18-05-2013 12:38 PM Western News
- Iraq Times
As previously we pointed out two days ago based on confidential information that reached us about the Dawa Party, to lift the dollar in order to compensate for his loss in the election campaign for the provincial councils, confirmed the decision of the Committee on the economy and investment in the House of Representatives Mahma Khalil that the confusion that occurs in the low exchange rate of the Iraqi dinar against the dollar his close relationship to the policy of the central bank and the location of the province '.
Where everyone knows that Nuri al-Maliki was able to acquire the central bank and the house of the Iraqi capital, over the sacking of Dr. Shabibi known for his integrity, because he refused to openly enter the Dawa Party, the Central Bank.
The expected decision of the Committee on the economy and investment in the Chamber of Deputies, the continuation of the low exchange rate of the Iraqi dinar against the U.S. dollar, stressing the low value of the Iraqi dinar gradually during the past few weeks for the price of one U.S. dollar to about 1129 dinars after it had been stable for 1120, which is the highest rate up rate mechanism exchange over the past two years.
He said Khalil that the new governor is the background of a digital pure and follow-up financial only, and does not have any strategy and clear to keep the Iraqi dinar exchange rate, considering that this new governor implements government directives more than implement directives House of Representatives, and the reputation of the central bank was affected as a result of interventions the last of the government, as well as Iraqi political climate today atmosphere became tense and unstable environment overshadowed all areas, and the areas most affected by this policy unstable and crisis is the economy and the Iraqi dinar '.
It should be noted that the Finance Committee in the House of Representatives early last month, had revealed the start of the Iraqi Central Bank to take urgent action to preserve the stability of the exchange rate of the Iraqi dinar against the dollar by increasing outlets selling hard currency, but the value of the currency has continued to decline.
He says Khalil that 'the central bank failed in its policy, while his duty to maintain the exchange rate of the Iraqi dinar', considering 'reforms carried out by the bank is not reform strategy drastic, so we expect that there is a decline last of the Iraqi dinar against the U.S. dollar as a result of these factors and this circumstances'.
The Rapporteur pointed out that the 'goods enter the country in large quantities and the dollar, and this is what the impact on the income of the Iraqi citizens, and that attempts by the bank to inject the dollar by some outlets is an improper, adding that the Iraqi dinar today covered in hard currency and the balance sovereign arrived $ 74 billion, and may not be to increase the money supply of the state of 33 trillion dinars, adding that the right of the Iraqi citizen that replaces the dinar to the dollar but the central bank's policy is a failed policy, and today there are shops banking and all these funds and currencies go into the pockets of others, and daily lose public money, and the Iraqi citizens as a result of this policy more than $ 40 million.
Mahma Khalil revealed that the official exchange rate for the dollar at the central bank is 1166 and there are 13 dinars commission to the bank, it becomes a figure in 1179 dinars per dollar, while in the Iraqi market local exceeded 1300 and this is not permissible, and all these figures and the differences in the exchange rate go into the pockets of brokers and clients and the Giants in the local market of Chirvien and politicians influential, مردفا that the Iraqi trader who is a dealer axial, and deals with a lot of countries, including countries affected by the sanctions internationalist like Iran and Syria so the Iraqi trader binding to the pump and take out the hard currency to deal with this trend.
Rapporteur of the Committee stressed that the dinar was stable during the presence of foreign troops in the country and during the non-interference of the government policy of the central bank, so note there are low and clear and constant exchange rate of the dinar, which is tantamount to identity economic for all Iraqis, مردفا the dinar does not know the quotas, so the total binding to halt this decline in the exchange rate, and the House of Representatives Shortened delinquent government and the central bank failed miserably in the policy of maintaining the exchange rate of the Iraqi dinar.
Mohammed Khalil said that as a result of this political climate shaky in Iraq and instability, had a lot of Iraqi citizens to convert their deposits to the dollar and do not put the banks of Iraq, because the Iraqi environment environment repulsive of hard currency and not attracting them according to the recipe, adding that these factors are all consequences caused by the low Iraqi dinar exchange rate against the U.S. dollar, and the responsibility lies and rests with the Central Bank of Iraq, because the central banks in all countries of the world and its primary function to maintain the exchange rate of the national currency, as well as the Bank of Iraq is committed to the policy of the executive instead of its commitment to the policy of the legislature.
It is worth mentioning that Iraq Times has indicated to leak information on the monitoring of more than one billion dollars from the Dawa Party, and under the supervision of Ahmed Nuri al-Maliki and Iraqi sold in the local market, they are now awaiting the return of the Iraqi dinar rise against the dollar in order to buy back the dollar.
The monitoring of the Dawa Party, according to the information information 3 billion dollars, will win $ 300 million according to the expectations of Ahmed Nuri al-Maliki of the committee in charge of buying and re-selling the dollar.
This committee has formed suspicious of Sheikh Abdul Halim al-Zuhairi, Haider al-Abadi, Sami al-Askari and facades of economic Dawa party in each of the Abdullah Auaz-Jubouri and Essam al-Asadi.
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