[You must be registered and logged in to see this link.]
05/04/2016
BAGHDAD / JD / .. in light of the political, security and economic crises that the country is currently taking place to make there are concerns by experts and specialists from the continued rise in the dollar's exchange rate against the dinar, which exceeded its price is more than 1,300 dinars to the dollar, and it seems that the central bank has lost control on the exchange rate because of the lack of fiscal revenue in light of the increased demand to buy the dollar in the market.
Experts believe a lot of the owners of the money and traders heads began to convert their money into dollars because of what witnessed by the country's unrest on political and security level and even economic making the demand is increasing exponentially on the dollar in the market, generating a large gap between supply and demand for the dollar.
The central bank daily to sell large amounts of dollars in the auction, but this amount is insufficient to meet the demands of the market is what made the price is growing daily, and experts likely to remain high and the dollar exchange rate was up to 1,500 dinars during the next few days in the absence of Joe fast processors by central bank.
He says economic expert on behalf of al-Tamimi, said there are several factors led to the rise in the dollar's exchange rate against the dinar, including the political crisis experienced by the country and the circumstances and the security threats Daash terrorist as well as lower the whole oil prices have made, there is an increasing demand for the dollar in the domestic market, which led to strong dollar gradually and that may make the central bank loses control over the preservation of the original price of the dollar against the dinar.
He said al-Tamimi told / KD / that there are speculators are trying to exploit the scarcity of the dollar in the country through the monopoly of the currency, while noting the need not to sell Ata in bulk by the central bank, noting that the price of the dollar depends on supply and demand and the more decreases supply and increases demand rising dollar .
He stressed that the central bank reduced in recent sales of the dollar in half and got scarce in this currency, indicating that speculators are trying to exploit this process through the monopoly of the dollar, we must to Aaba dollar in bulk, but is sold in a particular Import Alert program.
He said the method of selling by the central bank limits the procurement process for people limited, pointing out that in the face of rising dollar prices against the Iraqi dinar and Iraq's need for foreign goods to pay the high prices in the domestic market, which adversely affects the poor and generates inflation in the country.
For its part, ruled out of the economic and investment commission in Parliament, losing control of the dollar exchange rate against the dinar by the central bank, indicating that the exchange rate is subject to supply and demand and the central bank fixed the mechanisms of dollar selling.
A member of the committee MP Abdul Salam al-Maliki told / KD / The government has committed the central bank in the budget of 2016 to sell the dollar a day to $ 75 million in the auction, but because of the objection bank's Federal Court unleashed the central bank sold the dollar according to certain mechanisms determined by supply and demand.
He added that the dollar started the day is influenced by the political situation whenever there is a crisis whenever some parties pay towards the lifting of dollar selling, especially in state-owned companies and banks that are trying to buy the dollar and sell it to the citizen through banking outlets companies, in addition to the issue of dealing controlled selling by the central bank 100% because of the economic committee in Parliament agreed with the central bank that the mechanics of selling the dollar to be in accordance with the state cover and not according to banks and banking lid so that it can control the rising price of the dollar, considering that the state would inject an extra number of dollars to be in the market to control, but the current political circumstances and problems dropped Bdilalha on the subject of sales in dollars.
He stressed that there are successive malfunction due to some events and emergency conditions that made some traders take advantage of this matter in order to raise the price of the dollar, stressing that it does not claim to fear because the central bank has a specific sale mechanisms in addition to the existence of the regulatory agencies in the state as police combat economic crime or Alrakabah appliances other financial.
He ruled out the continued high price of the dollar, stressing that the price will return to 1230 dinars to the dollar. / [You must be registered and logged in to see this link.] /
[You must be registered and logged in to see this link.]
Today at 7:02 am by Rocky
» Parliamentary Finance: Amending the Federal Budget Opens the Way to Change Ineffective Paragraphs
Today at 7:00 am by Rocky
» utube 11/23/24 MM&C Reporting-Expectations are High-IMF-Flexible Exchange Rate Regime-Pr
Today at 6:56 am by Rocky
» utube 11/26/24 MM&C MM&C Iraq News-Central Bank Iraq-Monetary Stability Excellent-Budget Law 2023,
Today at 6:56 am by Rocky
» utube 11/27/24 MM&C The National Union explains the reasons for not legislating the oil and gas
Today at 6:55 am by Rocky
» Mr. Al-Hakim: Oil dependence is an economic problem for Iraq, and decentralization is a guarantee of
Today at 6:53 am by Rocky
» Al-Ziyadi: Amending the Investment Law and the Central Bank’s Interaction Guarantee the Success of t
Today at 6:51 am by Rocky
» Iraq signs Mecca agreement to enhance cooperation in combating corruption and recovering its proceed
Today at 6:50 am by Rocky
» Rights Center: 2024 Census Will Not Change Number of House of Representatives Seats.. Explains Why
Today at 6:49 am by Rocky
» Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Ku
Today at 6:47 am by Rocky
» Will Iraq take the adventure of joining BRICS despite American risks?
Today at 6:44 am by Rocky
» MP: Former Oil Minister Blackmailed Main Suspect in Stealing the Century
Today at 6:43 am by Rocky
» Negative impact on the legislation of laws.. Popular movement criticizes the weak performance of the
Today at 6:40 am by Rocky
» Al-Maliki Coalition: Most blocs support amending the electoral law
Today at 6:39 am by Rocky
» The National Union explains the reasons for not legislating the oil and gas law
Today at 5:13 am by Rocky
» Iraq signs two memoranda of understanding with the Arab Tourism Organization
Today at 5:12 am by Rocky
» Parliamentary Committee: Granting investment licenses reduces housing unit prices
Today at 5:11 am by Rocky
» Parliamentary Finance: Amending the budget law will allow for changing useless paragraphs and items
Today at 5:10 am by Rocky
» MP reveals latest developments in Personal Status Law
Today at 5:09 am by Rocky
» Salary scale pushes towards hosting Al-Sudani inside the parliament dome
Today at 5:08 am by Rocky
» Intensive meetings with British BP to develop Kirkuk fields
Today at 5:05 am by Rocky
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
Today at 5:04 am by Rocky
» Parliamentary Energy: Iraq continues its efforts to diversify gas supply sources
Today at 5:03 am by Rocky
» What is Iraq's connection? Goldman Sachs: OPEC+ cuts may support oil in the short term
Today at 5:01 am by Rocky
» New understandings between Baghdad and Erbil to export oil via Turkish Ceyhan
Today at 5:01 am by Rocky
» Minister of Communications: We will deal with the global parent company Vodafone, not its branch in
Today at 5:00 am by Rocky
» "Pessimism" about Trump's arrival to the US presidency.. Will it affect the Iraqi economy?
Today at 4:59 am by Rocky
» Iraq is the fourth largest Arab country and the 51st largest in the world in the list of the world's
Today at 4:58 am by Rocky
» Parliamentary criticism follows granting Vodafone the national mobile phone license
Today at 4:57 am by Rocky
» Oil Markets: OPEC+ Plans to Increase Production, Trump's Promises Spark Controversy
Today at 4:56 am by Rocky
» Natural barriers to stop desertification in the country
Today at 4:54 am by Rocky
» Parliament Legality to Al-Sabah: Extending the Legislative Session Aims to Pass Important Laws
Today at 4:53 am by Rocky
» The Council of Ministers takes 19 important decisions
Today at 4:52 am by Rocky
» Al-Sudani: We succeeded in sparing Iraq the consequences of conflicts
Today at 4:51 am by Rocky
» 20 schools with international standards in Babylon
Today at 4:49 am by Rocky
» Transport to {Sabah}: One million passengers on board the Green Bird in 4 months
Today at 4:48 am by Rocky
» Agriculture to {Sabah}: Strategic work programs to stop desertification in the country
Today at 4:47 am by Rocky
» Food Basket: Improved Quality, Delayed Distribution
Today at 4:46 am by Rocky
» Parliament extends its term and ends reading of three laws
Today at 4:45 am by Rocky
» Great government achievements.. Model school buildings project
Today at 4:44 am by Rocky
» Parliamentary meeting to discuss four important oil files
Today at 4:41 am by Rocky
» Parliamentary Committee: We support amending the budget law and we submitted a request to add a new
Today at 4:40 am by Rocky
» Al-Sudani stresses the importance of relations between Iraq and Kuwait and the government's efforts
Today at 4:38 am by Rocky
» Al-Sudani leaves Baghdad for Spain on an official visit
Today at 4:37 am by Rocky
» Economist: Non-oil revenues to achieve significant growth in 2024
Today at 4:36 am by Rocky
» Transport signs a consulting contract with an Italian company regarding the first phase of the devel
Today at 4:35 am by Rocky
» Iraqi Exhibitions Announce New Exhibitions Next Month
Today at 4:34 am by Rocky
» Integrity: Iraq signs Mecca Agreement to enhance cooperation in combating corruption
Today at 4:28 am by Rocky
» Despite setting the first session... the talks to form the regional government are at a standstill a
Today at 4:27 am by Rocky
» Speaker of the House of Representatives discusses a number of important national issues with the Pre
Today at 4:25 am by Rocky
» Iraqi oil falls again on third day of trading
Today at 4:24 am by Rocky
» Economist: Iraq has a reliable database and the census does not create development but rather facili
Today at 4:21 am by Rocky
» Decisive moves to propose salary scale amendment under the parliament dome
Today at 4:20 am by Rocky
» To solve the overcrowding crisis, Iraq needs to build 10,000 schools
Today at 4:19 am by Rocky
» 64% of Anbar power plant in Hit completed: A qualitative step to enhance energy
Today at 4:18 am by Rocky
» Minister of Interior: We discussed with the United Kingdom ways of security and intelligence coopera
Today at 4:17 am by Rocky
» The possibility of an Israeli strike on Iraq is increasing.. Will the factions stop the attacks if a
Today at 4:16 am by Rocky
» Halt of Iranian gas supplies threatens operation of power plants in Iraq
Today at 4:15 am by Rocky
» The Presidency of the Region announces: The new parliament will hold its first session on the second
Today at 4:14 am by Rocky
» America: Factions in Iraq expose the country to the risk of instability
Today at 4:12 am by Rocky
» Planning reveals the next step of the census: We will visit these families
Today at 4:11 am by Rocky
» Health: Opening of three new factories to produce various medicines
Today at 4:10 am by Rocky
» Health: Ongoing work to develop and create new specialized centers throughout Iraq
Today at 4:09 am by Rocky
» The House of Representatives completes the first reading of the draft law amending the first three-y
Today at 4:07 am by Rocky
» President of the Republic: The necessity of unifying efforts to establish peace and stability in the
Today at 4:06 am by Rocky
» Al-Mandlawi to Kuwaiti Ambassador: The security of the region is indivisible
Today at 4:05 am by Rocky
» Indian Oil Corporation maintains deal to import Iraqi oil
Today at 4:04 am by Rocky
» Iraq's oil exports exceed 103 million barrels last month
Today at 4:03 am by Rocky
» MP angry over obstruction of defense minister’s interrogation: Files threaten Iraq’s security collap
Today at 4:00 am by Rocky
» Cabinet decisions include those related to “voluntary deduction” and Iraqi airports
Today at 3:58 am by Rocky
» For the first time since 2003, non-oil revenues achieve significant growth during 2024 (tables)
Today at 3:56 am by Rocky
» Find out the dollar prices in the Iraqi markets
Today at 3:55 am by Rocky
» A new suspicion in the railways, its heroes are the “22 billion contract team”.. Signing a contract
Today at 3:54 am by Rocky
» Prime Minister sponsors signing of two memoranda of understanding in the field of tourism
Today at 3:52 am by Rocky
» Parliamentary Finance Committee discusses amending the three-year budget
Yesterday at 6:40 am by Rocky
» "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles
Yesterday at 5:13 am by Rocky
» Increase in foreign remittance sales at the Central Bank of Iraq auction
Yesterday at 5:12 am by Rocky
» Its area is 2.5 million acres, and these are its details.. Work begins on a "large" residential city
Yesterday at 5:09 am by Rocky
» Kurdistan Finance delivers employees' salary schedule to the federal government
Yesterday at 5:08 am by Rocky
» Beggars are sweeping the streets of Iraq.. Their numbers are "large" and 90% of them receive welfare
Yesterday at 5:07 am by Rocky
» Settling tax trust claims
Yesterday at 5:05 am by Rocky
» Launching the National School Health Strategy
Yesterday at 5:04 am by Rocky
» Approval to implement service projects in Babylon
Yesterday at 5:02 am by Rocky
» New container handling berths at ports
Yesterday at 5:02 am by Rocky
» Work: Demand for registration in social security
Yesterday at 5:01 am by Rocky
» Reconstruction: Land Bank to be completed next year
Yesterday at 4:59 am by Rocky
» Aiming to enhance services in schools and prevent diseases, the National School Health Strategy for
Yesterday at 4:58 am by Rocky
» Karmian Festival witnesses the conclusion of commercial and industrial contracts
Yesterday at 4:57 am by Rocky
» Focus on the banking sector
Yesterday at 4:56 am by Rocky
» Minister of Trade: Studies Center is a turning point that serves the Iraqi economy
Yesterday at 4:55 am by Rocky
» Economists: Census is a roadmap for development
Yesterday at 4:54 am by Rocky
» Today's newspapers are interested in Al-Sudani's announcement that the population of Iraq exceeds 45
Yesterday at 4:53 am by Rocky
» International Development Bank: Today's incident was an extortion attempt that did not affect our wo
Yesterday at 4:48 am by Rocky
» thirty-sixth session, chaired by the Minister of Planning
Yesterday at 4:47 am by Rocky
» Closed meeting of the Parliamentary Finance Committee to discuss seven files
Yesterday at 4:46 am by Rocky
» The demographic boom in Iraq: an economic opportunity or a social burden?
Yesterday at 4:44 am by Rocky
» Al-Sudani confirms to Russian delegation Iraq's desire to establish a mechanism that brings mutual b
Yesterday at 4:42 am by Rocky
» Parliament holds its session headed by Al-Mashhadani and attended by 168 MPs
Yesterday at 4:41 am by Rocky
» The Iraqi government deducts 1% of the salaries of employees and retirees to donate to Gaza and Leba
Yesterday at 4:38 am by Rocky