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The money-changers society: limiting the sale of dollars to banks runs counter to the principle of t

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rocky
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The money-changers society: limiting the sale of dollars to banks runs counter to the principle of t

Post by rocky on Thu 27 Feb 2014, 6:08 am

[size=12.66]The money-changers society: limiting the sale of dollars to banks runs counter to the principle of the free market


 Baghdad/range
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The money-changers said the Central Bank's decision to limit foreign exchange outlets and specifically private banks dollar runs counter to the principle of free market and lead to a monopoly of hard currency, and disables the movement of elpida in the country and appealed to the Assembly, the BCEAO to review this decision.
The Assembly said in a statement posted yesterday and received the "range" "as we understand the good intentions of the makers and the objectives thereof and of the good organization of work and reduce the burden on the terms of reference of the Iraqi Central Bank and private banks and support their work. However, the Assembly is recorded in every respect a number of risks and drawbacks arising from this action. "
The most prominent of these hazards allow only a small number of owners of private banks to purchase direct currency monopoly and control the price of circulation, violating rules of the free market that seeks to become established as a basis for building a free and sophisticated economy unable to bypass the bureaucracy and strict instructions which limited trading money ".
The potential direct impact on market economy due to the late arrival of the currency to its users and the consequent effects on prices and delay the movement of circulation of goods inside and outside Iraq, depriving hundreds of banking companies benefit from direct sales and limit their activity and their profits are contributing to balancing the exchange rate and the speed of the currency and meet the needs of large sectors of the national economy.

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