Deputies and bank manager and economic analyst reveal Khvaya depreciation of the dinar against the d

Deputies and bank manager and economic analyst reveal Khvaya depreciation of the dinar against the dollar



Baghdad: said committee member Economic parliamentary deputy Abdul Hussain Abtan, that the problem of deteriorating Iraqi dinar exchange rate against the dollar due to reasons, including: the lack of economic vision and clear for the country in general, and the lack of a reference head of the file Iraqi economic, and the absence of economic plans, and the absence of independence Over the CBI and keep some officials at the positions, either it fifth and final and most important, is that the brothers in the central bank tend to keep reserve currency more than their interest in strengthening the Iraqi dinar so that reserves at the central bank up to $ 70 billion.

And threw Abtan in his speech (Orient) blamed the administration's central bank because the agency responsible for the dinar exchange rate, and that all measures taken by the central bank and the government proceedings were not rise to the level required befitting the national economy, which weakened in general because of some political practices.

At the same level confirmed a member of the parliamentary Finance Committee Hassan al-Bayati, the deterioration of the exchange rate of the dinar caused by constant pressure on the central bank, which was forced to succumb to these pressures coming from some politicians.

He added in his speech for the (East) "Now there is a vast difference between the sale price between the central bank and the sale of other commercial banks, and must put an end to this phenomenon."
The al-Bayati said the job of the central bank, financial market regulation, and his powers to impose fines and the withdrawal of some banks agencies offense.

In the same context attributed the Director-General of the Trade Bank of Iraq Hamdiya dry, the reasons for the deterioration of the exchange rate of the dinar to market speculation, banks and some banking companies and banks, as well as some administrative procedures and routine loops.

She said in her speech for (East) "I think if he could the Iraqi economy to control these speculations and money transfers sound manner and through their official without restrictions obstructive we can address the problem of falling currency of Iraq." And accused dry some banks civil deal piracy of Finance through the exploitation of the $ 5000 given to citizens to take advantage of them while traveling. expressing regret for this method greedy and try to circumvent the law in ways that scam various Ki deprive citizens of this amount. She said the central bank is currently managed by the new serious measures valid for the dollar in all business dealings by peaceful means To reduce the high exchange rate of the dollar but these measures should be handled transparently so that the responsible parties, any central bank and Iraqi banks in the application of these measures.

The Iraqi economic analyst Habib Hassan , said the dinar exchange rate is affected by the political situation since the turbulent political situation had a significant effect in the general economic situation of the country. The student in his statement (Orient) that the central bank imposes a sales price of private banks; because private banks monopoly on the dollar and sell them at a price that you want. In addition to demanding deterrent measures to curb the rise in the dollar exchange rate. He ruled out an economic analyst to be the central bank deterrent plan to put an end to the high exchange rate of the dollar at the present time; because the general situation of the country is not conducive to the development of laws in the current situation.

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Thanks Rocky