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BatmaninIraq
03-29-2016, 06:06 AM
The central bank is accused speculators to lift the parliamentary Atar..alaguetsadah price warns of reduced foreign currency sales


March 28, 2016
The Central Bank, on Sunday, said the high and low price of the dollar depends on the ratio of demand and supply in the market, noting that the economic reality is heavily influenced what is happening in the Iraqi street. Media Bank official Acer (http://viglink.pgpartner.com/search.php?form_keyword=acer&mode=&r=999999) Jabbar said a "high dollar prices caused by market speculators," noting that "the Iraqi Central Bank is committed to the laws and mechanisms and conditions that followed Iraq with all the banks to sell the dollar." He added that "the central bank would continue to monitor banks and market records strict sanctions on banking and financial remittance companies," stressing that "the process of rising and falling dollar prices based on supply and demand existing in the market process as most of the market needs today is towards imports and the recent increase lead to increased demand on the dollar. " He pointed out that "the economic situation in the country is affected by what is happening in the Iraqi street, and what affects the political and security process." The Iraqi market has seen a rise in the dollar's exchange rate against one dinar during the last two days where he arrived in 1275 arrived in Iraqi dinars. To that warned a member of the Committee on Economy and Investment parliamentary Najiba Najib, the central bank reduced sales of the dollar, without the government's orientation to support the gross domestic product and reduce import. She said Najib in a statement that the central bank's decision to reduce sales of the dollar came "in response to the current situation and the lack of revenue from oil and of hard currency from the dollar, objective of the Central Bank of the stability of the Iraqi dinar with the dollar, as the hard currency in Iraq is the dollar." She added, "If the decision to reduce the sale of the dollar, without taking measures to encourage the industrial and agricultural sector (http://www.ashford.com/us/watches/sector/cat6057.cid?pn=brand) as well as other sectors will have a significant impact on increasing the price of the dollar against the dinar, which means that the ordinary citizen will bear the brunt." She explained that "the decision to reduce the sale of the dollar will be negative as the price of the dollar will rise.
But if the actions taken by the government are correct and moving toward supporting the gross domestic product, the demand for imports from abroad would be a little, so the lack of demand for the dollar will be parallel with the central bank's decision. " Najib stressed that "the objective of the central bank policy is to ensure the survival of the dollar, according to the possibilities, Fbbed often can not keep the rate of the dinar against the dollar as much as possible, so this stability is the main objective." She pointed out that "this decision was made in consultation and coordination with theInternational Monetary Fund (http://www.ecampus.com/bk_detail.asp?isbn=9780415374637&referrer=CJ) and the Finance Ministry (http://rover.ebay.com/rover/1/711-53200-19255-0/1?toolid=10029&campid=CAMPAIGNID&customid=CUSTOMID&catId=267&type=2&ext=191820969180&item=191820969180), after consultations with the Government of the Council of Ministers Supreme Economic Commission and the Finance Ministry, because there is a trend and the actions taken to reduce imports from abroad, relying on the gross domestic product through small and medium enterprises and large, as well as supporting the industrial and agriculturalsector (http://www.ashford.com/us/watches/sector/cat6057.cid?pn=brand). "