some “influential” in the Central Bank who are manipulating the exchange rate of the dinar against the dollar
Mayahi demanding sacking of some “influential” in the Central Bank who are manipulating the exchange rate of the dinar against the dollar
Wednesday, July 11, 2012 12:55
[Baghdad – where]
Student member of the Committee of Economy and Investment parliamentary Aziz Sharif Mayahi Central Bank of Iraq to take real action to reduce the height is not reasonable at the exchange rate of the dinar against the dollar, also called the “replacement and removal of some influential people in the Central Bank who are manipulating the exchange rate.”
He said in a press statement received by all of Iraq [where] a copy of it today, “The Central Bank of Iraq is not serious about the procedures carried out by the curb height is unreasonable rate Dinarmkabl dollar, which we consider routine procedures is feasible and can be accessed through the real solutions.”
Mayahi said that “the Central Bank of Iraq demands of today to take practical measures and quick through the accounting and follow-up banks that have been delegated drainage more accurately and the replacement and removal of some influential people in the Central Bank who are manipulating the exchange rate.”
He continued, “The brokers were manipulating the market price of the dollar have become in the market without any accountability,” calling on the central bank to “refrain from statements sterile and move more realistic through the concrete and deliberate action on the ground.”
Witnessing Iraqi dinar exchange rate volatility significantly against the dollar, where as the price of 1300 dinars per dollar, while the price under the auction CBI daily 1166 dinars to the dollar, an increase of 134 dinars per dollar, which is equivalent to an increase of about 11% for its official.
He attributed the Iraqi Central Bank Governor Sinan Shabibi after meeting with House Speaker Osama al reasons for the high exchange rate of the dollar against Iraqi dinar to the weakness of domestic production and the lack of Iraqi exports [except oil] and the weakness of the government’s measures to attract capital to Iraq, as well as the political situation tense internally and regionally The economic blockade suffered by some neighboring countries, referring to Syria and Iran, has been set up government committees to identify the reasons behind the decline of the Iraqi dinar against the dollar. ended.