15/06/2015 05:28 PM
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BAGHDAD - A follow-up to the Orient:
criticized a member of the economic and investment commission in Parliament MP Abdul Salam al-Maliki, on Monday, the reluctance of the Iraqi Central Bank administration and lack of ability to control the continuous rise of the dollar exchange rate against the local currency, affecting the price increase eerily in the private market that we are at the gates holy month of Ramadan. Said Abdul Salam al-Maliki in a press release that «the Central Bank of Iraq has become helpless in front of the dominance of mafias currency in the domestic market not to mention the lack of real policy has to deal with private banks to sell the currency, which is the other no longer with the ability to cope with changes the daily market because of these failed policies, making the dollar rise on a daily basis even arrived can not be tolerated more than that price. » He added that «the Central Bank did not see them any real measures to deal with winning inflation and the rise is normal on a daily basis to the dollar exchange rate and the lack of a clear vision of the Central Bank to face difficult circumstances guide», warning that «take quick measures in parliament and claim to call the Central Bank for the purpose of standing on Maheat these failures ». In the same context, the deputy in the national coalition called the Iraqi Central Bank management and Board of Supreme Audit to clarify the reason for the increase is natural in the dollar exchange rate against the local currency in the market, stressing the need to find and clear mechanisms at work between the central bank and private banks to control the matter before arrival to the borders can not be undone. Kazim said Shammari in a press release that this period saw the rise is natural in the dollar's exchange rate against the local currency which exceeded banknote exchange rate of dollars percent category 137 000 Iraqi dinars [the official price 116 000 dinars], which is a matter of marking a big question about the role of The central bank plans previously announced in order to control the stability of the market. » He added that «there are fears for the implications on the market situation, especially as we are at the doors of the month of Ramadan and there are more than 3 million displaced Iraqis, as well as security and economic deteriorating conditions, therefore, obligatory us in front of a big responsibility to put real plans and find clear mechanisms at work between the Bank Central and private banks to control the matter before arriving at the borders can not be undone. » He said Shammari he should be on the Central Bank and the Office of Financial Supervision that Todha reasons behind the local currency collapse and height is natural in dollar prices in front and that is to speed up coordination with the competent private banks sold the currency for the purpose of establishing a professional and clear strategy to control the situation ».
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