Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Details reduce dollar sales for "2016" in the country !!

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 278278
    Join date : 2012-12-21
    • Post n°1

    Details reduce dollar sales for "2016" in the country !! Empty Details reduce dollar sales for "2016" in the country !!

    Post by Rocky Sun 15 Jan 2017, 6:59 am

    [You must be registered and logged in to see this link.]
     15-01-2017 12:58 PM
    [size=18]Hits: 1021    [/size]
    [You must be registered and logged in to see this image.]
     
    East News -
    Life
     
    Called economic Academic Iraqi Isam Mahouelle, to «re-work of foreign exchange law as an alternative to the auction of dollar window in a way one, being open the door to get out the money from Iraq, without giving a great service to the economy, such as activating the productive sectors or attract investments that achieve development ».
     
    He pointed Mahouelle in a press statement, he noted that the stock of the dollar, which enters the central bank from the sale of oil to support the general budget, may be affected in the event of retreating Iraqi economy remained going at this pace ». He stressed the need for «economic control over the import and check the prices of materials to be imported with the real prices to maintain public money wastage activation». He said that the central bank «responsible for the moderation of the balance of payments and the safety of the dollar reserve».

    He stressed the need to «download traders are not the responsibility of the banks authentification». He pointed to the importance of the formation of a committee of the central bank and the ministries of finance, trade, industry and internal, in order to monitor the quality of goods to be imported, the prices and origin and the statement of the need to import them or not, in order to preserve public funds. » And demanded that the «prove the trader importing goods into Iraqi territory from government outlets, which are the responsibility of the Customs».

    The central bank has taken years ago, within the summary of the bank's policy tools, work tools active and influential in the market liquidity (cash basis), including the organization of foreign currency auctions and the dollar buys or sells, or market it. He revealed that sales of the dollar banks «amounted to 33 billion and 523 million and 710 thousand dollars through 2016.»

    He noted in a press statement, that this amount is «dropped what it was in 2015, and sales were the 44 billion, 147 million and 223 thousand dollars, and so central is the Iraqi cut about $ 11 billion from sales of the currency over the past year compared to the previous year.»

    He was the financial advisor to the prime minister the appearance of Mohammed Saleh, said that «declining Iraqi Central Bank sales of foreign currency caused by a decline in aggregate demand for consumer goods, especially durable ones, and therefore declining import». He pointed out that «import energy day less than in 2013», declaring that «the central bank sells foreign currency in accordance with the monetary policy that achieve exchange rate stability». He added that «demand for goods recorded a contraction in turn led to reduced demand for foreign currency.»

    In favor of the view that the contraction of the central bank sales of the dollar «a natural result of the economic circumstances in which Iraq is going through, and severe negative repercussions for him, as some believe.» Because he felt «a natural phenomenon commensurate with the economic situation, especially that of durable goods stocks sufficient Iraq for up to three years».

    Noted economist Bassem Jamil Anton, the Central Bank of Iraq in recent months, «does not meet all the requests that come to him from the auction currency according to its monetary policy, as a result of the continued firming dollar sales claims». He explained that the central bank reduced sales of foreign currency «affect the import.» He urged the «encourage productivity imports that serve industrial companies and encourages labor and strengthen national resources, rather than goods and consumer goods.»

    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Sun 29 Sep 2024, 11:26 pm