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The government and the central bank agree to increase the amount of «dollar» in currency auction and control the exchange rate
17/6/2015
Baghdad
government sources said that the central bank will increase its sales and doubling its publications, after that the monitoring of what it called "speculation carried out by the other led to a rise in the dollar exchange rate to 1,400 dinars," the increase, which enlivened profits weekly domestic banks and Chierfat, which increased from 2 million to 14 million, "but the owners of remittances say the rise last caused by the dimensions of the central bank's 14 regional banks for currency auction, and about those" manipulations "the citizen" only affected them, "where food traders in Shorja says that eggs and rice prices and sugar saw a "crazy rise may play with the citizen for shopping."
The Cabinet decided Tuesday control of the Iraqi dinar exchange rate against foreign currencies, "until we achieve stability." said a senior government source, "the world", said that "the local currency exchange rate accounted for by the great debates Council of Ministers in its regular Tuesday, "adding that" the Council hosted the Governor of the Central Bank of Iraq during its meeting yesterday to find out the reasons for the rapid decline in the Iraqi dinar exchange rate against the US dollar. "
He continued, "The Council and the President of the Bank, agreed on a package of measures to stop the collapse of the Iraqi dinar exchange rate, include an increase in the size of the amounts offered by the dollar in the Iraqi Central Bank auction, and expand the client private banks circle with the auction. "
For his part, Sirhan Ahmed Sarhan, a member of the Finance Committee in the House of Representatives said that the government measures to cut the central bank sales "were not true", noting that it was the reason for a rally.
He called Sarhan in connection with "the world" on the government to pump larger quantities of the dollar in the market and lack of inventory to sell the bank.
In the meantime, it revealed a government source, on Tuesday, to take action to reduce the dollar exchange rate against the dinar, after he pointed to a speculation made by some led to the creation of a state of confusion in the market and raise the price of the dollar is "inadvertent."
The source said in a press statement that he was "taken several measures to reduce the price of the dollar against the Iraqi dinar "noting that" among the measures to increase the Iraqi Central Bank sales, especially in the area of remittances, as well as a doubling of publications in this aspect. "
The source, who asked not to be named, that he "will also open ports in government banks to sell the dollar for delegates humanitarian cases and there are other measures taken by the Central Bank will contribute to the provision of the dollar, "pointing to" the existence of speculations made by some led to the creation of a state of confusion in the market and contributed to raising the price of the dollar against the Iraqi dinar deliberately. "
He continued that "the traders and importers sell the dollar at the official rate and this ensures that the high prices, "noting that" this speech confirms that 90 percent of dollar sales by the Central Bank of Iraq is of remittances and 10 percent only cash for sale ".
He was a member of the Finance Committee in Parliament MP Masood Haider attributed, Tuesday, reason for the high dollar selling prices set of reasons, including manipulation "mafias banks" backed by "influential politicians" prices, while pointing out that the Iraqi Central Bank currently spend more than $ 100 million a day.
The dollar price in the domestic market in front of the Iraqi dinar gradually to reach more than 1,400 dinars to the dollar compared to 1225 thousand dinars to the dollar in February, and 1,200 dinars to the dollar through the end of last year.
The Majida al-Tamimi, a member of the Parliamentary Finance Committee said that the rise in the dollar exchange rate against the dinar "dates back to reduce the central bank from sales, as well as increasing demand from citizens and procedures recent special deductions of tax and customs of traders ", loaded with the Central Bank of Iraq" responsible for the deteriorating value of the Iraqi dinar against the dollar. "
Maitham coffee, an academic and an observer of economic affairs believe that the central bank Options "has become limited", after issuing a law a 50 number that restrict bank sales for US $ 75 million dollars a day.
He says Laibi the government was "hit by this rise," while a beneficiary of "earners changing and private banks and Chierfat, whose profits rose from 2 million a week to 14 million," according to the spokesman.
and excludes Laibi be There is a quick solution to this "crisis."
affirms Khaled Muslim, the owner of banking in an interview with "the world" on Tuesday that demand for the dollar "has increased in these days," attributing it for two reasons; first, "the lack of distribution of the central bank," while the other reason is the exclusion of 14 banks waged for auction daily currency in the central bank.
Mohammed Khalil, one Shorja market traders, confirmed for "world" that the security tensions in the west and northern Iraq, as well as increased customs on goods imported and the high dollar exchange rates "increased prices The cost of imported goods and products. "
He explained that the food, especially eggs, rice and other "among the most goods affected by the high dollar," where the price of a carton of eggs from 55 to 62 thousand rose, basmati rice price per kilo of it amounted to 3,000 dinars after was 1500.
He believes that skyrocketing to some prices might make the citizens to "refrain from shopping," calling on the government to find radical solutions to that problem.
testifies Iraqi currency market turmoil led to the rise of the US dollar in light of the central bank's policies aimed to reduce the sale of the dollar in the auction public , and speculation that the dinar witnessed in recent times, is that the sudden rise was the highest in two years from 1200 dinars to 1,400 dinars, to cast a negative shadow the new exchange rate on the Iraqi market transactions.
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17/6/2015
Baghdad
government sources said that the central bank will increase its sales and doubling its publications, after that the monitoring of what it called "speculation carried out by the other led to a rise in the dollar exchange rate to 1,400 dinars," the increase, which enlivened profits weekly domestic banks and Chierfat, which increased from 2 million to 14 million, "but the owners of remittances say the rise last caused by the dimensions of the central bank's 14 regional banks for currency auction, and about those" manipulations "the citizen" only affected them, "where food traders in Shorja says that eggs and rice prices and sugar saw a "crazy rise may play with the citizen for shopping."
The Cabinet decided Tuesday control of the Iraqi dinar exchange rate against foreign currencies, "until we achieve stability." said a senior government source, "the world", said that "the local currency exchange rate accounted for by the great debates Council of Ministers in its regular Tuesday, "adding that" the Council hosted the Governor of the Central Bank of Iraq during its meeting yesterday to find out the reasons for the rapid decline in the Iraqi dinar exchange rate against the US dollar. "
He continued, "The Council and the President of the Bank, agreed on a package of measures to stop the collapse of the Iraqi dinar exchange rate, include an increase in the size of the amounts offered by the dollar in the Iraqi Central Bank auction, and expand the client private banks circle with the auction. "
For his part, Sirhan Ahmed Sarhan, a member of the Finance Committee in the House of Representatives said that the government measures to cut the central bank sales "were not true", noting that it was the reason for a rally.
He called Sarhan in connection with "the world" on the government to pump larger quantities of the dollar in the market and lack of inventory to sell the bank.
In the meantime, it revealed a government source, on Tuesday, to take action to reduce the dollar exchange rate against the dinar, after he pointed to a speculation made by some led to the creation of a state of confusion in the market and raise the price of the dollar is "inadvertent."
The source said in a press statement that he was "taken several measures to reduce the price of the dollar against the Iraqi dinar "noting that" among the measures to increase the Iraqi Central Bank sales, especially in the area of remittances, as well as a doubling of publications in this aspect. "
The source, who asked not to be named, that he "will also open ports in government banks to sell the dollar for delegates humanitarian cases and there are other measures taken by the Central Bank will contribute to the provision of the dollar, "pointing to" the existence of speculations made by some led to the creation of a state of confusion in the market and contributed to raising the price of the dollar against the Iraqi dinar deliberately. "
He continued that "the traders and importers sell the dollar at the official rate and this ensures that the high prices, "noting that" this speech confirms that 90 percent of dollar sales by the Central Bank of Iraq is of remittances and 10 percent only cash for sale ".
He was a member of the Finance Committee in Parliament MP Masood Haider attributed, Tuesday, reason for the high dollar selling prices set of reasons, including manipulation "mafias banks" backed by "influential politicians" prices, while pointing out that the Iraqi Central Bank currently spend more than $ 100 million a day.
The dollar price in the domestic market in front of the Iraqi dinar gradually to reach more than 1,400 dinars to the dollar compared to 1225 thousand dinars to the dollar in February, and 1,200 dinars to the dollar through the end of last year.
The Majida al-Tamimi, a member of the Parliamentary Finance Committee said that the rise in the dollar exchange rate against the dinar "dates back to reduce the central bank from sales, as well as increasing demand from citizens and procedures recent special deductions of tax and customs of traders ", loaded with the Central Bank of Iraq" responsible for the deteriorating value of the Iraqi dinar against the dollar. "
Maitham coffee, an academic and an observer of economic affairs believe that the central bank Options "has become limited", after issuing a law a 50 number that restrict bank sales for US $ 75 million dollars a day.
He says Laibi the government was "hit by this rise," while a beneficiary of "earners changing and private banks and Chierfat, whose profits rose from 2 million a week to 14 million," according to the spokesman.
and excludes Laibi be There is a quick solution to this "crisis."
affirms Khaled Muslim, the owner of banking in an interview with "the world" on Tuesday that demand for the dollar "has increased in these days," attributing it for two reasons; first, "the lack of distribution of the central bank," while the other reason is the exclusion of 14 banks waged for auction daily currency in the central bank.
Mohammed Khalil, one Shorja market traders, confirmed for "world" that the security tensions in the west and northern Iraq, as well as increased customs on goods imported and the high dollar exchange rates "increased prices The cost of imported goods and products. "
He explained that the food, especially eggs, rice and other "among the most goods affected by the high dollar," where the price of a carton of eggs from 55 to 62 thousand rose, basmati rice price per kilo of it amounted to 3,000 dinars after was 1500.
He believes that skyrocketing to some prices might make the citizens to "refrain from shopping," calling on the government to find radical solutions to that problem.
testifies Iraqi currency market turmoil led to the rise of the US dollar in light of the central bank's policies aimed to reduce the sale of the dollar in the auction public , and speculation that the dinar witnessed in recent times, is that the sudden rise was the highest in two years from 1200 dinars to 1,400 dinars, to cast a negative shadow the new exchange rate on the Iraqi market transactions.
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