists and farmers, the value of the dinar against the dollar, saw Tamimi, that "much of the corruption taint lending operations," asserting that "the economic mafia is controlled on those loans."
And he ruled out a member of the parliamentary finance, that "the aim of the government loans achieved or that a positive impact on the economy or contribute to the development of the country", she attributed it to "go into the pockets of economic mafias and gangs."
Meanwhile, the economist said, on behalf of Jamil Antoine, in an interview to the (long-Presse), said that "some banks and companies that participate in the auction of dollar behave behaviors is committed to affecting the exchange rate."
According to Antoine, that "some of those companies and banks own methods that enable them to sell the dollar on the black market away from the central bank and controls censorship," returned to "stabilize the dollar exchange rate can not be achieved in a short period of being a process linked to the price of oil."
He said economic expert, that "the government bond exchange and payments to contractors, will move the domestic market and leads to a state of relative stability," stressing that "government loans granted will reduce the dollar exchange rate against the dinar because it will activate the various work and production sectors, thus reducing import."
The Council of Ministers decided on Tuesday (June 28, 2016), inventory of import and export companies as the process registered with the Ministry of Commerce, and the establishment of companies "solidarity" Alkmarki holds the clearance process, while select the first of next July as the date for implementation.
The Iraqi Central Bank announced on Wednesday (June 22, 2016), not to deal with customers who were struggling permits customs own Bastiradathm requests or who relied fraud, while committed banks and remittance to submit the names of those customers for the purpose of uncles to prevent their access to foreign currency in the future.
And saw the rate of buying the US dollar over the past few days, a surge reached 130,000 Iraqi dinars.