A government source reveals to take action to reduce the dollar exchange rate against the dinar--6/16/2015

by **MidnightRider** Tue Jun 16, 2015 8:07 pm

A government source revealed on Tuesday to take "several" measures to reduce the price of the dollar against the Iraqi dinar, as he pointed to the existence of speculation by some led to the creation of a state of confusion in the market and raise the price of the dollar is "inadvertent."

The source said in an interview with Alsumaria's News, said he was "taken several measures to reduce the price of the dollar against the Iraqi dinar," noting that "among the measures to increase the Iraqi Central Bank sales, especially in the area of remittances, as well as double Asdarriet Bank in this aspect."

The source, who asked not to be named, that he "will also open ports in government banks to sell the dollar for delegates humanitarian cases, there are other measures taken by the Central Bank will contribute to the provision of the dollar," pointing to "the existence of speculations made by some led to the creation of a state of confusion in the market and contributed to raising the price of the dollar against the Iraqi dinar is unintentional. "

The source explained, "The government and other institutions and in spite of pressures as a result of the decline in oil revenues, has worked quietly over the past months to ensure receipt of the dollar put importers at the official rate by remittances for mechanisms to prevent rising prices and protect the poor."

He said he "is for traders and importers sell the dollar at the official rate, and this ensures that the high prices," noting that "this speech confirms that 90 percent of dollar sales by the Central Bank of Iraq is of remittances and only 10 percent of the cash sale."

He was a member of the Finance Committee in Parliament MP Masood Haider attributed, on Tuesday, the reason for the high dollar selling prices to a range reasons including manipulation "mafias banks" backed by "influential politicians" prices, while pointing out that the Iraqi Central Bank currently spend more than $ 100 million a day .

The dollar price in the domestic market in front of the Iraqi dinar gradually to reach more than 1,400 dinars to the dollar, compared to 1225 thousand dinars to the dollar in February and 1,200 dinars to the dollar by the end of last year.

http://translate.goo...v/news/137357/-

by **Ponee** Wed Jun 17, 2015 10:35 am

Thanks Midnight Rider ! I had tried to post this this other day and lost internet while sending. We have had storms for days here and it has made my internet use very intermittent and limited. By the time I got back on, I had forgotten about the article.

A government source reveals to take action to reduce the dollar exchange rate against the dinar--6/16/2015

A government source reveals to take action to reduce the dollar exchange rate against the dinar--6/16/2015

Re: A government source reveals to take action to reduce the dollar exchange rate against the dinar--6/16/2015