Fayez: sell the dollar through the passport will prevent him going into the hands of speculators on

by **Rocky** Tue 23 Apr 2013, 8:02 am

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Fayez: sell the dollar through the passport will prevent him going into the hands of speculators on

by Rocky Tue 23 Apr 2013, 8:02 am

Fayez: sell the dollar through the passport will prevent him going into the hands of speculators on the black market

Published in: 8:36 pm, April 22, 2013

BAGHDAD (Iba) .. Counting member of the Economic Commission MP Amer Al-Fayez, the central bank measures put controls on the process of selling the dollar to a citizen by a passport Saeb contribute to the reduction of the dollar go into the hands of speculators on the black market.
He said Fayez told the independent press (Iba) said on Monday that "the process of selling the dollar wildly helped speculators to hold dollars and sell it at a few Displayed prices are high, making the dinar exchange rate low against the dollar, stressing: that put the bank controls dollar selling by the passport will help citizens to resort to the bank and buy the dollar at the real price and not a price that imposed by the speculator. "
He pointed out that "these measures came after a surge in the dollar against the dinar and the lack of the dollar in the market and exploit the poor souls that owners of trading in hard currency."
He criticized "some of the statements of experts opposition to measures showcasing Bank passport and account measures humiliated and encourages citizen mistakes, stressing: that highlight the passport will prove central bank or banks entitlement citizen to buy the dollar for the purposes of travel for treatment or tourism."
He continued, "The owners of banking offices and some speculators have contributed to raise the price of the dollar to 1280 with Bank sold in 1270, making a continuous decline in Iraqi dinar." (End)

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