Abdul-Mahdi criticizes the consequences of the failure of monetary policy and economic policy indictment
Abdul-Mahdi criticizes download the consequences of the failure of monetary policy and economic policy indictment and arrest people without evidence or evidence
Monday, May 20 / May 2013 18:58 | | |
{Baghdad: Euphrates News}
Criticized the leader of the Supreme Islamic Iraqi Council, Adel Abdul Mahdi “Download successful monetary policy is generally the consequences of failed economic policy in general and the indictment and arrest people first before providing guidelines and evidence.”
He stressed in an article published today and seen Agency {Euphrates News} them, “What has not changed concepts and procedures with the change of regimes they Sttsadm, as is happening now because when he give up on the official exchange rate for the benefit of supply and demand and restrict the conversion only exceptions, to be launched after the provision of related items and when we seek to move to the National economy and a market economy, when you get these shifts, and deprived of strong dinar satiate the need of the dollar, that will weaken the economy. ”
The Committee on Economy and Investment has confirmed that parliamentary disputes and political crises that hit the country and the lack of clarity of central bank policy led to the fluctuation of the exchange rate of the Iraqi dinar against the dollar.
He described member of the Committee MP Amer winner of the continuing decline in the price of the Iraqi dinar against the dollar “question is natural.”
The winner said that “low rate of the dinar against the dollar abnormal issue might lie behind certain purposes.”
While stressing Qusay al-Suhail, First Deputy Chairman of the House of Representatives who had chaired a meeting of the Finance Committee at its headquarters in the presence of the central bank governor Abdul Basit Turki and Chairman of the Committee and its members, “the need to determine the procedures and things to ensure taken by the management of the central bank to address the fluctuating exchange rate of the dinar against the dollar.”
He stressed “the importance of knowing the real reasons that led to this volatility, which will negatively affect the lives of the Iraqi individual.”
He said Abdul-Mahdi, in his article “The overcrowding and the demand for green leaf growing gap between supply and demand can accommodate – for months – an average of {60-70} million dollars a day Vetoldt black market and two prices for the exchange difference {8-10 percent} and this is worrying us back to the policies of inflation and prices multiple exchange. ”
He pointed out that “unlike dinars {ranked match Xerox} turned to paper is not equal to its value and tax unforeseen paid by the citizens as a result Released inflationary, the new dinar transformation of the coin” difficult value increased {20} and more against the dollar since {2004-2012} As long as the dollar buys JD strong and hard, this would dispel as suspicions waste policy and smuggling, without eliminating the role of oversight and follow-up to prevent manipulation of the manipulators. ”
The Council of Ministers decided on 16 of October mandated Abdul Basit Turki for the management of the central bank rather than Shabibi that the Integrity Commission issued an order to arrest him, in addition to 16 other officials, including Deputy Governor appearance of Mohammed Saleh.
The report of the parliamentary committee formed by the House of Representatives headed by Qusay al-Suhail, first deputy speaker of parliament, led to the issuance of arrest warrants against a number of officials, including the Central Bank Governor Sinan Shabibi against the backdrop of corruption charges.
He said Abdul-Mahdi said, “Our problem is that we have a strong dinars source of oil imports belongs to a weak economy omnidirectional item depends on the outside not only import and tourism, but also for learning and medical care, immigration and residence, investment and speculative savings and others.”
And that “rather than improve the performance of the economy to become strong, and strengthen our Terms of openness for the benefit of society and the national economy and become the dinar center regionally and internationally increases the strength and demand for it, ran forward and started to download the monetary policy successful overall consequences of economic policy failed in general, and we went to chase penny and the loss of the dinar, and the accusation and arrest people first to provide evidence and clues later. ”
According to Abdul-Mahdi said, “What has not changed concepts and procedures with the change of regimes they Sttsadm, as is happening now, when abandon the official exchange rate for the benefit of supply and demand and restrict the conversion only exceptions, to be launched after the provision of related items and when we seek to move the economy Ahli and the market economy, when you get this transitions, and deprives the strong dinar satisfy the need of the dollar, that will weaken the economy, and pay the capital to escape and prevent others from coming and will reduce the confidence of the world and weaken dinar. ”
He stressed that “these things are Atass stable locally and markets external and increase the factors of dependency abroad and encourages inflation, corruption, fraud and Hoahdna many كالشركات institution rapidly in different capitals, and are willing to provide interested bills bearing ratification embassies and companies, to facilitate the conversion for the purpose of import, such as access to dollars through the collection of passports, to take advantage of the price difference, and not for the fact that all travel so بكلف extra pay for it the economy and the citizen. ”
Abdul-Mahdi stressed that “economy كالطبيعة can invest laws and Drye some risks but do not can play Bhetwaznadtha and beyond its borders .. and only backfire we thermal Kanhbas and tsunami, desertification and fluctuations do not understand.” Ended
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