Keywords: cash sales dollar continuously .. no ceilings on the withdrawal of funds
Keywords: cash sales dollar continuously .. no ceilings on the withdrawal of funds
03/03/2015 (22:09)
BAGHDAD / Amer Mohi
Denied the central bank, on Tuesday, he stopped selling the dollar, pointing out that the bank gave the green light to implement the project to delete the zeros from the currency, while stressing taken new measures to trading in dollars, expect a decision parliamentary finance committee return dinar to his strength, returned central decisions to ” good “because it is a challenge of smuggling currency out of the country.
The decision of the parliamentary finance committee Ahmed Hama Rashid in the “long”, that “the central bank’s plan to abolish the daily auction of the coin and determine the amount of $ 75 million a day, is a good step to prevent foreign currency smuggling out of the country,” noting that “the decision returned good easily neutralized through this period. ”
He added Rasheed saying that “hard currency prices stabilized after a few days of taking the central bank’s decision to cancel the daily auction, and that this contributed to the strengthening of the Iraqi dinar,” expected “The coming days will witness the return of the dinar to strength again.”
He stressed that ” meeting took place between the parliamentary Finance Committee and the Central Bank and has been discussed many issues, including the issue of the daily auction of the coin and the strengthening of the Iraqi currency, “pointing to” the formation of a small committee temporarily inside the Finance Committee to discuss the latest developments with the Central Bank by hosting maintain the relationship. ”
The governor Bank on the Keywords during a press conference, held in the bank building area Jadiriya in Baghdad, said that “the central bank went to the new mechanisms on the sale of currency window after studying extensively formerly followed which affected one way or another on the market because it was carries a lot of problems, including money laundering, “pointing out that” the mechanism used currently maintain a market economy, as well as support for the dollar exchange rate against the dinar by linking foreign remittances through the financial deposit paid by the dealer before buying the goods are placed in banks abroad, and thus join lack inconsistencies in dollars, and the entry of the goods entirely according to invoices submitted. ”
He added, Keywords that “cash sales of the dollar by currency selling continuous window and there is a disruption, but it will be in a new way and there are no limits to the amounts for those wishing to obtain the dollar.”
On the other hand Keywords pointed out that “heading the bank is real and effective private banks support in Iraq by persuading the government to develop a financial deposit in those banks as well as dealing with the outgoing ones in the state departments of all instruments”, noting that “the bank is considering now saved Law deposits and is now under preparation and if completed it during the next few days will pay to the House of Representatives for approval. ”
He revealed Keywords that “the process of deleting the zeros constant currency has not canceled but is now in preparation and study the subject and at the very least the next three years will be worked out dramatically Because the task of administrative and financial operations can not rush it. ”
For his part, an expert on economic affairs Majid picture, said in an interview for the “long”, that “the abolition of currency auction came to the goal of the organization of the currency sale in the market, especially after the great smuggling currency out of the country after auction open on a daily basis, “noting that” the basic problem is the development of a paragraph in the federal budget to determine the dollar selling in the daily auction of the Central Bank, “stressing that” the CBI plans are good for the organization of foreign currency sale to the market. ”
He added that the picture of “the existence of hard currency by greater than 150% of the local currency exporting is good and indicates that Iraq will not suffer from a lack of hard currency, “noting that” the presence of large amounts of dollar strengthens the dinar against the dollar and the currency regulates the sale process. ” The Central Bank of Iraq, denied, on Tuesday, closing the sale currency window, and stressed “take new mechanisms to sell the dollar.”
parliamentary Finance Committee held (March 2, 2015) meeting with the Governor of the Central Bank and the Agency on the Keywords and director of TBI Hamdiya dry to discuss the financial situation The issue of transfer of funds from the commercial bank to Kurdistan without collateral.
and confirmed the parliamentary finance committee member Majda al-Tamimi (February 2, 2015) that the rise in the dollar exchange rate “will not last long”, and demanded that the central bank using monetary tools to control the market.
It added that “the Commission predicted high dollar exchange rate of the dinar, when identified ceiling 75 million dollars for the auction of the Central Bank, the General Budget Law, while emphasized that the continuation of the long rally, called on the central bank using monetary tools to control the market.
The MP Magda al-Tamimi said that “the parliamentary Finance Committee is expected to occur a rise in the dollar’s exchange rate against the dinar, when identified ceiling 75 million dollars for the auction of the Central Bank, the General Budget Law, “noting that” such a paragraph came because the CBI sales were between $ 200 to $ 250 million a day, which led to the depletion of currency difficult in the country and low reserves of 77 to 67 billion dollars or less.
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