Sudden rise at the exchange rate of the dollar against the Iraqi dinar
stressed deputies of the Committee on Parliamentary Integrity high Saraf dollar against the Iraqi dinar after the issuance of arrest warrants for Iraqi Central Bank Governor Sinan al-Shabibi and some of his aides, said the Iraqi List MP Ibrahim al-Mutlaq said the high price of the U.S. dollar against the Iraqi dinar caused demand severe pressure on the dollar by the neighboring countries, particularly Syria and Iran as a result of economic conditions and the international embargo imposed on them.
said: that there are many factors made the dollar exchange rate is increasing in front of the dinar, including government spending increased and generated increasing public budget annually, offering Iran and Syria to economic sanctions international imbedded in dire need of dollars and instability latter after issuing an arrest warrant against Central Bank Governor Sinan al-Shabibi. said committee member deputy «coalition of state law» Haitham al-Jubouri, that «the Iraqi parliament is who oversees the Central Bank in accordance with Article 133 of the Constitution».
He pointed out that «the parliamentary investigative committee, which was formed representing the political blocs, and confirmed the existence of suspicions of corruption in the work of the bank. He pointed out that the Office of Financial Supervision and the Integrity Commission, «endorsed the report of the Committee, and the Judicial Council issued on the impact an arrest warrant for officials in the bank.
He added that «delayed Shabibi to return to Iraq raises many questions». stressed member of the Finance Committee, the Federal Council of Ministers «voted unanimously to dismiss Bank Governor Sinan al-Shabibi and commissioning Abdul Basit Turki proxy», said: «It is incredible that all institutions supporting the existence of suspicions of corruption in the Central Bank is politicized ».
declared the Iraqi Central Bank, to continue in the auction sale of foreign currency to customers of banks and financial companies, and issued a statement saying: in the light of the continuing Iraqi Central Bank in usual practice true of the Iraqi economy and the optimal use of available financial resources of the bank, to ensure the stability of the exchange rate of the Iraqi dinar against the dollar, sales reached yesterday 288.48 million versus $ 347.534.
While sales on Thursday $ 270 million and the price was trading for purchase in the market 1199 dinars to the dollar and the selling price is less than 1200 dinars to the dollar ».
stressed Zia Ajili company owner Luminance Banking, that the Iraqi market «very sensitive, especially in the presence of actors trying to take advantage of any variable to make a profit by starting operations speculation priced currency ».
revealed economist Haider Hussain Daoud, a «agendas and plans must be implemented with the countries of the region, as well as the movement of funds, and in the case of obstacles in front of these trends must be removed», explains the confusion present.