Parliamentary Finance: lack of display dollar raised the price and we have notes on the sale of central bank currency
BAGHDAD - attributed the parliamentary Finance Committee member Jabbar al-Abadi, the high dollar exchange rate to a lack of supply in front of demand.
Ebadi said in a statement that "the preservation of the dinar exchange rate is one of the first priorities of the central bank, but this issue is controlled by supply and demand. If there was a demand for the dollar will rise its price, especially given that this period is the summer vacation and increase demand for the dollar for frequent travel."
He added that "a lot of observations we had on the single-window adopted by the central bank to sell the dollar and foreign currency", adding that "among the proposals if there is an amount back to the traveler delivers him at the airport, so do not take advantage of speculators subject and raise the dollar's exchange rate against the dinar Iraqi ".
Abadi said that "this period is the period of demand for the dollar more, because of the situation and one important reason for rising prices is the large number of traveling abroad, and thus demand is less than supply so exploited by speculators."
He stressed that "the central bank has a banking tools can be used in this aspect, but speculators have ways, the central bank has a plan or a specific image and a certain ceiling could intervene in the time he deems appropriate."
And saw the local markets yesterday rising US dollar exchange rates against the Iraqi dinar to 1,400 dinars to the dollar, that is equal to the percent of $ 140 000 dinars.
The official exchange rate of the Central Bank of Iraq in 1166 dinars per dollar, meaning it is the official price rose about 234 dinars, an increase of 20%.
Attribute specialists and economists this increase to the dollar in the domestic market, to a lack of supply of the dollar at an auction sale daily currency Central Bank of Iraq, which identified the quantification of the law of the general budget for 2015 by $ 75 million just after it was open, so called for the increased demand for foreign currency to fulfill banks and businessmen Baltazamthm and the market need for liquidity Almalah.anthy 4