Economic indicators do not understand thieves Iraq

Economic indicators do not understand thieves Iraq


3/12/16

t seems that the Iraqi market is going full isolation from that seen in the global markets, at a time when global markets have seen a rise in Brent oil prices of $ 86.40 a barrel, after a series of previous declines that brought the price up to 50, to $ 28 a barrel, it is expected to increase prices in the coming weeks and months, according to the international energy agency estimates yesterday (Friday), which held that the price of oil has reached its lowest borders to begin to recover after a decline of producers, production, including the United States, as gold prices dropped to reach 20, to $ 1259 an ounce, and coincided with the dollar's decline against the euro to 12.1 and against the Japanese yen to 750.112 Even so, the US dollar registered gains against the Iraqi dinar, price of dollar selling in the local market currently stands at 1270 dinars, while the selling price in the so-called Iraqi Central Bank auction is 1190 dinars per dollar for the accounts of banks abroad and cash sales, noting that the Iraqi Central Bank auction sales amounted to 91,403,625 million dollars on Wednesday day on the ninth of March current through it has all purchase orders to cover, and that the Iraqi Central sales from 01/03/2016 up to 03/06/2016 amounted to 6,515,986 billion dollars, increased by 1,112,242 billion dollars from the Iraqi Central Bank sales during the same period last year, when sales amounted to 5,403,842 billion dollars for the period from 01/03/2015 until 03/09/2015, and point this regard to the sale of Iraqi oil revenues amounted to 4.461 billion dollars during the months of January and February of this year, ie for the period from 01/01/2016 until 02/29/2016, ie, that the central bank had sold quantities of the dollar in the auction of more than oil sales two billion dollars, although that Iraqi oil revenues do not go all the auction block as part of it allocated for import of government through the trade Bank of Iraq TBI. 
The purpose of these actual numbers, not hypothetical taken from certain sources, is to ask a number of legitimate questions including: 
Where are covered the difference in dollar sales in the fact that the auction sales less than oil revenues? 
You can be named because the auction process is the correct switch dinar to the dollar at a fixed price? 
Why is increasing the dollar's exchange rate against the Iraqi dinar in local markets does not change auctions? 
Is the CBI has the tools to control the banking companies to commit to prices? 
What could be called the difference between the official exchange rate and the market price of 80 dinars per dollar? 
Why is not the inclusion of the central bank's campaign of government reforms light of lower revenues? 
What are the purposes that are covered through the sale of more than 90 million dollars a day? 
We do not believe that we will find adequate and convincing answers to these questions has been raised more than once and did not find heeded her, and offered many opinions and proposals which they can correct the exchange rates for the purpose of rational guidance for the economy that we are in a financial crisis and must face appropriate financial procedures, and we are sure that all what has been asked of those views will be resorted to if the depletion of Iraq's reserves of foreign currency, because resorting to sell the dollar more than the oil revenues (which are the only source of foreign currencies) and when the depletion of reserves or decrease will apply the change the price of the dollar against the Iraqi dinar is a burden on the people because early to late, note that the current financial situation clearly refers to the use of reserves as no data on the size there and the amount after it had been up to $ 59 billion, and that the questions above raises many question marks about the real beneficiary of the sale of the dollar in so-called auctions, because the citizen affected three times from these policies. first he buys his need of dollar travel or treatment at a high price, and second, that the rise in dollar affects the prices of goods and services, because all of them are denominated in the price of the dollar, and the third that the national reserves of the dollar is one of the rights of every citizen, and is not appropriate disposed to serve and benefit certain groups or influential in the community under the currency auction cover, every dollar is sold outside the auction in which profit by 80 Iraqi dinars, or that the profit per dollar ratio of 6.7% in each case the purchase and sale and cases going on and is parked where taking place every day and this figure constitutes a fortune for sales of more than $ 6 billion in just two months, because this amount alone represents a budget for a full year to one of the neighboring countries, which have become more advanced than Iraq and the exchange rate which has not changed in a quarter of a century, and these things are well known to one of the government and the House of Representatives and specialists, politicians and most of the public, but remain intact without treatment, and we believe they have become chronic conditions and complex that you need to use international experts in the field of supervision and control and display of periodic reports with full transparency and clarity, where there are situations of uncertainty for the current entanglement between the concerned authorities in the State regarding lost solutions to address suspicions of corruption in the subject of the possible types dollar sales in particular, where he is a drab and out of the global economic variables, allowing the opportunity to answer a lot of questions and hold negligent whenever revealed facts about this crucial issue.



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