Deputy Finance and Trade shoulder high dollar to ignore «tax settling accounts»

by **Proven** Tue 03 Feb 2015, 7:36 pm

Proven: NNP TEAM; Posts : 1858
Join date : 2012-12-21

Post n°1

Deputy Finance and Trade shoulder high dollar to ignore «tax settling accounts»

by Proven Tue 03 Feb 2015, 7:36 pm

4/2/2015
Deputy Finance and Trade shoulder high dollar to ignore «tax settling accounts»
BAGHDAD - A beautiful spring
Called on the Finance Committee in the House of Representatives to cancel currency auction, offered by the central bank daily, noting that all states do not follow that policy, while experiencing stable prices, foreign exchange selling them, and carried the responsibility of money laundering and smuggling of currency, "the bank and financial ministries of trade and trade attachés "due to" the lack of a tax charge. "
Sees an economist to address the rise in the dollar exchange rate is through radical policies pursued by the central bank with banking offices and speculators, at the time considered an economic advisor to the Prime Minister that the rise "a bubble" because of Tarin on the market, claiming that the central has measures "would destroy this bubble through a few hours. "
The appearance of Dr. Mohammed Saleh in a press statement, on Tuesday, that "the rise seen with the dollar on the market today in front of the Iraqi dinar is just a bubble because there are some speculators and Translated in the market," adding that "a very strong and is covered by one and a half of hard currency dinar" .
Saleh added that "sometimes the central bank to take some action that would maintain the dollar because of financial distress, and therefore, the state does not want the money scattered on some imports that are heavily futility, and consume millions of dollars Kab kids harmful, clothes and food poor" .
Saleh pointed out that "the bank has to ensure the actions of this bubble and dissipate within a few hours of shut down and restart the situation as it was."
Majida al-Tamimi, a member of the Parliamentary Finance Committee, was considered in a telephone conversation with "the world" on Tuesday, the high dollar "temporary" price, indicating that in the coming days, and through the sub-committee formed by the Parliamentary Finance Committee of the banks "will be calling the Governor of the Central Bank and directors of banks and holding a seminar for the banking sector Ahli to develop a strategy to curb the rise in the event of continuity. "
She Tamimi said there was "some Wares actions will be taken during the next few days in this regard", refusing to disclose.
She added that determine the sale auction of the Central Bank of hard currency B (75) million dollars, came to stop the "hard currency drain in Iraq," noting that "the central bank sales amounted to $ 250 million per day, and this is very large."
Tamimi noted that "the decline in central bank reserves fell from 77 billion to $ 67 billion, which is in steady decline", it usually "happens flaws in the monetary policy of the Bank."
She said "all countries where there is no auction of the coin," In contrast, "the selling price and controlled by long years, including the neighboring countries," calling for "a policy which followed approaching those countries, away from the currency auction."
And went on "The private banks are the owners themselves have banking companies."
Revealed Tamimi said there money laundering and smuggling of currency operation abroad through "the central bank and the Ministry of Finance and commercial attachés and the Ministry of Commerce," indicating that the reason is "the lack of accountable tax", seamless that "the Finance Committee required to provide tax detect within 30 days."
Said Ahmed Haji Rashid decision Parliamentary Finance Committee, in a press statement, that he "was the Iraqi Central Bank sales of the dollar ranging between 250 to 300 million a day, with steadily increasing, since 2004 to 2014," adding that "The total sales for this years 350 000 000 000 dollars, "adding that" by the general budget for 2015, the bank's level of sales declined from the dollar to 50 million, "attributing the rise of the dollar in the country to reduce the price of the dollar sales level to its lowest level of 50 million a day."
Haji Rashid, adding that "the price will remain at $ 100 116 thousand and 600 dinars in Iraqi banks without any height. The price of $ 100 to 122 000 dinars, to rise beyond the 123 thousand and 500 dinars."
He attributed Abrihi Dr. Ahmed Ali, an expert in economic affairs, on Tuesday, rising against the US dollar price of the Iraqi dinar to the increasing demand banking offices buy the dollar and pushed the local market, in addition to the central bank's policy.
Abrihi said in a press statement that "the increased demand by banking offices and citizens for the US dollar contributed to raising the price in front of the Iraqi dinar," stressing that "the local currency and a strong currency will resume its recovery soon."
See Abrihi that "rising US dollar temporary and will not last long," adding that "the dollar with the central bank, and the bank has not changed provides large amounts of foreign currency."
He noted that "this treatment difference between the price of the dollar in the official market price, made through follow strict policies by the central bank on the owners of banking offices and speculators."
The dollar price in domestic markets to the Iraqi dinar to reach 1126 sales price of the Iraqi dinar against the one after that 1120 was one of the dinar in the past month.

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by **Neno** Tue 03 Feb 2015, 9:38 pm

Neno

Neno: Admin; Posts : 10948
Join date : 2012-12-17
Age : 61
Location : Lone Star State

Post n°2

Re: Deputy Finance and Trade shoulder high dollar to ignore «tax settling accounts»

by Neno Tue 03 Feb 2015, 9:38 pm

" stressing that "the local currency and a strong currency will resume its recovery soon."
See Abrihi that "rising US dollar temporary and will not last long," adding that "the dollar with the central bank, and the bank has not changed provides large amounts of foreign currency."... Magic 8 Ball