Finance Committee: “trade” with the UAE contributes to the withdrawal of foreign currency

Saturday, April 28, 2012 12:50

BAGHDAD / Baghdadiya News / .. Finance Committee revealed that the trade with the United Arab Emirates shares withdrawing the dollar, in addition to the growing demand by Syria and Iran. Said committee member Magda Tamimi / of Baghdadi News /: There are neighboring countries pull the dollar out of Iraq caused an increase in demand and high price, noting that there are funds out of Iraq to the United Arab Emirates to address the economic crisis experienced by the pretext of trade, as well as economic difficulties going through Iran and Syria.

It showed al-Tamimi: There are several options on the table in front of the Central Bank in how to deal with the dollar auction to reduce the height, and the allocation of state bank for the sale of one currency and one of the options, but many of these options led to the contradiction in the official statements on the subject.

She said: We, as a Finance Committee, we must know the implications of all plans and alternatives, it is not easy to choose the alternative before the study all the possibilities.

After all, the auction continues his work and to find a suitable replacement.

And the central bank in February for the past taken new measures to track the customers buy the dollar, and that he would cut sales of 200 million to $ 30 million.

The deputy governor of the Central Bank of the appearance of Mohammed / the Baghdadi News / dollar exchange rate that day was the result of central bank’s decision Ptkhvd sales in daily currency auction of $ 200 million to $ 30 million.

He explained the benefit: a reduction of sales that were part of the action taken to follow the customers buy the currency by demanding the disclosure of their hobbies.

And the benefit of those who want to buy dollar deal from the central bank should disclose their identities because these sales are not retail but wholesale and numbers are enormous.

He said the move was not to assess the economic activity it was introduced a measure to regulate the sale of the currency, adding that Central did not respond to any pressure at the expense of national security.

He said the bank continues to sell at the same price to be adopted by one day and is ready to cover all the needs of economic activity / Finished / 44 /