Saleh says that there is a deficit in the balance of payments of the Iraqi

by **Ponee** Mon Apr 27, 2015 10:15 am

Baghdad / Iraq News Network attributed the Economic Adviser to the Prime Minister the appearance of Mohammed Saleh rise in dollar prices in the domestic market, the central bank to restrict the sale in limited quantities, according to the text of the law in favor of the budget 2015.oukal: "The unsold amounts of hard currency and the US dollar from the bank Central if they meet the demand for the dollar rose because the bank is restricted financial budget law to sell the amount of $ 75 million and can not these quantities exceeded. "He explained,"

There is a deficit in the balance of the Iraqi payments and we export our exports of oil to the dollar offset by the continuing high demand for import goods and services from bought in hard currency, and this depletes the foreign currency. "He pointed in favor of that" companies to buy dollars from the central bank at Cheap No reserve price reflects the economic situation as well as the official dollar exchange rate does not reflect the state of the economy and thus the gap get in the exchange rate. "He said that "The solution my personal opinion, be a formal reduction of the dinar and takes reasonable price have the ability to control the levels of liquidity larger because the current value of the dinar price versus Aldlar to Aahakq it." and that "the dollar selling at a high price will pull dinars more and thus the control of the application meant to rate The last we mean here the goods and services financed in foreign currency, ".oishd dollar price in the domestic market, a remarkable increase saluting exceed by more than 5 to 6000 dinars for the central bank rate in the auction Aleoma.otans Article 50 of the Budget Law for 2015 that" the central bank is committed to identifying sales hard currency [dollar] in the daily auction ceiling does not exceed $ 75 million a day with the exercise of justice in the sales process, and calls for participating in the auction the bank providing the introduction of cargo documents and statements of tax settling accounts and input Alkmarki within 30 days from the date of purchase of the amount and otherwise apply to the bank penalties provided in the Central Bank Act or regulations issued it, and use other banking tools to keep the power of the dinar against the dollar. SOURCE