Central Bank denies reduction rate of the dinar

by **wciappetta** Wed 23 Dec 2015, 2:59 pm

wciappetta: NNP TEAM; Posts : 5321
Join date : 2012-12-20

Post n°1

Central Bank denies reduction rate of the dinar

by wciappetta Wed 23 Dec 2015, 2:59 pm

[You must be registered and logged in to see this link.]

[You must be registered and logged in to see this link.]

Author: ASJ, HH
Editor: BK, HH 2015/12/23 12:27 Number of Views: 138

Long-Presse / Baghdad

Counting specialists, economists and businessmen, on Wednesday, that the reduction in value of the dinar against the dollar "error" involves "serious repercussions middle and poor layers", in the absence of industry or agriculture and national "real" able to meet the needs of the citizens, as the central bank denied the existence of intention to reduce the value of the dinar, the Parliamentary Finance Committee stressed the need to support the private sector about my grandfather and to allow him to be able to contribute to the revitalization of the national economy.

Specialize: reduce the dinar against the dollar exacerbates the suffering of the poor

He says economic reform Institute adviser Ahmed al-Husseini, in an interview to the (long-Presse), "The devaluation of the dinar against the dollar error involves a very serious implications," noting that it "leads to inflation, especially in light of the austerity experienced by the state and reduced salaries."

He adds Husseini, that "the thrust of such a procedure requires the presence of the production of goods and services to be covered, and not, as is the case in Iraq, where almost are imported everything," adding that "the central bank went to lift the dollar exchange rate, would hurt the middle class and exacerbate the suffering of the poor more, it requires the central bank to pay attention to the consequences of that. "

In turn, says a member of the Union of Entrepreneurs Muhannad Sabri, in an interview to the (long-Presse), said that there is "confusion in the political decisions of the government reflected negatively on the economic reality," she returned to "prosthetic solutions do not benefit the Iraqi economy and the government must find a radical solution unilateral economy It depends almost entirely about oil. "

Sabri explains, that "Iraq is a sorry state of dependence on oil", calling for the need to "revitalize agriculture, industry, tourism and other important sectors to diversify national income resources."

And see a member of the Union of Entrepreneurs, to "raise the value of the dinar certainly will reflect negatively on the commercial reality where would lead to an unequal equation as a result of the abundance of the dinar against the dollar a few, most of the country in business dealings in dollars, and imports almost everything."

Sabri asserts, that "the decision to reduce the value of the dinar will be correct only if a real production and national industry obviates the importer and meets the need of the citizens were available."

Central Bank denies reduction rate of the dinar

According to a source at the Central Bank in an interview to the (long-Presse) that "the selling price of the dollar has not changed and is still the equivalent of thousand and 166 dinars," noting that "the Board of the Central Bank's management met a few days ago has not been included on its adjusted sale price of the dollar against the dinar's agenda,

but I did not think so at all. "

Adds the source, who asked not to be named, said: "The central bank is always trying to find solutions that support the Iraqi dinar and maintain stability."

Parliamentary Finance: no alternative to stimulate the private sector

He says the Finance Committee decision in the House of Representatives Ahmed Hama Rasheed, said in an interview to the (long-Presse), "The central bank's mission is to maintain the dinar and support, and he has to be a level that," stressing that there is "a lot of initiatives and plans that have been developed on the shelves of the Ministry Planning without activated ".

Rashid and stresses the need to "support the private sector about my grandfather and to allow him to be able to stand up and contribute to the revitalization of the national economy."

The local media recently picked up the intention of the central bank cut the value of the dinar against the dollar, unexpected lift to sell dollars to banks and exchange companies rate, by 16 dinars, an increase of 1.37 percent, for a price sell thousand and 182 dinars instead of thousand and 116 dinars.

[You must be registered and logged in to see this link.]

_________________

Even to your old age, I will be the same and I will bear you up when you turn gray.

I have made you, and I will carry you; I will sustain you and deliver you. -Isaiah 46:4