Common distribution of salaries in hard currency topple dollar
Common distribution of salaries in hard currency topple dollar
Created on Wednesday, 22 May 2013 09:41 | |
Baghdad / Ahmed Yassin
After weeks of high exchange rate of the dollar and bringing to 130 thousand Iraqi dinars, he returned to fall yesterday (Tuesday) to about 125 thousand dinars, which attributed by economists to talk about the pay of employees and retirees in U.S. dollars and the implementation of measures rapid reduction in local markets.
A number of owners of banking offices in the capital Baghdad, said the exchange rate of the U.S. dollar arrived yesterday to 125 900 Iraqi dinars and in some areas to 125.500 dinars in the new phenomenon of the exchange rate depreciation in the financial markets and banking offices after they maintained a fixed price rises gradually until it reached 130 thousand dinars for one hundred dollars.
They said the U.S. dollar exchange rate arrived two days ago to 124 thousand dinars, which led to significant losses for many of the owners of the banks who have a monopoly amounts of hard currency to try sold Mhakaan the quick profit due to the gradual rise in the dollar exchange rate for the past weeks. For his part, attributed the economic expert Maythem Rahim low dollar exchange rate difference of 5,000 dinars to the central bank to take quick measures to prevent work toward activating the distribution of salaries of employees and retirees in U.S. dollars. Rahim said the real culprit higher U.S. dollar exchange rate for the past weeks and months is the owners of the private banks, civil and accomplices from influential bodies in the central bank and financial speculation as well as the amounts of dollar smuggling to neighboring countries like Iran, Syria and Jordan through the ports in the Kurdistan region.
uragency.net
