Economic Adviser to Ebadi: Rising simple and ineffective dollar

04/03/2015 11:00


BAGHDAD / Source News / .. Description Prime Minister for Economic Affairs Advisor to the appearance of Mohammed Saleh, rising US dollar exchange rate Balbsat, stressing that the central bank's actions are not the cause of it.

Said Mohammed Saleh, in a press statement I followed Agency / Source News /, that "speculators and owners of banking offices behind the rise in the dollar against the Iraqi dinar, Petroejehm news imprecise about the dollar and tampering with the price of the dinar according to their wishes," stressing that "the rise in foreign currency simple price It is impressive, and will end the demise of economic strain. "

He stressed that "the new central bank action came to fortify the process of selling the dollar and not stop the auction currency final", adding that "the Iraqi dinar completely covered with foreign currency and there is no fear of the weakness of Iraq's reserves of hard currency."

He noted that "the central bank took new decisions to adjust the mechanism of the Iraqi economy by raising the tax value and pricing of customs to achieve economic revenue supportive of the budget and reduce the dollar exchange and not squandered," stressing that "Article 50 of the Budget Law stipulates to reduce the dollar exchange for the passage of Iraq's financial distress in last year and to avoid repetition in the current year. "

And saw the dollar rise is unprecedented arrived / 126 / thousand dinars / 100 / USD, and the owners of banking offices attributed this rise to the new measures and the lack of central bank dollar offer in the local market.


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