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BatmaninIraq
01-02-2016, 08:56 PM
12/22/2015 11:14 - from Dec. 22

Economist: to hold the government to raise the sale price of the dollar to the Central Bank exaggerated


BAGHDAD / National Iraqi News Agency / nina / confirmed specialist in economic affairs Maytham and coffee, that there is exaggeration and misunderstanding in the procedure carried out by the government with respect to raising the sale price of the dollar to the Central Bank.


He told the National Iraqi News Agency / NINA / he "and because of the budget deficit, the government will sell dollars that come about from the oil to the Central Bank for 1180 dinars, instead of 1166 dinars per dollar, which will add 14 dinars to the budget for each one dollar ".



He added, that "According to the central bank's comments, it will not unlike this increase is an increase in the sale price of the dollar in the currency auction, which means that the bank will bear the difference between the two prices by reducing his commission, or the margins of what was achieved of the profit."



Some of the media pointed out that the central bank reduced the value of the dinar against the dollar, but the Iraqi Central Bank denied the rumors about such a move.



The bank said in a press statement today that "the news that talk about the bank to reduce the value of the dinar against the dollar baseless," adding that "the sale price of the dollar has not changed,"