Home
06/16/2015 (00:01 pm) -
[ltr][rtl]ا[/rtl]Charges the central bank to stand behind the rise in the dollar .. The latter denies and vows to speculators [/ltr]
Long-Presse / Baghdad
[ltr]Finance Committee promised in the Iraqi Council of Representatives, on Monday, that many of the question marks are raised on the outcome of the Iraqi Central Bank action to stop the deterioration of the value of the dinar against the dollar, while the economic and investment commission parliamentary felt that many of the economic crisis solution is to amend that law Bank so as to ensure independence from the government, and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this and accused them of responsibility and speculators in the rise in the dollar exchange rate, and vowing to "dissuasive measures"[/ltr]
[ltr] The local market is witnessing a steady rise daily to the dollar exchange rate against the dinar, the impact on the movement and reflected negatively on citizens, particularly low-income.
Finance Committee: question marks on the central bank to stop the deterioration of the dinar procedures
Says a member of the Parliamentary Finance Committee, Majida al-Tamimi, in an interview to the (long-Presse), "The rise in the dollar's exchange rate against the dinar, is due to reduce the central bank from sales, as well as increasing demand from citizens and the recent special procedures deductions of tax and customs from the merchants" , loaded with "the Central Bank of Iraq first and last responsibility to maintain the value of the dinar and not to deteriorate against the dollar."
It adds Tamimi, that "the Central Bank of Iraq has taken a number measures to counter the decline in value of the dinar, but the results did not show on the surface so far indicates many question them signs," indicating that "the central bank issuing Banknotes of large groups Kalkhmsin or hundred thousand dinars , it may lead to a reduction of the dollar exchange rate against the dinar, because of the ease to carry and be stored and traded, within the framework of actions aimed to revive the domestic market. "[/ltr]
[ltr] Committee the economy: the dollar will not solve the crisis but to amend the central bank law
Says a member of the economic and investment commission parliamentary Nora Albjara, in an interview to the (long-Presse), "The high price of the dollar crisis will not be resolved until after the amendment of the Central Bank of Iraq Law No. 94 of 2004 in harmony with the current stage", usually that "the law is a big part of the market crisis, especially with the rise of the dollar against the dinar, as well as financial liquidity. "
Albjara explains that "the economic and investment commission in cooperation with the support of the Finance Committee, the amendment of the Central Bank Law," pointing out that "the new draft law to the Central Bank currently exist in the State Consultative Council, in preparation for consideration by the government approval and transmittal
Of the parliament. "
confirm, that "the adoption of the Central Bank Law Amendment would make him independent of the government," arguing that "the problems began to accumulate as a result of a law conflicts with a lot of economic and financial aspects that have been developed in Iraq."
Central bank: exchange companies and speculators are responsible for rising dollar exchange rate
The Iraqi central bank attributed the rise in the dollar's exchange rate against the dinar, to speculators in the market, denying that the reason behind the lack of quotas exchange companies and financial and banking conversion of hard currency.
[rtl]ويقو[/rtl] According to a source at the Central Bank, in an interview to the (long-Presse), "The Bank increased its outlets for the sale and reduced the dollar standard routine to buy it by banking companies and financial transfer and banks, the currency auction", blaming the "exchange companies and speculators responsible for rising dollar exchange rate ".
He denied the source, who requested anonymity, that "the measures adopted by the Bank, the deduction rate of eight percent as collateral for the tax and customs, are the main reason behind the rise in the dollar exchange rate," asserting that "the Central Bank form an operations room to take deterrent measures against exchange companies contrary to his instructions, as well as cooperation with the concerned authorities to fend off speculators and prevent them from manipulating the price of the dinar exchange. "[/ltr]
[ltr]Fears of repercussions ominous!
For his part, MP Kazem Al Shammari called on the administration of the Central Bank of Iraq and the Audit Court to clarify the reason for the increase is natural in the exchange rates of the dollar against the local currency in the market.
Al-Shammari said in a statement, received the "long" version of it, that "the current period are rising abnormally in the dollar's exchange rate against the local currency which exceeded banknote exchange rate of dollars percent category 137 000 Iraqi dinars, which is raises big question marks about the role of the bank Central and plans previously announced in order to control the stability of the market. "
He added that "there are fears for the implications of Athmd consequences on the market situation, especially as we are at the doors of the month of Ramadan and there are more than 3 millions of displaced Iraqis, as well as security and economic deteriorating situation originally, thus obligatory us in front of a big responsibility to put real plans and find clear mechanisms in work between the central bank and private banks to control the matter before arriving at the borders can not be undone. "
And student-Shammari to "the need to clarify the Iraqi Central Bank management and Board of Supreme Audit reasons behind the local currency collapse and height is natural in dollar prices in front and that is to speed up coordination with the specialized private banks sold the currency for the purpose of establishing a professional and clear strategy to control the situation."
In the same context, he attributed the expert in economic affairs Maitham Laibi reasons for the high dollar exchange rate to "the continuing validity of the application of Article 50 in the budget of 2015 determining the quantities sold by the central bank, and also because of the decision to impose the tax and customs deducted from banks and Chierfat that buy the dollar from Alrkza, which led to shifting the burden of this tax by these by raising the price of the dollar. "
He Laibi by saying that "the start of stage confidence dinar fell as a store of value and give it up in exchange for increased demand for the dollar for this purpose also cause high dollar exchange rate, in addition to increasing demand for the dollar because of the holy month of Ramadan and Eid al-Fitr," pointing to "the continuation of the dollar out of the non-operations import purposes. "[/ltr]
[ltr]Bankers: the arbitrariness of the central bank reason for the high dollar
Meanwhile Bankers download arbitrary actions of the Central Bank responsibility for a stronger dollar.
And confirms the owner of foreign exchange company in Shorja commercial district, central Baghdad, Abu Nizar, in an interview to the (long-Presse), that "the arbitrary actions of the Central Bank caused a rise in the dollar's exchange rate against the dinar," noting that "the central bank reduced the dollar quotas on the exchange companies and banks , and the imposition of taxes and customs fees on goods entering, as collateral for the dollar, amid growing demand for it. "
And refers Abu Nizar that "the Iraq of the largest importing countries for goods so traders need to the dollar to cover their goods," returned to "the current procedures do not allow for traders easy access to the dollar, which forces them to buy it on the black market at any price and thus lead to height."
The dollar exchange rate has seen a steady rise in the domestic market of nearly 1200 dinars to the dollar, the beginning of the current 2015 to 1400 dinars currently.[/ltr]
[You must be registered and logged in to see this link.]
[ltr][rtl]ا[/rtl]Charges the central bank to stand behind the rise in the dollar .. The latter denies and vows to speculators [/ltr]
Long-Presse / Baghdad
[ltr]Finance Committee promised in the Iraqi Council of Representatives, on Monday, that many of the question marks are raised on the outcome of the Iraqi Central Bank action to stop the deterioration of the value of the dinar against the dollar, while the economic and investment commission parliamentary felt that many of the economic crisis solution is to amend that law Bank so as to ensure independence from the government, and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this and accused them of responsibility and speculators in the rise in the dollar exchange rate, and vowing to "dissuasive measures"[/ltr]
[ltr] The local market is witnessing a steady rise daily to the dollar exchange rate against the dinar, the impact on the movement and reflected negatively on citizens, particularly low-income.
Finance Committee: question marks on the central bank to stop the deterioration of the dinar procedures
Says a member of the Parliamentary Finance Committee, Majida al-Tamimi, in an interview to the (long-Presse), "The rise in the dollar's exchange rate against the dinar, is due to reduce the central bank from sales, as well as increasing demand from citizens and the recent special procedures deductions of tax and customs from the merchants" , loaded with "the Central Bank of Iraq first and last responsibility to maintain the value of the dinar and not to deteriorate against the dollar."
It adds Tamimi, that "the Central Bank of Iraq has taken a number measures to counter the decline in value of the dinar, but the results did not show on the surface so far indicates many question them signs," indicating that "the central bank issuing Banknotes of large groups Kalkhmsin or hundred thousand dinars , it may lead to a reduction of the dollar exchange rate against the dinar, because of the ease to carry and be stored and traded, within the framework of actions aimed to revive the domestic market. "[/ltr]
[ltr] Committee the economy: the dollar will not solve the crisis but to amend the central bank law
Says a member of the economic and investment commission parliamentary Nora Albjara, in an interview to the (long-Presse), "The high price of the dollar crisis will not be resolved until after the amendment of the Central Bank of Iraq Law No. 94 of 2004 in harmony with the current stage", usually that "the law is a big part of the market crisis, especially with the rise of the dollar against the dinar, as well as financial liquidity. "
Albjara explains that "the economic and investment commission in cooperation with the support of the Finance Committee, the amendment of the Central Bank Law," pointing out that "the new draft law to the Central Bank currently exist in the State Consultative Council, in preparation for consideration by the government approval and transmittal
Of the parliament. "
confirm, that "the adoption of the Central Bank Law Amendment would make him independent of the government," arguing that "the problems began to accumulate as a result of a law conflicts with a lot of economic and financial aspects that have been developed in Iraq."
Central bank: exchange companies and speculators are responsible for rising dollar exchange rate
The Iraqi central bank attributed the rise in the dollar's exchange rate against the dinar, to speculators in the market, denying that the reason behind the lack of quotas exchange companies and financial and banking conversion of hard currency.
[rtl]ويقو[/rtl] According to a source at the Central Bank, in an interview to the (long-Presse), "The Bank increased its outlets for the sale and reduced the dollar standard routine to buy it by banking companies and financial transfer and banks, the currency auction", blaming the "exchange companies and speculators responsible for rising dollar exchange rate ".
He denied the source, who requested anonymity, that "the measures adopted by the Bank, the deduction rate of eight percent as collateral for the tax and customs, are the main reason behind the rise in the dollar exchange rate," asserting that "the Central Bank form an operations room to take deterrent measures against exchange companies contrary to his instructions, as well as cooperation with the concerned authorities to fend off speculators and prevent them from manipulating the price of the dinar exchange. "[/ltr]
[ltr]Fears of repercussions ominous!
For his part, MP Kazem Al Shammari called on the administration of the Central Bank of Iraq and the Audit Court to clarify the reason for the increase is natural in the exchange rates of the dollar against the local currency in the market.
Al-Shammari said in a statement, received the "long" version of it, that "the current period are rising abnormally in the dollar's exchange rate against the local currency which exceeded banknote exchange rate of dollars percent category 137 000 Iraqi dinars, which is raises big question marks about the role of the bank Central and plans previously announced in order to control the stability of the market. "
He added that "there are fears for the implications of Athmd consequences on the market situation, especially as we are at the doors of the month of Ramadan and there are more than 3 millions of displaced Iraqis, as well as security and economic deteriorating situation originally, thus obligatory us in front of a big responsibility to put real plans and find clear mechanisms in work between the central bank and private banks to control the matter before arriving at the borders can not be undone. "
And student-Shammari to "the need to clarify the Iraqi Central Bank management and Board of Supreme Audit reasons behind the local currency collapse and height is natural in dollar prices in front and that is to speed up coordination with the specialized private banks sold the currency for the purpose of establishing a professional and clear strategy to control the situation."
In the same context, he attributed the expert in economic affairs Maitham Laibi reasons for the high dollar exchange rate to "the continuing validity of the application of Article 50 in the budget of 2015 determining the quantities sold by the central bank, and also because of the decision to impose the tax and customs deducted from banks and Chierfat that buy the dollar from Alrkza, which led to shifting the burden of this tax by these by raising the price of the dollar. "
He Laibi by saying that "the start of stage confidence dinar fell as a store of value and give it up in exchange for increased demand for the dollar for this purpose also cause high dollar exchange rate, in addition to increasing demand for the dollar because of the holy month of Ramadan and Eid al-Fitr," pointing to "the continuation of the dollar out of the non-operations import purposes. "[/ltr]
[ltr]Bankers: the arbitrariness of the central bank reason for the high dollar
Meanwhile Bankers download arbitrary actions of the Central Bank responsibility for a stronger dollar.
And confirms the owner of foreign exchange company in Shorja commercial district, central Baghdad, Abu Nizar, in an interview to the (long-Presse), that "the arbitrary actions of the Central Bank caused a rise in the dollar's exchange rate against the dinar," noting that "the central bank reduced the dollar quotas on the exchange companies and banks , and the imposition of taxes and customs fees on goods entering, as collateral for the dollar, amid growing demand for it. "
And refers Abu Nizar that "the Iraq of the largest importing countries for goods so traders need to the dollar to cover their goods," returned to "the current procedures do not allow for traders easy access to the dollar, which forces them to buy it on the black market at any price and thus lead to height."
The dollar exchange rate has seen a steady rise in the domestic market of nearly 1200 dinars to the dollar, the beginning of the current 2015 to 1400 dinars currently.[/ltr]
[You must be registered and logged in to see this link.]
» utube 11/13/24 MM&C MM&C News-Private Sector- Electronic Payments-Reconstruction-Development-Digit
» utube MM&C 11/15/24 Update-Budget-Non Oil Resources-CBI-USFED-Cross Border Transfers-Oil
» Al-Sudani is besieged by lawsuits over the “wiretapping network”... and Al-Maliki heard “inappropria
» Tens of thousands of foreigners work illegally in Basra... and the departments will bear the respons
» 4 reasons for the Sudanese government’s silence in the face of the factions’ attacks.. Will Baghdad
» PM's advisor: Government able to increase spending without inflation or fiscal deficit
» Prime Minister stresses the need to complete 2024 projects before the end
» Minister of Labor sets date for launching second batch of social protection beneficiaries in the pol
» Al-Sudani approves 35 new service projects, stresses the need to complete 2024 projects
» Minister of Labor: The population census will provide accurate calculations of poor families covered
» Electricity announces its readiness for the winter peak
» Economist: Parallel market remains pivotal to financing Iraq’s trade with Iran, Syria
» Trump: Iraq: A subsidiary or the focus of major deals?
» Counselor Mazhar Saleh: The government is able to increase spending without causing inflation or a f
» Al-Sudani's advisor to "Al-Maalouma": We do not need to bring in foreign workers
» Parliamentary Rejection.. Parliamentarian Talks About Jordanian Agreement That Harms Iraq’s Economy
» Al-Sudani chairs the periodic meeting of the service and engineering effort team
» Al-Sahaf: Washington continues to support terrorist organizations in Iraq
» Al-Maliki Coalition: America is trying to make Iraq hostile to its neighbors by violating its airspa
» Close source: Al-Sudani failed to convince Al-Hakim and Al-Amiri to carry out the ministerial reshuf
» Al-Sayhoud on Postponing Parliament Sessions: Bad Start for Al-Mashhadani
» Peshmerga Minister: The survival of the Kurdistan Region depends on the presence of a strong Peshmer
» Al-Maliki Coalition: US pressures prevent Israel from striking Iraq
» Nechirvan Barzani calls for keeping Peshmerga out of partisan conflicts, urges formation of 'strong
» US Institute: Trump administration may prevent Iraq from importing Iranian gas as part of pressure o
» The meter will visit families again.. Planning details the steps for conducting the population censu
» Government clarification: Is Iraq able to increase spending?
» Iraq advances over China.. Iran's trade exchange witnesses growth during October
» Al-Sudani approves 35 new service projects and begins implementing them within 10 days
» Al-Sudani and Al-Hakim discuss developments in the political scene and the results of the visit to K
» Minister of Labor: Government measures contributed to reducing the poverty rate from 22% to 16.5%
» Al-Maliki calls for strengthening national dialogue and unity to overcome the current stage
» Al-Sudani stresses the importance of accuracy and specifications in service and engineering projects
» Baghdad Governor: 169 projects are listed for referral and contracting
» Industry confirms success by signing 4 investment contracts for strategic industries
» Parliament confirms its support for conducting the general population census and decides to resume s
» Parliament gains a "holiday and a half"... Half of the "extended" legislative term passes without se
» Find out the exchange rates of the dollar against the dinar in the Iraqi stock exchanges
» Al-Maliki describes tribes as a "pillar" for confronting challenges in Iraq
» The plan in the "distribution method".. A representative describes the "investment achievement" as n
» Iraq is ahead of China in trade exchange with Iran.. These are the numbers
» MM&C 11/14/24 Central Bank Governor Urges Türkiye to Open Accounts for Iraqi Banks
» MM&C 11/14/24 Trump and the Iraqi Banks Puzzle
» New decline in gold in Iraq.. and globally records the worst week in 3 years
» Monitoring body approves 2023 imports annual report
» Development Road: Faw Port Ignites Regional Corridor Race
» First in Iraq... Diyala sets a plan for "rural reconstruction"
» Al-Saadi: Influential parties are working to erase the theft of the century file
» MP: Baghdad supports the "Diyala Artery" project with 40 billion dinars
» Source: General amnesty law will pave the way for the return of terrorist groups
» The Prime Minister stresses the need to expedite the completion of the requirements for restructurin
» Minister of Resources: The project to develop the left side of the Tigris River has reached its fina
» Foreign Minister: We are proceeding with implementing the associated gas exploitation program
» Swiss Ambassador Expresses His Country's Desire to Invest in Iraq
» "We left the camel and its load" .. Moroccan farmers await "imminent compensation" from Iraq
» OPEC sues Iraqi minister over oil violations.. What is Kurdistan's involvement?
» Iraq warns of 'dire consequences' of imposing barriers to plastic products
» Iranian newspaper: Iraq's development path is a step towards regional economic integration
» Al-Mandlawi discusses with the Russian ambassador developing relations in the fields of economy, inv
» Oil Minister discusses with Dutch Ambassador strengthening bilateral relations
» The Minister of Oil discusses with the companies "+dss" and "Xergy", joint cooperation to develop th
» Rafidain Bank announces a plan to include other branches in the implementation of the comprehensive
» With the presence of the opposition... Baghdad supports the partnership government in Kurdistan
» Parliamentary move to raise retirement age in state institutions to 63 years
» Through leaks.. Warnings against creating political crises as parliamentary elections approach
» Iraqi oil returns to decline in global markets
» Parliamentary Committee: Iraq uses its international relations to avert the dangers of war from its
» The value of non-oil imports for Sulaymaniyah and Halabja governorates during a week
» Rafidain: Continuous expansion in implementing the comprehensive banking system
» Planning: The population census includes residents of Iraq according to a special mechanism
» Transparency website reveals non-oil imports to Sulaymaniyah and Halabja during a week
» Al-Sudani directs the adoption of specialized international companies to prepare a unified structure
» MP warns of a move that will worsen the housing crisis and calls on the government
» Disagreements strike the Kurdish house... hindering the formation of the regional parliament and gov
» Hundreds of Moroccan farmers are waiting for “imminent compensation” from Iraq.. What’s the story?
» Iraq 10-Year Review: Spending, Imports, Unemployment in 2024 at ‘Highest Level’ in a Decade
» Call to all smokers in Iraq: Prepare for the law
» utube 11/11/24 MM&C News Reporting-IRAQ-USA-Financial Inclusion up 48%-Money Inside & Out of Iraq
» Al-Mandlawi to the UN envoy: The supreme authority diagnosed the problems and provided solutions for
» Saleh: Government strategy to boost gold reserves as part of asset diversification
» Prime Minister's advisor rules out oil price collapse: Trump's policy will not sacrifice petrodollar
» Tripartite alliance between Iraq, Egypt and Jordan to boost maritime trade
» Parliamentary Committee reveals date of entry into force of Personal Status Law
» Al-Fatah warns against US blackmail and Trump's intentions for the next stage
» A leader in the law: If the Americans do not leave on their own two feet, we will expel them in fune
» MP: Next Sunday's session will witness the passing of "important laws"
» There is a financial aspect.. Al-Zaidi rules out voting on the real estate law
» "Promising" economic opportunities in central Iraq open doors to investment, trade and unemployment
» Minister of Transport: Arab interest in the development road project
» Bitcoin Fails to Maintain Its Meteoric Rise
» Amending the retirement age on the parliament's table.. This is the latest that has been reached
» Launching the Health Unit Initiative in Iraqi Schools
» Will Iraq be the savior of the countries of the region if oil prices fall?
» Regarding electrical energy.. Government moves to meet the needs of next summer
» {Retirement age} sparks debate in parliament
» Minister of Transport to {Sabah}: Arab interest in the development road project
» Planning: Two important pre-census activities start today and tomorrow
» Next week.. contracting with 2500 applicants on a {contract} basis