Parliamentary financial ply News: government wants to increase the central bank sales over 75 million dollars

Parliamentary financial ply News: government wants to increase the central bank sales over 75 million dollars





Wednesday 18 February 2015



Parliamentary financial ply News: government wants to increase the central bank sales over 75 million dollars
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Year's budget law in 2015 identified in one of the paragraphs of the Central Bank of Iraq sells $ 75 million per day in order to control the currency auction on the one hand and repel money laundering operations on the other hand
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Economy



Parliamentary Finance Committee reported, Wednesday, that the government wants to increase the sale of dollar rates in the currency auction at the Central Bank to more than $ 75 million per day, to keep the dinar exchange rate of the dollar.

He said the Commission decision of Hama Rashid Ahmed told the "Qurtas News" "The year's budget law in 2015 identified in one of the paragraphs of the Central Bank of Iraq sells $ 75 million per day in order to control the currency auction on the one hand and repel money laundering operations on the other hand."

He added that "this decision impact on the market but it will not last long because of the actions to be taken by the central bank."

He said, "There are claims increased bank sales of dollars to more than $ 75 million per day if it is 100 to 125 million dollars per day, to reduce the price of the dollar against the dinar."

He pointed out that "the Commission will consider those requests and decide in a timely manner."

He called his flesh, "the central bank to accelerate the activation of serious action to control the outlets selling the dollar and prevent this currency manipulators and take precautionary measures against violators and punitive."


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The actions are the CBI releasing the rate to trade international. They are pulling in dinar from the auctions and also off the secondary market, per the instructions of the CBI to buy 5 triilion treasury's off the secondary market. It's almost over, they have a liquidity issue they caused by dedollarizing, pulling in dinars. Brilliant move to change to a market economy. The GOI and CBI are working in tandem. No salaries paid so as not to put more dinar on the street. This will be over by the end of the month or shortly there after, ( the dinar note count has to be reduced to the level to which they can show the rate to the world market what ever it may be. They are telling us step by step what they are doing. Just follow along. The market rate or street rate is the dinar they are buying. The currency dealers or speculators in Iraq get to make a larger spread and the cbi scoops up the dinar. Does not get any better then this.

I read every article, not sure what your point is. What they say and what they are doing do not always match. Follow the money. The facts are they are dedollarizing per the auctions being reduced by 2/3, that means less dollars in the market.The market rate goes up and the CBI per the instructions are buying dinar off the secondary market to the tune of 5 trillion dinar. The CBI can change the rate at anytime they choose, they have shown this since 2004. The issue was they needed the GOI to pass the laws, which Abadi has stated are in or tied to the budget. We are waiting for the note count to be what they need it at. You cannot deny the market rate or that they said they are buying the dinar off the secondary market. The articles can be misleading but the laws and action of the CBi are showing what is happening. No denying what they are doing to pull dinar and dollars off the street. It's what we want them to do.

How did you know I was Italian?  I have not been able to access the chatroom . Help please
I am not trying to cause conflict, just trying to explain what they are doing and learn from everyone at the same time. I would love to discuss this in chat with you, Bondlady and Shread. Thanks for your response