Financial expert: Proposed distribution of salaries of employees in hard currency would hurt the country’s economy
Financial expert: Proposed distribution of salaries of employees in hard currency would hurt the country’s economy
11-05-2013 12:40 PM
Baghdad (news) .. Warned an expert in financial matters on behalf of Hadi al-Tamimi, the application of the proposal of the Finance Committee representative to distribute the salaries of employees in hard currency rather than the Iraqi dinar, because it would harm the national economy does not help to raise the exchange rate of the Iraqi dinar against the dollar. said Tamimi (of the Agency news): The proposal made by the one of the members of the Finance Committee to distribute salaries of state employees in dollars, would hurt the country in terms of its impact on the size of the Central Reserve of hard currency, and the failure of the owners of money and traders from getting on the dollar for the purpose of import. added: The number of employees is too large will make a significant inflation in the market and an imbalance in the balance supply and demand for the currency, and this will affect the value of the national currency as well, stressing the importance of the continuation of the central bank Bmzadeh public for the sale of hard currency with the control of other processes that take place from some outlets, especially in banks. This has provided one of the members of the Finance Committee proposal to his committee parliamentary spend In agreement with the Central Bank and Ministry of Finance on the distribution of salaries of all state employees in hard currency (dollar) for one month to finish the ‘exploitation’ of private banks and banking companies to citizens. The dollar rose against the Iraqi dinar and margin for the official exchange rate announced by the Central Bank of Iraq up to 10 thousand dinars Per $ 100 against the Iraqi dinar. / End / 8. n. r /
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