View Full Version : Central sales of the dollar raises to 25% and confirms: the exchange rate rose becaus

06-04-2015, 10:36 PM
Central sales of the dollar raises to 25% and confirms: the exchange rate rose because of monopolists

BAGHDAD / Amer Mohi

The Central Bank, on Wednesday, the dollar exchange rate will remain high, if not all government parties agree with the bank on violators accountable, and as pointed out attempt Bank re-market to normal, economists favored the continuation of the dollar exchange rate closed higher with lower oil prices.

A member of the Board of the Central Bank, Majid picture, in an interview for the "long" that "the central bank tried more than one way to reduce the dollar exchange rate after Azdiadh for a long time, but this does not work there are so many Marqlat as the existence of monopolists in the cash markets."

He said the picture "The central bank gave an increase of 25% of the share of sales that was giving it to banks in accordance with the law with the increasing demand for the dollar, and in spite of increased pumping the dollar in the Iraqi market, but that exchange rates increased the most in a sudden incident" attributing this to "the existence of beneficiaries are behind the increase. "

He stressed that "the dollar exchange rate will not go down at all what the central bank and the government and the Finance Ministry did not collect a single policy and the development of plans and to punish the offenders," noting that "the bank is trying to re-market to normal in the coming days."

In addition, The economist said, Maitham coffee, in an interview for the "long" "There is a general trend and long-term expectations, suggesting the dollar prices will remain at high limits, a pessimistic outlook on mostly."

He added that "these expectations caused by the passage of the oil phase of a global game of lower prices, and the subsequent austerity budget in addition to the political and security situation is stable, "stressing that" the dollar will live fluctuations stage in the next phase. "

He continued by saying that "the case of the stability of the dollar or not will be determined according to the procedures carried out by the Central Bank through its tools which affect the public, where there is the rise of short-term decline in the movement, as well as having an upward direction pessimistic long-term. "

I consider economic adviser to the prime minister appearance of Mohammed Saleh, in (June 1, 2015), the high dollar in the market price "order mastermind "of views is seeking to projects profitability, and called for a" practical measures "to avoid this.
Economic Adviser to the Prime Minister, that sees rising dollar price in the market "is the mastermind," led by actors not disclosed, pointing out that the central bank "was forced to increase the proportion of sales of hard currency in the market since last week to counter this rise. "

He added that the "hundred dollar exchange rate stood at 130 thousand dinars in the past few days", but "we were surprised by his rise after oversupply in the central bank."

He noted that "there are points a monopoly on the market currently, and benefit from the rise of the dollar affiliated projects, "and urged to" put controls in order to maintain the exchange rate process, "pointing to" the lack of a relationship between the process of deleting the zeros and the rise of the dollar exchange rate, the fact that this process "implemented at price stability exchange ", ruling now be removed within a period close.

For his part, attributed the deputy in the National Alliance honest we hinted, in the (April 29, 2015), the high prices of the dollar against the Iraqi dinar, as well as gold to the instability of the region and control of the United States to the global economy (http://www.ebay.com/sch/i.html?_nkw=global+economy).
He said we hinted that "The dollar prices rise, as well as gold came against the backdrop of the United States and leading other countries in this aspect and instability in the region control," stressing that "the great powers have their own agendas to raise the value of its currency is not interested in the negative impact that gets the other countries."

He called on the government to "address the decline of the Iraqi dinar against the dollar, not just raising taxes, "adding that" the oil policy for some Gulf states affected heavily on the rising dollar exchange rates. "

The Central Bank of Iraq, on Tuesday (19 May 2015), the launch of a trillion dinars for private banks to finance loans projects of small and medium, and increase the share of dollar sales for banking companies and foreign transfers, and the development of measures to to address the lack of liquidity in some banks.

The specialize in the banking sector may attributed, in (April 9, 2015), the reason for the high dollar exchange in front of the dinar to the last Central Bank special procedures deduct customs duties and taxes in advance, and called for a "freeze" the resolution, as expected continued decline in the value of the Iraqi dinar, stressed the need for the abolition of Article 50 of the budget.

The Central Bank of Iraq had declared, in (17 March 2015), the adoption of a new mechanism to pay taxes and control of "money laundering" through prepayment of taxes and customs for goods entering Iraq, returned to that will double the country's imports.
The current year's budget law, it has committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in the daily auction ceiling does not exceed 75 million dinars, with the exercise of justice in the sale, and claim participant in the auction the bank to provide the introduction of cargo documents and statements of tax settling accounts and savings Alkmarki within 30 days from the date of purchase of the amount, and otherwise apply the penalties provided for in the Central Bank Act or regulations issued by and the use of other banking tools to maintain the strength of the dinar against the dollar.