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Monetary policy is unable to set the dollar's exchange rate against the dinar
2015-06-27
Baghdad tomorrow
Said Governor of the Central Bank on the Keywords, Saturday, that the dollar selling process is not marginal, and among the inability of the state budget lead to the weakness of the bank, he stressed that the fragility of the security situation has led to bring out money to outside Albulad.oukal Keywords in a speech at a seminar hosted by the progress of the Policy Institute development, "The Ministry of Finance does not have enough dinars, which distributes the budget in dollars and we are buying the dollar ones," adding that "the sale of the dollar by the Bank process is not marginal but are linked to the country's economy." He added that "the budget deficit Bank weakens it does not It controls the volume of money supply, "noting that" the fragility of the security situation lead to take out the money out of Iraq ", stressing that" the power of the Iraqi dinar was the cause recovery neighboring countries economy, "pointing out that" determining the ceiling means exemption from the Bank to maintain the prices. " He continued that "the political interventions affect the operation of the bank," noting that "the statements media create upheaval market dollar" .ohdd Keywords on the need to "separate the cases of corruption, smuggling and among the general situation of the exchange rate." The Central Bank of Iraq confirmed, on June 20, the current that of foreign currency has almost twice the amount of the dinar in the market, noting that the bank does not have fears or concerns about the impact on the price of Abv.omn the other hand, said the Central Bank Council member Majid picture that "monetary policy is trying to adjust the exchange rate against the dollar, but the dinar this will not affect too much, "pointing to the existence of other factors have an impact on the exchange rate the security and political stability and control of land, air and sea border crossing points such as the situation" He called the picture "The government has to cooperate with various parties in order to follow up corruption and keep track of the money that comes out of the country and the fight against economic crime." He continued that "the cash reserve with the central bank as possible to play a major positive role in the stability of the dollar exchange rate on condition of interference by other parties" .oivkr that the Governor of the Central Bank on the Keywords announced that the decision to cancel 8% of customs and excise tax imposed on the purchase of the dollar will contribute down the exchange rate over the next week, and it will contribute to lower consumer goods prices
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2015-06-27
Baghdad tomorrow
Said Governor of the Central Bank on the Keywords, Saturday, that the dollar selling process is not marginal, and among the inability of the state budget lead to the weakness of the bank, he stressed that the fragility of the security situation has led to bring out money to outside Albulad.oukal Keywords in a speech at a seminar hosted by the progress of the Policy Institute development, "The Ministry of Finance does not have enough dinars, which distributes the budget in dollars and we are buying the dollar ones," adding that "the sale of the dollar by the Bank process is not marginal but are linked to the country's economy." He added that "the budget deficit Bank weakens it does not It controls the volume of money supply, "noting that" the fragility of the security situation lead to take out the money out of Iraq ", stressing that" the power of the Iraqi dinar was the cause recovery neighboring countries economy, "pointing out that" determining the ceiling means exemption from the Bank to maintain the prices. " He continued that "the political interventions affect the operation of the bank," noting that "the statements media create upheaval market dollar" .ohdd Keywords on the need to "separate the cases of corruption, smuggling and among the general situation of the exchange rate." The Central Bank of Iraq confirmed, on June 20, the current that of foreign currency has almost twice the amount of the dinar in the market, noting that the bank does not have fears or concerns about the impact on the price of Abv.omn the other hand, said the Central Bank Council member Majid picture that "monetary policy is trying to adjust the exchange rate against the dollar, but the dinar this will not affect too much, "pointing to the existence of other factors have an impact on the exchange rate the security and political stability and control of land, air and sea border crossing points such as the situation" He called the picture "The government has to cooperate with various parties in order to follow up corruption and keep track of the money that comes out of the country and the fight against economic crime." He continued that "the cash reserve with the central bank as possible to play a major positive role in the stability of the dollar exchange rate on condition of interference by other parties" .oivkr that the Governor of the Central Bank on the Keywords announced that the decision to cancel 8% of customs and excise tax imposed on the purchase of the dollar will contribute down the exchange rate over the next week, and it will contribute to lower consumer goods prices
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