Claims activating the economic role of the police .. MPs reckon falling dollar at 1200 dinars

Claims activating the economic role of the police .. MPs reckon falling dollar at 1200 dinars

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06/21/2015

BAGHDAD / JD / .. number of experts and specialists in the financial affairs urged the Iraqi government to activate the economic role of the police to prosecute manipulators national economy and to adjust the dinar exchange rate against the dollar, while the likely number of members of the Economic Commission landing dollar prices and the return to more normal levels in the market, which was in 1200 dinars to the dollar.

The economist said Hamid al-Musawi, that there is a deliberate parties trying to national currency target through the events of speculation in the market to make the dollar exchange rate rises gradually, with evidence that central bank sales of foreign exchange and fixed in the same quantities that were sold in the past, what means that the Central Bank does not bear the responsibility of what happened from the deterioration of the national currency.

He said al-Moussawi told / JD /: It is supposed to activate the supervisory role to mediate and banking offices, local banks and audit operations buying and selling through the fight against economic crime police directing and activate its role to the arrest of each of the companies trying to harm the Iraqi economy and punished according to the law.

For his part, expert at the Central Bank on behalf of Hadi al-Tamimi, said the Central Bank of Iraq met with the Ministry of Finance in order to avoid crisis high dollar prices in front of the Iraqi dinar, and has taken a number decisions, including failure to respond any request to buy a dollar.

He said Tamimi Agency / JD /: that these decisions have contributed to the reduction of the dollar and a gradual rate, adding that "the most prominent factors that have contributed to reducing the exchange rate, and increased central bank sales of up to $ 85 million a day, in addition to the Governor of the Bank's statement that a reserve currency are hard for very good It covers Dinar by over 100%.

"It will open outlets to sell the dollar for humanitarian cases and increase the availability of the dollar and the acceptance of any application submitted for the purchase of dollars by banks for the purpose of paying customers needs measures to remain in control of the market," adding that "the Bank has decided to Saturday an official time for all departments belong to him, and Aaltrat on punishing companies until further notice, as well as reduce the deposit period for feeding the external accounts of banks amounts. "

The Committee on the economy and investment parliamentary reduced the risk of sudden and dramatic rise the price of the dollar against the dinar on the domestic market, saying that my time to rise and will return to normal level.

She said committee member Rep. Najiba Najib told / JD /: The rise of the dollar exchange rate against the dinar is normal to what is going through the country from crises on the security and economic level, noting that my time will come back to its normal price.

It added that the central bank will take swift action and urgent after the meeting, which was held under the chairmanship of Prime Minister Haider al-Abadi and Finance Minister Hoshyar Zebari and Oil Minister Adel Abdul Mahdi, as well as some of the experts and specialists, stressing that these measures would re-dollar exchange rate to 1,200 dinars to the dollar and saw the dollar rise gradually against the dinar has arrived to the price of 1500 dinars to the dollar during the past few days. / end / 8 /

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Seems they might have a handle on it now.
Thanks
LIT