Banking companies claim not to exploit the economic situation to win

5/17/2015 0:00

BAGHDAD - Mostafa Hashemi

Called economic researcher Maha Ihsan thanked banking companies and financial conversion to show more humanity towards the public and not to exploit the circumstance that the country is going through and profiting from the crisis at the sale of hard currency.

She thanked in a statement the "morning" that a number of owners of banking companies and financial conversion were exploiting the situation and seize the opportunities to realize gains on the expense of the citizen in need to buy dollars to stroll things Awaldrash treatment abroad.

And saw the need for the central bank to tighten the noose on the monopolists of those companies measures supervisory strict which would relieve the burden on the citizen economic conditions because the monetary Central sales of the dollar intended for the purposes specified in his instructions that not including the sales for trade and import and covering remittances and credits.

She said that some companies and banks include the equivalent of customs duties and income tax on their sales of dollars in non-import transactions caused the revaluation of the exchange rate to buy the dollar for the purposes of travel, study or treatment.

She explained that this process led to the rising exchange rate note that the central bank sells the official rate reason to take tough measures to curb the crisis benefit traders at the expense of the citizen and the circumstances of the country alike.

It noted that the central bank is responsible for maintaining stability in the exchange rate as that all banking companies and financial transfer and banks should abide by Dwabth and instructions to ensure that the withdrawal of the vacation dollar selling license to the public and take care not to expose accounting or sanctions in case of any violation of the Central instructions.

The statement of the bank for central said earlier: that the sale of US dollars in cash plus a percentage of 8 percent, which included the sale of banking companies and the conversion of current and banks price is a clear violation of the instructions in the nature of the sales price and download the needy citizens of the dollar an additional burden is not justified.

Bank hinted in his statement that he will be forced to stop selling the currency to banks and companies have the offense also be forced to open outlets selling directly to the public in order to prevent exploitation.

The dollar exchange rate has risen, after the adoption of the current year budget last January, to 1,130 dinars to the dollar after it settled selling price for two years between 1120 and 1122 dinars to the dollar because of Article 50 of the budget which committed the central bank sold $ 75 million a day law At a time when the market absorbed about twice the amount of what led to this rise in the exchange rate.


http://www.alsabaah.iq/ArticleShow.aspx?ID=92871