The central bank adviser said the former Iraqi appearance of Mohammed Saleh, said that some private banks are working for their personal interests without restraint in the conduct of speculative cash to monopolize the dollar, calling for the monetary authorityto be held accountable immediately.
Saleh said in a statement the "future" yesterday (Saturday June 14, 2014) that the high exchange rate of the dollar in financial transactions in the capital Baghdad, which
eached to about (123) thousand dinars, compared to the category of U.S. $ 100, was
due to the unstable security situation and violence that allowed the existence of a state
of chaos in the conduct of monetary speculation by private banks, describing the
increasing popularity and demand for the U.S. dollar and foreign currency in Iraq,
currently about it is natural.
Saleh added that there was panic in the Iraqi society has led in turn to the presence of
Iqbal unrivaled on the purchase of hard currency to protect themselves from any real
risk of life-threatening, adding that the security situation is the current of the cause to
find a kind of mess to deal in hard currency by different entities.
He stressed adviser to the CBI the past that private banks doubled now from speculative
operations or what is known as "dollar cash" and $ 5,000 and received by the citizen
who wishes to travel to meet with presenting his passport or identity card, indicating
that some private banks take advantage of this process to get substantial financial gains
through the monopoly of foreign currency, which can be manipulated through control of
the operations of the supply and demand condition activation procedures exchange
foreign currency. Saleh pointed out that speculative operations by private banks in the
monopoly of the dollar and increase profits will create an atmosphere uncomfortable for
the Iraqi economy, and said the embargo on the monetary authority to monitor the
situation immediately and evaluation of pumping dollars of transactions sufficient to
him, stressing that the committees of inspection and checking on speculation in private
banks exist but they do not work in the case of the volatile security situation currently
Masterk a big impact on the local business market.