Economic parliamentary: the central bank is unable to control the exchange rate of the dollar

Economic parliamentary: the central bank is unable to control the exchange rate of the dollar

 


18.06.2013 | (Voice of Iraq) - Add a comment -

 

(Special) ... Ezzat Economic Commission parliamentary reasons fluctuating exchange rate of the dollar against the Iraqi dinar to the political situation in the country, and the policy of the central bank and its inability to control the exchange rate.
explained committee member Rep. Nora Bijari in a statement to the Central Council of the Patriotic Union of Kurdistan (PUKcc.org), that high fluctuation of the dollar against the dinar has several reasons, related to the policy of the central bank and the changes that took place in his administration, in addition to the political crisis and the political situation as a whole in the country, as well as the regional situation, particularly the situation in Syria and Iran, and noted Rep. Bijari to the existence of smuggling currency out of the country , stressing that these factors greatly affect the exchange rate.
criticized Rep. Bijari inability of the central bank to control the exchange rate, vinegar making plans, noting that some banks civil conflict at the dollar and trying to smuggle it abroad through Syria and Iran.
drew Bijari that Central Bank of a special policy to maintain a stable exchange rate, confirming that the bank is unable to control price volatility, criticizing received President of the Office of Financial Supervision Abdel Basset Turki, the governor of the central bank and the agency, noting that the work positions are contrary to and affect the performance, considering it as an imbalance affects the work of the central bank.
confirmed the MP that the Economic Commission following the situation and conduct meetings on an ongoing basis with the governor of the central bank and economic officials, and receive reports on a regular basis about the situation.
and the normal price of the dollar against the U.S. dollar, explained Rep. الجباري that the political and economic situation in Iraq wobbling and can not be determine the exact figure for the exchange rate, noting that the fluctuation of the exchange rate does not affect the country's budget as it raises the fear or anxiety, pointing out that the budget tied to oil and oil calculated at world prices in dollars, and thus will not have to fluctuating exchange rate against the Iraqi dinar little effect.



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