Eid and "ambiguity" currency auction invoking the dollar and the parliament planned t
Eid and "ambiguity" currency auction invoking the dollar and the parliament planned to climb central bank governor
09/19/2016 (0:01 pm) - The number of readings: 98
He attributed Economists, on Sunday, 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 currency In this way "is Winning is a service of the corrupt", it revealed its intention to climb Governor of the Central Bank on it.
Financial advisor to the Prime Minister, said the appearance of Mohammed Saleh in an interview (long-Presse) that "the rise of the dollar in recent days prices due to low supply and a significant rise in demand in the size of the market," noting that "the central bank is making a special effort to control the economy and maintain 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 prices oil in 2017 ".
Financial advisor to the Prime Minister and revealed "the existence of an ambiguity in the process of selling currencies, where all the money goes for commercial purpose, which found an auction sell the 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, economist said Bassem Jamil Antoine in an interview (long-Presse) that "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 three thousand dollars each passengers provided having 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 the rise in the exchange rate. "
Anton added 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 major role higher dollar prices."
In turn, said a member of the Finance Committee in the House of Representatives Magda Tamimi in an interview (long-Presse) that "imports of 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 of corrupt ".
She said Tamimi, "The Finance Committee plans to climb the central bank governor on the Keywords with other parties to discuss this issue, after the resumption of Parliament for meetings on 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 is 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 Central Bank of Iraq is counting on 29 August 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 the purchase of hard currency.
The national coalition led by Iyad Allawi, counting on 22 August 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 the policy of currency auction despite the warnings and recommendations of experts, called for the inclusion of the Central Bank reforms approved by the House of Representatives.
The CBI attacked on 28 May 2016, banking companies and financial conversion, and accused her 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 way the central bank deal with them."
The Parliamentary Finance Committee on June 29, 2016 revealed, for operations "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 economic expert that those loans will reduce the dollar exchange rate because it will stimulate employment and production sectors.