Central Bank Governor Ali al-allaq, on Saturday, freed the Bank from a given ceiling for dollar sales, saying that the strength of the dinar which cost state coffers high amounts cause growth in the economies of neighbouring States. Dr. Ali al-allaq said at a seminar on monetary difficulties and the position of the Central Bank, which has maintained the progress of development policy Institute attended by imn.iq the website of the Iraqi media network, "the Central Bank cannot abide by the decision of selling 75-120 million dollars a day as indicated in the budget resolution for the year 2015, 8% as well as stop charging taxes on currency transactions,"
Noting that "the Bank managed to maintain a balanced exchange rate acceptable and skip the inflation option pre-eclampsia appeared two weeks ago," Bank Governor Central, "Emancipation roof sale need to be controlled by the power to scrutinize the source of funds for fear of getting caught in the nets of corruption and money laundering," the Central Bank is currently working on the development of regulatory mechanisms through opening an Office within the Central Bank to fight money laundering crimes. "he stressed that" the Central Bank make great efforts to strengthen the dinar state mandated large sums, this process leads to attract investment But alas, the power of the Iraqi dinar was the cause of the growth of the economies of neighbouring States which he imports them all Iraq needs "reasoned that the" exodus of at least 70% of hard currency proceeds from oil sales abroad in the absence of local produce such as industry, agriculture and tourism. "The dollar demand factors should be given great attention by the Government, Parliament and academia to lay the foundations for a genuine guarantee that addressing anomalies in the Iraqi economy comprehensively away from wizards prosthetic" pointing out that "budget lines are subject to economic insight leading to more rent and distribute funds without creating investment and expand the productive economic base.
[You must be registered and logged in to see this link.]