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Conscious / Economist: open new outlets to pump dollar will put the central bank in front of a big challenge to the Iraqi constitution
13/04/2015
Said professor of economics at the University of Mustansiriya, banking expert Maytham Laibi that, the opening of new outlets to pump dollar will contribute to reducing the dollar's exchange rate against the dinar, but the central bank will put a big challenge in front of the Iraqi constitution.
He and coffee in a press statement today, said that "the opening of new outlets would get caught monopoly of the dollar selling from limited outlets and lowers its price, but will increase the amount of sales, a challenge faced by the central bank, and have it in front of two options, the first override the Constitution which set (75) million dollars per day, Awashb of foreign reserves from the state treasury and both will sign the central bank. "
The central bank had decided last Thursday to double the share of banking companies of the dollar, and to allow banks Rafidain and Rasheed and Iraqi trade open windows to sell the dollar companies and small importers as a measure to reduce the dollar prices in the Iraqi market.
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13/04/2015
Said professor of economics at the University of Mustansiriya, banking expert Maytham Laibi that, the opening of new outlets to pump dollar will contribute to reducing the dollar's exchange rate against the dinar, but the central bank will put a big challenge in front of the Iraqi constitution.
He and coffee in a press statement today, said that "the opening of new outlets would get caught monopoly of the dollar selling from limited outlets and lowers its price, but will increase the amount of sales, a challenge faced by the central bank, and have it in front of two options, the first override the Constitution which set (75) million dollars per day, Awashb of foreign reserves from the state treasury and both will sign the central bank. "
The central bank had decided last Thursday to double the share of banking companies of the dollar, and to allow banks Rafidain and Rasheed and Iraqi trade open windows to sell the dollar companies and small importers as a measure to reduce the dollar prices in the Iraqi market.
[You must be registered and logged in to see this link.]
