For economic / scales News /: speculators "currency" behind the rise in the dollar price Economy and tenders

14.06.2015

BAGHDAD - scales News

He attributed the economic expert Majid picture, Sunday, the reasons for not activating the Iraqi banks initiative to reduce the dollar to increase demand and tight supply by the central bank and the presence of some speculators who monopolize the dollar to benefit even more.

He said the picture's / scales News / "The problem in the high dollar exchange rate is the 8% tax imposed by the recent Council of Ministers", adding that "this percentage imposed on the basis of deducted directly from the transfer amount to traders by 5% for Customs and 3% tax insurance".

He said economic expert that "speculators took advantage of the process and started handlers who take payments without deposit or transferred to state banks," pointing out that "the government and central bank Sicoman appropriate action to stop speculators practices at the price of the dollar."

The "Parliamentary Finance Committee member Abdul Hussein al-Yasiri stressed the need to maintain the central bank on the dinar exchange rate against the dollar and to put controls and processors to inflate the currency," adding that "the purchase of speculators to the dollar by the simple people was behind the rise in the dollar exchange rate."

The "Economic Adviser to the Prime Minister Haider al-Abadi appearance of Mohammed's central bank demanded to clarify the reasons for the low value of the Iraqi dinar against the high price of the dollar in the domestic market" .


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