2013/05/13 (23: 01 pm)
The Parliamentary Commission of economy demands a high dollar exchange rate
Baghdad/range
Student
member of the Parliamentary Committee on the economy and investment
block MP Abdul Hussain abtan, citizen Monday, all the competent
authorities to take swift action to stop the rise of the dollar.
Abtan
said at a press conference held in the Parliament building that "the
high exchange rate of the dollar against the Iraqi dinar during the
current period, taking the burden on citizens, particularly low-income,
because most of what exists in our imported goods."
Abtan said
that "the dollar exchange rate was in 2006 (1160) was the cash reserve
(10) billion dollars and said the cash reserve of hard currency (74)
billion dollars and the Government exchange rate to the dollar less than
(1190), and in some market (1300)" returned "a serious indication of
the deterioration of the economy and cause more trouble for good
income."
He called the Central Bank "abtan reconsider its
policy", saying he "cannot remain deaf ear and closed eye on the
constant rise of the dollar at the time of the export of Iraqi oil, 3
million barrels of annual revenues close to $ 120 billion.
For
his part called on first vice speaker of Parliament Qusay Al-Suhail
Iraqi Central Bank to address the fluctuating dinar exchange rate
against the US dollar and the detection of the causes behind it.
According
to a statement issued by the last meeting of the Finance Committee at
its headquarters in the presence of Central Bank Governor Abdel Basset
Turki, the Chairman of the Committee and its members. "
By
Suhail stressed "the need to identify actions and things to taken by the
Central Bank to address the fluctuating dinar exchange rate against the
dollar," stressing "the importance of knowing the real reasons which
led to this oscillation that negatively affects a person's life."
The
statement added that "the Central Bank Governor by attending a policy
review of the World Bank during the past period, particularly in
relation to the auction, the Central Bank and the procedures established
by the Bank's management to eliminate volatility in exchange rates".
"All
the members of the Committee expressed their suggestions and
recommendations regarding developments in the auction sale and the
method and manner of the dollar", stressing the "need to adopt ways to
prevent exploitation of some of the Iraqi people's money traders to
Central Bank auction."
[You must be registered and logged in to see this link.]
The Parliamentary Commission of economy demands a high dollar exchange rate
Baghdad/range
Student
member of the Parliamentary Committee on the economy and investment
block MP Abdul Hussain abtan, citizen Monday, all the competent
authorities to take swift action to stop the rise of the dollar.
Abtan
said at a press conference held in the Parliament building that "the
high exchange rate of the dollar against the Iraqi dinar during the
current period, taking the burden on citizens, particularly low-income,
because most of what exists in our imported goods."
Abtan said
that "the dollar exchange rate was in 2006 (1160) was the cash reserve
(10) billion dollars and said the cash reserve of hard currency (74)
billion dollars and the Government exchange rate to the dollar less than
(1190), and in some market (1300)" returned "a serious indication of
the deterioration of the economy and cause more trouble for good
income."
He called the Central Bank "abtan reconsider its
policy", saying he "cannot remain deaf ear and closed eye on the
constant rise of the dollar at the time of the export of Iraqi oil, 3
million barrels of annual revenues close to $ 120 billion.
For
his part called on first vice speaker of Parliament Qusay Al-Suhail
Iraqi Central Bank to address the fluctuating dinar exchange rate
against the US dollar and the detection of the causes behind it.
According
to a statement issued by the last meeting of the Finance Committee at
its headquarters in the presence of Central Bank Governor Abdel Basset
Turki, the Chairman of the Committee and its members. "
By
Suhail stressed "the need to identify actions and things to taken by the
Central Bank to address the fluctuating dinar exchange rate against the
dollar," stressing "the importance of knowing the real reasons which
led to this oscillation that negatively affects a person's life."
The
statement added that "the Central Bank Governor by attending a policy
review of the World Bank during the past period, particularly in
relation to the auction, the Central Bank and the procedures established
by the Bank's management to eliminate volatility in exchange rates".
"All
the members of the Committee expressed their suggestions and
recommendations regarding developments in the auction sale and the
method and manner of the dollar", stressing the "need to adopt ways to
prevent exploitation of some of the Iraqi people's money traders to
Central Bank auction."
[You must be registered and logged in to see this link.]
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