Specialists: central policy devote eternal reliability on oil to support the budget and the dollar
Specialists: central policy devote eternal reliability on oil to support the budget and the dollar
29/12/2016
BAGHDAD / JD / .. see a number of specialists in the financial and economic affairs that the government and the central bank does not intend to retreat from their policies as the previous two dedicated eternal reliability on oil as budget support and the dollar.
The central bank announced in an official statement, that he does not intend to change the exchange rate of the Iraqi dinar against the US dollar, also denies the imposition of fees or taxes on the sale price of the dollar, and high oil prices will enable the bank to pump larger amounts of dollars into the market.
He says economist Maytham and coffee, that the announcement of the central bank may mean that he does not intend to change the exchange rate, of course, meant that he did not intend to raise the value of the dollar, and not vice versa .. which is reassuringly to the market because there is a great demand for the dollar, and because the bank reduced its sales for the past month, which led to a gap between supply and demand led to the separation of the official price from the market price by 10% and more.
He Laibi Agency / KD / “As no intention to add fees or taxes, which is reminiscent of crisis in 2015, while the imposition of parliament Add tax and customs income amounting to 8% traders and held accountable through the dollar purchased from the bank, which is the experience achieved miserably, were undone quickly jumped after the dollar rates, and perhaps there are those who recommended a rerun. ”
“The worst, in my opinion, as it is linked to higher expected oil prices to pump larger dollar amounts, as this represents an admission from the central bank not being able to control the price of the dollar, but to sell more dollars only, also shows that no future policy of the bank or the government to retreat from previous policies, and devote eternal reliability on oil, as budget support and the dollar. ”
For his part, he criticized the economic analyst Amer al-Kilani, government and the central bank’s policy of relying on oil to bring in hard currency for the country, adding that this may cause future economic problems in the country.
He told Al-Kilani / KD / the government should change its economic policy on how to bring in hard currency for the country through the activation of the productive sectors in which to fill the local need and a surplus for export abroad.
He continued, “As the central bank is part of the cash reserves of investment projects generate money to increase its size, criticizing the decline happening in the monetary reserves of hard currency.
The sources revealed earlier about the declining reserves of the Central Bank’s hard currency terms amounted to 34 billion Dolar.anthy / 8 /
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