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Specialists: sales decline in the dollar "normal state" as a result of the lack of demand for imported consumer goods
Baghdad / Zahra Hamid- term
Specialists: sales decline in the dollar "normal state" as a result of the lack of demand for imported consumer goods
Baghdad / Zahra Hamid- term
He attributed the financial advisor to the Prime Minister Haider al - Abadi, on Tuesday, lower central bank sales of foreign currency to thedecline in demand for consumer goods byabout commensurate with the current economic circumstance, and with several economic experts "useful formonetary policy and in line with oil revenues decline and pressure government spending," confirmed oil Marketing company (SOMO) , exporting around two billion and 508 million dollars of crude during the month of June. he was placed source confirmed on Monday (July 25, 2016), that the central bank sales of the dollar stood at $ 17 billion, since the beginning of the current 2016 so far , noting that it recorded a decrease of three billion dollars over the same duration of 2015 past. favor: low central bank sales caused by a drop indemand for consumer goods , says the appearance of Mohammed Saleh said in an interview to the (long -Presse), " the decline in central bank sales of currency difficult caused by a decline in aggregate demand for consumer goods, especially durable ones, and thus reduce the import of "denying" the relationship of that decline the actions taken by the central bank recently started. " adds Saleh, that" the import of energy today is lower than in the year 2013, and that the central bank sells the currency according to the difficult monetary policy that achieve exchange rate stability, "he returned that" the demand for commodities is suffering from acontraction phase in turn led to a decline in demand for foreign currency. " And confirms the financial advisor to the Prime Minister, that " the decline in central bank sales of natural dollar as a result of the economic conditions of the country and has no negative repercussions as sharp as some believe," returned her "natural phenomenon commensurate with the economic situation of the country, especially the stocks of durable goods sufficient Iraq for up to three years. " expert: low auction sales currency benefit of monetary policy , inturn , said the economist spokesman Antoine, in an interview to the (long - Presse), said that" the central bank reserves of foreign currency depends on oil sales , which declined during the past two years . " noting that " the central bank has become in recent months, does not meet all the requests that come to him from the currency auction, according to the monetary policy, as a result of the continued firming dollar sales claims." see Antoine, that " the central bank sales decline of the foreign currency impact on imports, and this interrelated problem , "calling to" encourage productivity imports that serve industrial companies and encourages employment and the strengthening of national resources, rather than goods and consumer goods. " draws an economist to, that" the depreciation of the currency auction is useful for monetary policy in Iraq sales and not have negative repercussions , as some believe , being kept in dollars for the purposes ofdevelopment for the development of various labor and industrial and agricultural production and operation ofhands working to reduce unemployment sectors. " falling dollar sales in line with oil revenues fell andgovernment spending for his part , said the economist Ahmed Rehn, said in an interview to the (long -Presse)," the decline Central bank sales of foreign currency three billion dollars is not large compared to adecrease of the general budget and imports of Iraq 's revenues from foreign currency as well as lower government spending. " He adds Rehn, that" the decline was consistent with the rest of the economic activity of the country , "pointing out that" actions last taken by the Central Bank of Iraq , which is unrelated to theamount of what sells it from the dollar. " explains economist, that" foreign currency can be up to the private sector than ten windows or even twenty and quantity of the same, "he said . " when punish banking company or a financial transfer or banks, depending on the deal with the central bank a window of foreign currency, that does not mean reducing the foreign currency sales because the quantity itself sold to banks or other companies. " Sumo: exported oil worth 2.5 billion dollars last June for his part revealed a source in themarketing company national oil (SOMO), for " the export of Iraq 's 95 million and 200 thousand barrels of oil during June 2016 from the southern ports." , says the source , who asked not to be named, said in aninterview to the (long - Presse), " the cash revenue realized from the sale of oil for June past, amounted totwo billion and 508 million dollars, "returned as" good if what has been calculated over the year , according tospecialists. " the central bank sold dollars to banks at the moment of the amounts transferred to the accounts of banks abroad at a price (1190) dinars per dollar, and the price cash sales was 1190 dinars per dollar.
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