Albulad..stoh concerns of the dollar!

by **csd9013** Fri 17 Jul 2015, 5:55 am

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Post n°1

Albulad..stoh concerns of the dollar!

by csd9013 Fri 17 Jul 2015, 5:55 am

First topic message reminder :

Abdul-Zahra Talqani
Thursday 07/16/2015
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Abdul-Zahra Talqani
where the citizen gets the hard currency when he needs to in his travels and his travels? Where did it get those currencies when the need for treatment abroad as a result of the inability of the Iraqi medical and health institutions for treatment of many diseases? Where did it get those currencies when needed for any purpose? ..
why he has to buy the dollar from companies and banking offices which are subject to fluctuation of the market and the instability is forced to pay additional amounts to the advertised price formally may sometimes up to 10% Do these companies and offices controls for buying and selling currencies or is it loose are subject to market fluctuations and the principle of supply and demand .. If the Iraqi Central Bank monetary and fiscal state policy orderly sell those currencies to the government and private banks Is his role in the sale of currency ends, according to the amounts it deems appropriate or whether its oversight role extends beyond so.
ten thousand and office banking company got a license to work in buying and selling currencies, and perhaps no unauthorized companies equivalent to that number, and others are working as brokers or intermediaries or Dalalan or traders (trunk) for trading millions of dollars and made available to the needy her but at a price higher than the official price (b 200-300) yarns.
This bypass them and fictitious companies feed on the differences in buying and selling currencies, so it is seeking to sometimes speculation in the buying and selling according to demand and making available its capital, and often contribute to the creation of crisis, and the citizen confused between this that, do not get on the need at the official rate, which obliges them to turn black market, which some like to call it (free market) sometimes.
The banks give travelers need of currencies after obtaining a visa as a sign of the actual need for those currencies .. but that is completely disrupted, even delegates government have been deprived of this procedure is forcing them to go down to the market for the acquisition Maihtajonh of currencies when dispatched for any purpose.
proposal put forward for the delivery of the employees' salaries in dollars were turned down by the economic adviser to Mr. Prime Minister, according to what indicated by the local press, and with that the reason did not mention, however, The proposal was not welcomed for reasons we do not know while on the face of investigating Mnftin:
First: flooding the market currencies and improving the dinar exchange rate,
and the second employee of the exchange rate difference to improve his standard of living, which greatly influenced the result of the austerity policy of the state benefit, because of lower oil prices and reduced the budget. the size of
the Iraqi Central Bank had announced that sales of the dollar amounted to more 18 billion dollars during the first half of 2015, indicating that the volume of sales has dropped from what it was in 2014 at the time amounted to sales of more than $ 25 billion. . Bank tried to address the high prices of currencies in the local market to pump more than the dollar, reaching the Iraqi dinar exchange rate in late June, and the beginning of July to 148 thousand Iraqi dinars, compared to the 100 million US dollars, an indicator did not reach him, the level of the dinar exchange rate since at least two years. And actually it succeeded in doing so where has led to high Advertised price to 124 thousand dinars. But this price was not fixed but moving as during these days ranged between 125-126 thousand dinars compared to the $ 100.
puzzling is still the citizen damage, and have to pay more in order to receive his need of the dollar for any purpose, and there is no any official port meets the need , but that the banks branches in Baghdad airport refrain from providing travelers dollar, currencies FINE go? And where the right of the citizen? Is that the Iraqi mind is incapable of organizing these cash effectively, leaving them loose Taatlatmha the winds of change and the movement of the market and conflicting tricks.

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by fonz1951 Sun 19 Jul 2015, 1:12 pm

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Post n°11

Re: Albulad..stoh concerns of the dollar!

by fonz1951 Sun 19 Jul 2015, 1:12 pm

Lobo wrote:They have to do something - the banks have no liquidity - people will be thinking very bad thoughts which could erupt into civil riots if the CBI doesn't revalue the dinar.

i would think so. i feel like people would be way less likely to go around blowing things up if they had a real and viable currency that was worth more than toilet paper.

by Lobo Sun 19 Jul 2015, 1:28 pm

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Post n°12

Re: Albulad..stoh concerns of the dollar!

by Lobo Sun 19 Jul 2015, 1:28 pm

Exactly, after WW 2 in Germany, while the powers that be were putting that country "back on track" and before they gave them a currency worth something - the same thing was happening, once the new currency was issued, the "backlash of riots, etc." ended, jobs were starting to become available and everyone settled down to a family way of life. It will happen in Iraq as well.