Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate

by **claud39** Thu Nov 26, 2020 9:26 am

November 25, 2020

Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate 127055844_865439177524527_4626342387313098160_o.jpg?_nc_cat=108&ccb=2&_nc_sid=825194&_nc_ohc=TgGvdp2AV3QAX-1j1h5&_nc_ht=scontent-yyz1-1

Former Parliament Speaker Iyad al-Samarrai called for the restructuring of the central bank in line with the structures of international central banks, with the unification of the exchange rate in all banks.

[rtl]"The exchange rate is very important, and any major change in the exchange rate and the float will be a disaster for the economy and its consequences will be complex and the economy will not recover for decades, an example of this is what happened in Jordan, Egypt and many other countries," al-Samarrai said in an article.[/rtl]

[rtl]He pointed out that "gradual change is very important if it is necessary, as the local currency and its stability are among the most important tributaries of the economy's strength."[/rtl]

[rtl]He stressed that "it is necessary first to reform the central bank in line with the structures of global central banks and have a committee of experts who do not interfere in executive matters only and specialize in setting and monitoring policies, and it is not subject to the government and does not interfere in its policies."[/rtl]

[rtl]He also stressed that "the exchange rate must be the same in the banks, as for the black market and the cancellation of exchange companies specialized in taking hard currency from the central bank and selling it in the market and the resulting great corruption."[/rtl]

[rtl]He called for the price to be the same in the bank and at the cashier, "taking into account the sale and purchase commission, canceling the auction of currency sale and making it available to all banks and exchange companies and for legitimate dealings of import and export and the needs of citizens, and it is not a reason for smuggling money, especially the money of corrupt deals."[/rtl]

[rtl]https://mustaqila.com/%D8%A7%D9%84%D8%B3%D8%A7%D9%85%D8%B1%D8%A7%D8%A6%D9%8A-%D9%8A%D8%AF%D8%B9%D9%88-%D8%A7%D9%84%D9%89-%D8%A7%D8%B9%D8%A7%D8%AF%D8%A9-%D8%AA%D8%B4%D9%83%D9%8A%D9%84-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7/?fbclid=IwAR35pu4RxK8fzSL-bDVmJdjhZmuVSKvI9WWOqUZZRJ93R_QurcZjsQEfM2c
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by **claud39** Thu Nov 26, 2020 5:47 pm

[size=33][size=33]MP Al-Darraji calls for the Central Bank to adopt a real price for the Iraqi dinar[/size][/size]

[size=33]2020-11-25
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[size=33] Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate 5fbdc38ab1f20

Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate 5fbdc38ab1f20

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Representative Muhammad Sahib Al-Darraji called on the Central Bank to adopt the real price of the Iraqi dinar, away from the prices offered in the currency auction.

Al-Darraji said in a tweet on his Twitter page, "The central bank must adopt a real price for the dinar, away from violations of the infamous currency selling window."

He also called for "disclosing bills and documentary credits provided by banks in exchange for transferring hard currency abroad and checking its credibility."

Al-Darraji stressed that the bank’s failure to do so is that it “is considered an accomplice in the crime and we will have to resort to legal methods to remedy this defect.”

The window of selling the currency in the central bank faces many criticisms, while leaks stated that a number of banks acquire the amounts that are being traded in the currency auction for the purpose of increasing their profits.

[size=33]http://burathanews.com/arabic/economic/381182[/size]

by **claud39** Thu Nov 26, 2020 6:38 pm

Al-Darraji Demands The Central Bank To Adopt A Real Rate Of The Iraqi Dinar

November 25, 2020

Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate Safe_image.php?d=AQAKqsOxwhYReFky&w=500&h=261&url=https%3A%2F%2Fwww.mustaqila.com%2Fwp-content%2Fuploads%2F%3Fi%3D%2F2020%2F07%2F%D9%85%D8%AD%D9%85%D8%AF-%D8%B5%D8%A7%D8%AD%D8%A8-%D8%A7%D9%84%D8%AF%D8%B1%D8%A7%D8%AC%D9%8A

Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate Safe_image.php?d=AQAKqsOxwhYReFky&w=500&h=261&url=https%3A%2F%2Fwww.mustaqila.com%2Fwp-content%2Fuploads%2F%3Fi%3D%2F2020%2F07%2F%D9%85%D8%AD%D9%85%D8%AF-%D8%B5%D8%A7%D8%AD%D8%A8-%D8%A7%D9%84%D8%AF%D8%B1%D8%A7%D8%AC%D9%8A

Al-Mustaqila .. MP Muhammad Sahib Al-Darraji called on the Central Bank to adopt the real price of the Iraqi dinar, away from the prices offered in the currency auction.

[rtl]Al-Darraji said in a tweet on his Twitter page, Tuesday, "The central bank must adopt a real price for the dinar, away from breaches of the window of selling the notorious currency."[/rtl]
[rtl]He also called for "disclosing bills and documentary credits provided by banks in exchange for transferring hard currency abroad and checking their credibility."[/rtl]

[rtl]Al-Darraji stressed that the bank’s failure to do so is that it “is considered an accomplice in the crime and we will have to resort to legal methods to remedy this defect.”[/rtl]
[rtl]The window of selling the currency in the central bank faces many criticisms, while leaks stated that a number of banks acquire the amounts that are being traded in the currency auction for the purpose of increasing their profits.[/rtl]

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Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate 2020-11-25-00-01-twitter.com_

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