Eid and "ambiguity" currency auction invoking the dollar and the parliament plans to host the central bank governor

18/09/2016 14:45

Long-Presse / Baghdad

He attributed the economists, the high dollar exchange rate to the increase in demand due to rising passenger numbers during the Eid al-Adha and lower Iraq's imports from the dollar, and pointed to the existence of "ambiguity" in the way of dollar selling by auction currency, while the Finance Committee promised in parliament continued selling the currency in this way the " it is a win-win service for the corrupt ", it revealed its intention to host the Governor of the Central Bank on it.

Financial advisor to the Prime Minister, said the appearance of Mohammed Saleh said in an interview to the (long-Presse), "The dollar exchange rates rise in the past few days due to low supply and a significant rise in demand in the size of the market," noting that "the central bank is making extraordinary efforts to control the economy and keep it from collapse. "

Saleh added that "the central bank sales of foreign currency outweigh those contained from the sale of oil, which helped non-collapse of the economy and support for the state treasury and not to the emergence of other market," returned to "This measure will not last long, and will end after the improvement of the economic situation and rising oil prices in 2017 ".

He disclosed financial advisor to the Prime Minister, for "the existence of an ambiguity in the process of selling currencies, where all the money goes for commercial purpose, which found an auction sale of currency for him," pointing to the need to "direct a question to the parliament and the government and the central bank for a place to go those quantities of foreign currency." .

Saleh called on the government and parliament and the central bank to "control the extra money and capital invested in the country through its own legislation of laws."

For his part, he said economic expert on behalf of Jamil Antoine in an interview to the (long-Presse), "The rise in passenger numbers for the purpose of tourism during the Eid al-Adha led holiday to the high dollar exchange rates, although the central bank has given a signal to the government banks to sell 3000 dollars each passenger on condition possession of a passport or travel card, "noting that" demand for the dollar rose for the quantity supplied is exceeded the central bank's ability to be met which led to a rise in the exchange rate. "

He added Antoine, that "the size of Iraq's imports from the dollar declined in terms of fully depends on what is given him in exchange for the sale of oil," asserting that "speculators and banking offices and travel companies took advantage of this situation as well and played a big role higher dollar prices."

In turn, said a member of the Finance Committee in the House of Representatives Majida al-Tamimi said in an interview to the (long-Presse), "The imports of the dollar from the sale of oil goes to auction currency at the central bank, which sells more than the size of those imports", usually to "continue this non-trump politics is a service the corrupt. "

She said Tamimi, "The Finance Committee plans to host the central bank governor on the Keywords with other parties to discuss this issue, after the resumption of Parliament for meetings next Tuesday", stressing that "the Commission already asked the Governor of the Central Bank to put solutions to the auction of the currency and how much money It has been sold the dollar as well as providing us with reports on the entry of goods and the size of the Treasury's imports from customs. "

The CBI counting, in the August 29, 2016, that the sale of foreign currency window "and a way to ensure stability," the dinar exchange rate to meet the Iraqi economy requirements, while assuring "a greater role" for government banks to buy and sell the dollar and the development and auditing of funds used sources for the purposes of buying foreign currency .

The national coalition led by Iyad Allawi, counting, in the August 22, 2016, the dollar exchange rate in the domestic market management is a "window of thieves and corrupt", and described the auction currency to "place a waste of money and the diversion of Iraqi balance across the mafias money laundering", as he was concerned the determination to continue in the auction currency policy despite the warnings and recommendations of experts, called for the inclusion of the Central Bank reforms approved by the House of Representatives.

The Central Bank of Iraq is attacked, in the May 28, 2016, the banking and financial transfer companies, accusing them of using "forged documents and not to supplement the local market in hard currency," and with the Finance Committee in the House of Representatives confirmed that a lot of politicians have the majority of banking companies ", criticized the owners of companies and offices banking, "the central bank deal with them the way."

The parliamentary Finance Committee revealed, in the June 29, 2016, on the operations of a "new gimmick" to manipulate prices the dollar, and accused the exchange companies and banks eligibility to 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, said an expert economic that those loans will reduce the dollar exchange rate because it will stimulate employment and production sectors.