“Central” or “traders Iraq” Who is responsible for the high dollar?
“Central” or “traders Iraq” Who is responsible for the high dollar?
Posted 03/07/2015 01:46 AM
Counting Analysts at Iraq’s commercial market to reduce the Iraqi Central Bank sales of dollar a day, a major cause of the increasing demand on the part of the citizens, which led to a rise in daily steadily to its exchange rate against the dinar, which impacted negatively on the prices of goods and commodities. They pointed out that low-income people were victims of the deterioration of the value of the dinar, as facing more difficulties in securing their needs during the holy month of Ramadan. He held shopkeeper who specializes import food in the Karrada district of central Baghdad, the latest measures taken by the Central Bank, the responsibility of the high dollar exchange rate, calling Baltasvih, especially the owners shops, banking expressed their dissatisfaction with the decision of the “central” to reduce the exchange companies and banks, the dollar quota, while deliberately to impose fees such as taxes and customs on imported goods, as collateral to get a dollar without taking into account the increasing demand for it. He added that “Iraq has become after 2003 of more countries importing goods, and in spite of that, the central bank has taken decisions hamper for traders on the dollar, which forces them to look it up in the parallel market the so-called black market name, what also led to a rise in the rate of exchange in the form of an unnatural to 1460 dinars to the dollar, after he was no more than in the parallel market until the beginning of the year 1200 dinars. ” He predicted that the rise increase to more than 1,500 dinars in the absence of making government decisions to prevent it. He held the “central” market speculators responsible for rising dollar exchange rate against the dinar, denying that the reason behind the lack of quotas exchange companies and financial transformation and banks of hard currency. The transfer all asked not to be named official, as saying that “the Bank has increased the outlets to sell the dollar and reduced the standard routine to buy it from banking companies and financial side conversion, banks, foreign currency auction.” He added: “The central form an operations room to take deterrent measures against exchange contrary to his instructions, and to fend off speculators and prevent them from manipulating the price of the dinar exchange.” Furthermore, drew member of the Committee of Economy and Investment parliamentary Nora Albjara, that “the rise in the dollar exchange rate crisis will be resolved only after the amendment Central Law No. 94 of 2004, in harmony with the current stage. ” and she said, “the new draft law for central present in the Council of State in preparation for the studied before government approval and forwarded to parliament, arguing that” the problems began to accumulate as a result of a law conflicts with a lot of appearances economic and financial introduced in Iraq. ”
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