Iraq: Economists claim to support the central import in euros to meet the depreciation of the dinar against the dollar

13/04/2012 17:45

Baghdad, April 13 / April (Rn) – The number of economic experts, the Iraqi government to support import in euros to face the crisis, the devaluation of the Iraqi dinar against U.S. Dollars.said economic expert is teaching at the University of The Hague, Netherlands Sajid full, told the Kurdish news agency (Rn) that “the Bank CBI is called upon to resolve the latest crisis to focus the import of the euro and work to address the serious to reduce the demand for the Iraqi dinar. ” He explained that “the Iraqi dinar deteriorated alarmingly over the past week which indicates the absence of a policy of balanced central bank from which to support the… value of cash of the Iraqi dinar. ” He pointed out that “the volume of trade exchange with Turkey’s annual $ 12 billion government has announced recently that it seeks to lift it to 13 billion dollars and is supposed to be dealt with Turkey in Euro exclusively to create a balance in foreign currency key.” For his part, said a member of center of the Iraqi market Ibrahim OS’s (Rn) that “the decline of the Iraqi dinar against the dollar is not a bubble as the Central Bank of Iraq, but the problem of not taking advice economic, the Bank deals with things the view of the one.” and added that “it was better for the Central Bank of Iraq working to create balance between buying the dollar and buy the euro and the establishment of a committee that is organizing to buy the dollar and not to rely on auctions random. ” He pointed out that “the Iraqi government in the event provided tips or advice given, this does not mean at all interfering with the Central Bank of Iraq.” , said an economist member of the Chamber of Commerce of Iraq Hamel Rumaithi (Rn) that “the trade exchanges between Iraq and Turkey Tsuiqiqh a Zlt the nature of the consumer of one party and can not be relied upon as a savior to get rid of the crisis, the appreciation of the dollar against the Iraqi dinar.” and added that “the central bank is responsible for the surge of the U.S. dollar against the dinar Iraq and the weakness of the business and investment during the next week. ” He pointed out that “the central bank to deal with any advice economic as indicated in his work and this is absolutely not true. All banks in the world take the economic views seriously and work.” The price of the dollar has experienced during the days recent notable gains which amounted to U.S. dollar exchange rates of 132 000 dinars per $ 100, while the central bank set the exchange rate of 117 thousand dinars for every $ 100, an increase of 15 thousand Iraqi dinars. In turn, the deputy governor of the Central Bank of the appearance of Mohammed Saleh (Rn) that “the policy of the Central Bank during the previous period successful in supporting the value of Iraqi dinar, but the problem is the continued smuggling of hard currency from Iraq to Iran and Syria, and not to deter this phenomenon by government agencies.” and added that “the draft activate the balance between the dollar and the euro Almzadt is not practical and are having difficulty in that most of the Iraqi traders dealing in dinars, not euros. ” and explained that “the views Mahholh you drag a dollar coin worth three times the needs of the actual market, something which is called the central bank to develop new regulations for the sale of the currency caused the high prices temporarily, but bubble in the way of the demise. ” The Finance Committee representative had warned earlier in the Secretariat of the Council of Ministers of trying to dominate the monetary policy of the Central Bank of Iraq and curbing the powers of the province, noting that this was a violation of the constitution with the consequences of dangerous for the Iraqi economy. The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector.