Dated: 06/01/2015 Monday 8:38
Iraq today / special
The views of specialists banking affairs dating back to the pointing her finger on the large, semi-exclusive role of the Central Bank of Iraq in the consequences of rising US dollar, against the Iraqi dinar,
It carried Managing Director of the Association of private banks earlier, a banking expert Abdul Aziz Hassoun, central bank responsibility, "the collapse of the Iraqi dinar against the US dollar," - he said, describing the recent Bank procedures b: / chaos banking /, and come to us Hassoun from his analysis basket in his speech for "Iraq today," more, in which he stated: "The continuation of the US dollar recovery in Iraq, because of the deteriorating security situation and the central bank, which launched a new instruction in the last week, not the civil Foreign currency banks delivery, which led to the weakness of private banks and the bankruptcy of most of them , as a result of not being able to push the dollar to its customers, "and gave a goldfinch then burdens the case with the sentences the central authorities and the finance ministry:"
The central bank and Ministry of Finance, bear the responsibility of the local currency deterioration in the country ", and the share of the last central decision in a wave of rising new dollar, he said Hassoun: "The Bank's instructions not to push the dollar to domestic banks, prompted speculators in the market to be exploited, and resort to manipulate the price of the dollar, and raise it to the highest level", and we can say that the central bank after breastfeeding Iraqi citizen milk the dollar has suddenly Pftamh, and why our access to this metaphor, read the us coming words Hassoun: "The central bank, sold over the past 3 years, $ 31 billion in the Iraqi market, Maaud citizen on the dollar, and resorted to a safe currency haven, played down the importance of the local currency", and the ways to address all the foregoing for the benefit of the Iraqi dinar, he saw a banking expert, said that "addressing the deterioration of the Iraqi dinar is done through the monetary authority, financial authority meeting, and agreement on a banking plan, elevate the Iraqi dinar, and reduce the importance of the US dollar, and calls for citizens to demand for the dinar, kuna strong local currency, will not be affected by fluctuations in the global market, and to prevent speculators from working in the banking market, and the elimination of the black market, "The Iraqi dinar has suffered a great negligence by the local citizens, the result left him, and resort to the US dollar as a safe currency haven, and for the measures is responsible by the Bank Antrza- as described by observers, what led to lower its price in exchange for foreign currency and the recovery of the dollar to its highest level in Iraq, and recalled that the Economic Advisor to the Prime Minister, the appearance of Mohammed Saleh, had been approved in the past Speaking for "Iraq today," Monday , the 25 of last May, that "the Central Bank of Iraq has become a haven for borrowing because most bank deposits at the central bank have said, because of capital flight in 2006 and 2007", which he said in his speech also, and the correctness of the monetary policy of the central or not: "The monetary policy of the Central Bank currently, is one of the best policies, they are balanced and rational, with the timing of a right policy, as Ataatsra to reduce the value of the Iraqi dinar", either by the Central Bank to banks relationship, he concluded, "it is still tense relationship, though Bank Central monitors the liquidity of private banks, and these banks are suffering from a liquidity crisis, though private banks constituted 32 banks out of 45 banks or more. "
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