Abadi adviser calls for lowering and raising the dinar dollar sales for the launch of liquidity
Abadi adviser calls for lowering and raising the dinar dollar sales for the launch of liquidity
6/8/2015 10:39
Long-Presse / Baghdad
He attributed the economic advisor to the Prime Minister Haider al-Abadi, Monday, reasons for the high dollar in the local market to the deterioration of oil prices and reduce the central bank sales of foreign exchange rates, as called for reducing the value of the dinar and raise the dollar value of sales for the launch of cash and “restrain” demand and ensure the stability of exchange rates.
He said the appearance of Mohammed Saleh said in an interview to the (long-Presse), “The instability of the US dollar exchange rates in the Iraqi market and to rise in recent months, due to the deterioration of oil prices,” noting that it “led to the deterioration of the Iraqi payments rates because its export base is oil.” .
Saleh added that “the Iraqi Central Bank action to reduce the direct sales of the dollar, instead of reducing the value of the dinar”, so they returned to “create a market to sell the currency again.”
Economic Adviser to the Prime Minister and expressed his support “to lower the value of the Iraqi dinar in line with the market, as well as raise the sales value of the dollar,” adding that it “will launch a cash liquidity and restrain demand and contributes to the stability of the dollar exchange rate.”
The specialize in the banking sector attributed in (the ninth of April 2015) rising dollar against the dinar, to the Central Bank for deducting customs duties and taxes in advance procedures, and called for a “freeze” of the resolution, while the expected continued decline in the value of the Iraqi dinar, stressed the need to cancel Article 50 of the budget for determining the dollar sales.
Iraqi citizens also complained, in (27 March 2015), the high prices of materials and goods in the Iraqi market, while the government called for the support and follow-up and determine the prices of goods in the market, confirmed that the instability of the dollar was behind the confusion of the Iraqi market.
The dollar price to the price of sales to the domestic market from early 1120 to the current 2015, to about 1133 now.
almadapress.com
