Urgent meetings to curb the deterioration of the value of Iraqi dinar
BAGHDAD: Lao Tamimi, revealed the Finance Committee in the Iraqi parliament for a meeting between the Commission and the CBI and Director General of the State banks to curb the deterioration of the value of Iraqi dinar against foreign currency as well as the development of solutions urgent as what she described as "attack" on the Iraqi economy. was dinar Iraq has declined yesterday to record low against the U.S. dollar when the price of the Iraqi dinar exchange 1290 to the dollar. and expect bankers to see the next few days up at the exchange rate of the Iraqi dinar against the dollar because of the actions taken by the Central Bank.
said committee member Najiba Najib told (UR) The "a meeting held yesterday between the Finance Committee and the Central Bank and general manager of the government banks to discuss the repercussions of the financial crisis and the depreciation of the dinar exchange Iraqi and a study at the Central Bank on how to control the issue of exchange." explained Najib that "there is a strong demand for purchase of foreign currency traders and companies and this is due to that seen in the region, especially Syria and Iran financial sanctions. "
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Najib added that "the Iraqi situation, the unstable political and economic situation of one-sided, which depends on oil and all problems can be overcome by the parameters set by the Central Bank of Iraq." It showed a member of the Finance Committee that "the controls may not prevent the smuggling of currency and there may be an attack or the intention of improperly towards the financial reserve of Iraq." and revealed the answer to "take the central bank controls is to define the amount of funds that are sold or transferred, but there circumvent the issue, Everyone has the transfer of more than 50 thousand dollars must be accompanied by a certificate from the Tax Department and management companies. "
and carries many of the owners of banking companies in Baghdad, the Iraqi Central Bank responsible for the low exchange rate of the Iraqi dinar. The pro-Ihsan Sahab company banking dignity district of Karrada in Baghdad's (Orr) that "the Central Bank of Iraq is responsible for the high exchange rate of the dollar against Iraqi dinar through the measures taken and that have limited or even got to stop the selling of the dollar." He explained that "the majority of companies banking can not buy hard currency from the Central Bank of Iraq because of the complicated procedures developed by the Central Bank and even the measures developed by the contributed to the complexity of the economic situation rather than finding solutions. "
and "We know that there was smuggling of hard currency to Iran, Syria, and the central bank seizure on those who are in the process, not everyone carries responsibility. " reflected the depreciation of the Iraqi dinar negatively on the market in general, as the markets expected to see a clear increase commodity prices. The director of sales markets of Baghdad commercial center of the capital Ahsan Jamil's (UR) that "the prices of goods on the rise daily and therefore, are the aspect ratio on the responsibility of the citizen." He explained that "get the dollar has become difficult and complicated in Iraq and thus increased its value against the Iraqi dinar and this is something negative the reality of the economy. "
and that "all goods increased during the past few days and we expect to see a rise over the coming days that did not find the government immediate solutions for the Mhmlh provide hard currency in the markets." and commensurate amount offered hard currency inversely with the local currency in the markets, the hard currency available was the Iraqi dinar exchange rate is high. The roots of the crisis the Central Bank of Iraq and control the cash flow of hard currency to the measures taken by the bank last month to curb the smuggling of hard currency to neighboring countries. and the international community imposed economic sanctions on Syria and Iran banned under which these two countries of Nafthma export to the West. Orr News