********** overnment source (dinars): Dollar rises behind political overtones .. and 90% of the sales of the bank remittances

06/16/2015


Dinars / Adnan Abdul Hassan / .. government source confirmed that the political dimensions behind the high price of the dollar, while noting that 90% of dollar sales in the Central Bank is of remittances and 10% cash sales only. "

The source, who declined to be named in an exclusive interview told / JD /: "The dollar's exchange rate is not a government decision but respect to supply and demand, and because of lower oil prices, what you get state of the hard currency is much less than the previous, and when the supply of dollar less than Markets need it makes sense to increase the rate of exchange. "

He explained, "It was expected the dollar rise because of low oil revenues seriously and is the only of the dollar source of Iraq and the government and other institutions worked quietly in recent months to put guarantees the receipt of the dollar importers at the official rate by remittances, in order to prevent prices from rising and to protect the poor that the mechanisms The traders and importers sell the dollar at the official rate and this ensures that high prices, which confirms this talk that 90% of dollar sales by the Central Bank of Iraq is of remittances and 10% cash sales only. "

He continued, "That's why the high dollar exchange rate to the rise in commodity prices did not lead. The rise some food only prices and not the rest of the goods in these days in particular comes because of the proximity of Ramadan and the increasing appetite for food and the greed of some traders and this gets every year and is linked to fluctuations in the price dollar.

This means that it is not related to the price of the dollar at all and only rose to all other materials prices and that did not happen. "

He stressed that "there is a campaign-oriented and regulated by the well-known groups to intimidate citizens and confuse the situation about the high price of the dollar and move them against the state and the government, as if the poor spared his money to the dollar, while the dollar is important for the rich is primarily who want to convert their money into dollars, otherwise the average citizen does not affect him so what long as the price did not increase outside the usual proportions and this is the reality, "..


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