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BatmaninIraq
03-17-2015, 10:45 PM
Consultant Abadi: high price of the dollar behind beneficiaries took advantage of Article 50 of the Budget

17/03/2015
BAGHDAD / JD / .. attributed the Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh rise that occurred on the dollar against the Iraqi dinar to the names "with users" took advantage of Article 50 of the General Budget Law.

Said Saleh told / BD /: "The central bank sales of dollars up to $ 75 million instead of $ 300 million a day in accordance with Article 50 of the Budget Law, and this amendment exploited by speculators and beneficiaries provoked panic and fear about the decline of bank sales and the weakness of its reserve of foreign currency as well as flooding market import goods is necessary, which increased demand for the dollar and thus the high price to sell, "noting:" The 75 million dollars is sufficient to meet the market need. "

He stressed that "the central bank has sufficient reserve and comfort of hard currency dependent on oil revenues," noting that the coming days will witness a breakthrough to the crisis with a budget to follow the policy of the liquidity in the market and the size of the reserve and flow "