Najib: Article 50 of the Budget Law has failed
Author: Publisheron: June 24, 2015In: economyViews: 44 views
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - a member of the Investment Committee and the economy MP Najiba Najib announced that Article 50 of the Budget Law has failed and impacted negatively on the Iraqi dinar.
She said Najib's (IMN) "The central bank did not violate the law, but Article 50 proved on the ground, their lack of success, and that the dollar reached 1,400 dinars a result of the restriction of the bank to sell $ 75 million a day," noting that "the Bank has provided an appeal before the court Federal to this article and other material 18 to remedy the exchange rate and the ability to strengthen the dinar against the dollar. "
She explained that "the parliamentary finance committee supported the central bank's policy and stabbed him in Article 50 and walk dispute to maintain the rate of the dinar."
It is noteworthy that the Iraqi Central Bank sales at auction for the sale of foreign currency amounted to $ 282 million as opposed to the law of the financial budget for 2015, which defined sales at the auction, including no more than $ 75 million.
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Author: Publisheron: June 24, 2015In: economyViews: 44 views
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - a member of the Investment Committee and the economy MP Najiba Najib announced that Article 50 of the Budget Law has failed and impacted negatively on the Iraqi dinar.
She said Najib's (IMN) "The central bank did not violate the law, but Article 50 proved on the ground, their lack of success, and that the dollar reached 1,400 dinars a result of the restriction of the bank to sell $ 75 million a day," noting that "the Bank has provided an appeal before the court Federal to this article and other material 18 to remedy the exchange rate and the ability to strengthen the dinar against the dollar. "
She explained that "the parliamentary finance committee supported the central bank's policy and stabbed him in Article 50 and walk dispute to maintain the rate of the dinar."
It is noteworthy that the Iraqi Central Bank sales at auction for the sale of foreign currency amounted to $ 282 million as opposed to the law of the financial budget for 2015, which defined sales at the auction, including no more than $ 75 million.
[You must be registered and logged in to see this link.]