Vice-Badri: the government pay salaries in dollars to reduce its price on the market
17/06/2015
He warned the MP from the parliamentary bloc Mohammed Badr fact, on Wednesday, the continuation of the Iraqi Central Bank deal individually with private banks, which led to the collapse of the dinar exchange rate against the US dollar.
The fact that in an interview with "direction Press," said the erroneous policy pursued by the central bank and determined a certain ceiling to pump foreign and estimated currency by about $ 75 million to make the demand is more than supply and thus creating a kind of lack in this currency, which led to the rise of the dollar against the Iraqi dinar.
He said that private banks became only concern the purchase of foreign currency from the central bank and profiteering through regardless of speculation in the market, making it small Caldkakan specialized selling and buying currencies.
He added that the solution to this problem is to pay part of the salaries of state employees in dollars and sell it at a price that the central bank for domestic banks, which would provide millions of dollars to the state and its treasury.
It is said that the Iraqi street seemed very complaining that there has been a significant rise in the dollar exchange rate against the Iraqi dinar what portends a rise of all goods and foodstuffs, especially as the holy month of Ramadan on doors.
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17/06/2015
He warned the MP from the parliamentary bloc Mohammed Badr fact, on Wednesday, the continuation of the Iraqi Central Bank deal individually with private banks, which led to the collapse of the dinar exchange rate against the US dollar.
The fact that in an interview with "direction Press," said the erroneous policy pursued by the central bank and determined a certain ceiling to pump foreign and estimated currency by about $ 75 million to make the demand is more than supply and thus creating a kind of lack in this currency, which led to the rise of the dollar against the Iraqi dinar.
He said that private banks became only concern the purchase of foreign currency from the central bank and profiteering through regardless of speculation in the market, making it small Caldkakan specialized selling and buying currencies.
He added that the solution to this problem is to pay part of the salaries of state employees in dollars and sell it at a price that the central bank for domestic banks, which would provide millions of dollars to the state and its treasury.
It is said that the Iraqi street seemed very complaining that there has been a significant rise in the dollar exchange rate against the Iraqi dinar what portends a rise of all goods and foodstuffs, especially as the holy month of Ramadan on doors.
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