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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The rise in the dollar to affect dealers succeeds economically crippling market stagnation

    Hkp1
    Hkp1
    Hkp1
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    Posts : 3118
    Join date : 2012-12-19
    • Post n°1

    The rise in the dollar to affect dealers succeeds economically crippling market stagnation Empty The rise in the dollar to affect dealers succeeds economically crippling market stagnation

    Post by Hkp1 Sun 12 May 2013, 2:26 am

    2013/05/11

    The rise in the dollar to affect dealers succeeds economically crippling market stagnation



    Baghdad/Bayou Eggplant and Adel saffar

    Local
    markets recently saw economic stagnation coincided with the continued
    rise in the dollar and shopkeepers on the dissatisfaction with the
    currency fluctuations, stressing that this fluctuation was overshadowed
    by smooth on the market.

    Salman says his company is banking to
    Steve, "the volatile dinar exchange rate against other currencies to
    make it flow a little ' market and trader of the process of buying and
    selling", pointing out that the political decision at this time became
    the controlling the economy particularly in the dinar exchange rate.


    For
    his part, refers teammate Safaa Hashim to the high exchange rate of the
    dollar and the decline does not serve the holders of banking companies
    market their work differs from small We buy large dollar morning and
    sell in the afternoon between these watches find there are few volatile
    prices.

    He
    said Hashim in an interview (range) that the heavy demand for food in
    this period contributed to this التخلخل in the estimates of the Central
    Bank of proportion Seen dollar in the Iraqi market.

    To the reduced
    Mohammed Attar, owner of sand for the banking and financial transfer of
    the importance of the impact of price fluctuations on the deterioration
    of work
    in banking offices because large companies depend directly on the staff
    of the private sector companies deployed in the capital, which depends
    paid in dollars instead of the dinar.

    He
    adds Attar (range) I do not think the rise of the dollar against the
    Iraqi dinar affects the buying and selling rate, especially that banking
    companies linked to government and banks have ratios of the value of
    the dollar that goes to the bank. Shows that "some small banking companies working wage or daily interest because he does not know at tomorrow."

    He
    asked Falah Hassan owner markets peace commercial what is going on from
    the recession in the economy and a decline in the local currency with a
    scarcity of certain materials needed by the citizens. Says in his
    speech to the "Iraq is a country rich in wealth and issued a lot of oil,
    why go down our currency whereas countries such as Jordan where there
    are no riches and a strong currency and maintain stability. "

    "What
    makes Tiger today did not exist at the time of the previous Bank
    Governor Sinan Al-Shabibi, there was movement in the market and
    stabilize the local currency. The State control on currency in
    accordance with the policy which is trouble for citizens and merchants
    together under the rising dollar and falling local currency.

    "There are products we buy them in dinars and now refuse to sell US dollar as the only products.

    In
    the meantime the market researcher says Salem Al-Bayati "supports the
    evolution and movement of markets based on economic stability in the
    country with an economic policy and financial policy governing the
    movement of sectors.

    Adds to the range "with the unstable
    security situation in the presence of an integrated policy and without
    activating the services sectors, particularly agriculture and industry,
    the country's economy are often exposed to a lot of problems and
    challenges and weaknesses in the market accompanied by fluctuations in
    the dollar", "the absence of a local producer markets will confuse the
    economic scene is the purchasing power," indicating that the dollar's
    rise is the result of the lack of a policy where the emergence of money
    laundering.

    Economics professor finds tributary Noman hands
    control the exchange rate and give an opportunity for dealers to
    manipulation. In an interview, said the range: the problems faced by the
    Central Bank recently affected the stability of the exchange rate,
    noting that many applicants in the State concerned had a hand in
    controlling the exchange rates which gave an opportunity for
    manipulation by dealers in buying and selling dollars to control the
    exchange rate. Asserting that this topic will remain valid if no orderly
    market and official exchange offices in Baghdad and other provinces
    with a security control.

    MP Kazem said shammari, spokesman white
    block earlier that international reports confirm that Iraq has none of
    the huge budget for this year, but no certificate revenue from oil sales
    to the Development Fund for Iraq of the International Monetary Fund.

    Sharifi
    said in a statement quoted in "the economy of Iraq suffering from sharp
    fluctuations in the exchange rate of the Iraqi dinar has lost about $ 3
    billion in just two months last year. Noting that some quarters in the
    Iraqi Government seeks to benefit from surplus oil revenues to maximize
    their assets abroad while the Finance Committee has confirmed it will
    host Governor of the Central Bank agency to discuss the ramifications of
    the high exchange rate and identify its causes.

    The Committee
    Member said Secretary Hadi (sourcing Centre for the Iraqi media network)
    that the Finance Committee will add Central Bank Governor Abdel Basset
    Turki Agency to find out the causes of the high exchange rate compared
    to the past few months which has seen stable. "

    He said Hadi that "initial indications of the reasons that led to the high exchange rate of the dollar against the Iraqi dinar back to the non-arrival of hard currency to the beneficiaries and the control of some private banks to large amounts of the currency."

    Between Hadi that "the solution to the problem of high exchange rate is the adoption of a mechanism of bankCentral ensure the spread of hard currency in all areas to be available and therefore can not be for banks civil exploited and raise its value against the Iraqi dinar.

    "and threatened to the Truth parliamentary sales of the Iraqi Central Bank last month by resorting to the parties competent international fight against money laundering to track the money that was in the Development Fund for Iraqsince 2003 to 2012 if it does not give the Iraqi Central Bank Commission full information.

    witnessing the Iraqi market at the present time a significant increase in the exchange rate of the dollar against الدينارالعراقي reached in some cases to more of 1227 dinars to the dollar after it had been stable for 1120, the highest rate up to him exchange rate during the past two years.


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