Mayahi demanding sacking of some influential people in the Central Bank who are manipulating the dinar exchange rate
2012-07-11 15:53:36








BAGHDAD (Iba) ... Student member of the Committee of Economy and Investment parliamentary Aziz Sharif Mayahi Central Bank of Iraq to take real action to reduce the height is not reasonable at the exchange rate of the dinar against the dollar, also called for the replacement and dismissal of some influential people in the Central Bank who are manipulating the exchange rate.


He said Mayahi in a statement received by the independent press (Iba) today announced that the Central Bank of Iraq is not serious about the procedures carried out by the curb height is unreasonable rate Dinarmkabl dollar, which we consider routine procedures is feasible and can be accessed through the real solutions.


Mayahi said that the CBI demands of today to take practical measures and quick through the accounting and follow-up banks that have been delegated drainage more accurately and the replacement and removal of some influential people in the Central Bank who are manipulating the exchange rate.


He continued a member of the parliamentary committee that the economy became brokers were manipulating the market price of the dollar in the market without any accountability, calling for the central bank to refrain from statements sterile and move more realistic through the concrete and deliberate action on the ground.


Witnessing Iraqi dinar exchange rate volatility significantly against the dollar, where as the price of 1300 dinars per dollar, while the price under the auction CBI daily 1166 dinars to the dollar, an increase of 134 dinars per dollar, which is equivalent to an increase of about 11% for its official.

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He attributed the Iraqi Central Bank Governor Sinan Shabibi after meeting with House Speaker Osama Najafi reasons for the high exchange rate of the dollar against Iraqi dinar to the weakness of domestic production and low exports from Iraq except oil and the weakness of the government's measures to attract capital to Iraq, as well as the political situation tense internally, regionally and economic blockade experienced by some neighboring countries, referring to Syria and Iran, has been set up government committees to determine the reasons behind the decline of the Iraqi dinar against the dollar. (end)

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