Instability dollar and plans to the Central accountable for currency auction

Parliamentary Finance show Qkulha instability dollar and plans to the Central accountable for currency auction

27.03.2016 14:17

Instability dollar and plans to the Central accountable for currency auction{Baghdad: Euphrates News} was a member of the parliamentary finance committee Masood Haider, expressed concern to the committee about the instability of the dollar against the Iraqi dinar.
Said Haider, told {Euphrates News} ” The Finance Committee talked about the high price of the dollar, which is worried about the instability of the exchange rate , ” adding that “We decided two weeks ago to host the committee supervising the auction currency at the central bank, and if given the Central Bank of conditions we will host them and ask for many things , including respect of auction currency. ”
he added that” the goal of the Finance Committee exchange rate stability in Iraq, and try to reduce the negative impact on the Iraqi market , “pointing out that” the central bank stressed that he will try to reduce sales, and perhaps there is a negative impact of this thing there some traders traffickers in hard currency are taking advantage of these statements to take advantage in the short term. ”
However , Haider , ” but the citizen will see in the long term that the exchange rate in Iraq will stabilize at a certain point , “explaining , ” We believe in the Finance Committee , there are mechanisms at the central bank take to prevent the closure of the door traffickers in hard currency to control the exchange rate. ”
He added that the Finance Committee,” will inform the Central Bank of these procedures, and urging them to be followed , “asserting” take those actions will be the initiative , however , the Central Bank and not in the hands of traffickers. ”
the past days , a rise in the dollar against the dinar Iraqi, reaching 127,000 dinars currency category $ 100, having been up to 125,000 dinars.
the Governor of the Central Bank and the agency on the Keywords, announced last Wednesday, the bank ‘s intention to reduce sales of the dollar by 50% for the year 2016 this, stressing the need to take into account supply and demand .
Keywords and said in a televised interview, said that “rationing exists with the bank to sell the dollar during the auction conducted by where we started to cut these sales in 2015, which amounted to 25% compared to the previous year , ” pointing out that “the year 2016 perhaps we will reach this sales decrease by 40 to 50% from the previous year. ” It is
noteworthy that, a member of the Committee on economy and investment parliamentary Najiba Najib, warned the central bank to reduce sales of the dollar, without the government ‘s orientation to support the gross domestic product and reduce import.
, said Najib, for {Euphrates News } “if the decision to reduce the sale of the dollar, without taking measures to encourage the industrial and agricultural sector as well as other sectors will have a significant impact on increasing the prices of the dollar against the dinar, which means that the ordinary citizen will bear the brunt.”
She explained that ” the decision to reduce the sale of the dollar, It will be negative as the price of the dollar will rise, but whether the actions taken by the government are correct and moving toward supporting the gross domestic product, the demand for imports from abroad would be a little, so the lack of demand for the dollar will be parallel with the central bank ‘s decision “.anthy