A parliamentary committee discussed rising dollar rates next week

October 9, 2016 | 21:31


Network Iraqi position

It announced the economic and investment commission in parliament, for a meeting soon gathered with the Central Bank to discuss the rise in the dollar price, while confirming that the internal and external market asks month three billion of hard currency, noting that the next week will move us with the relevant authorities in order to avoid the rise.

A member of the Commission, Najiba Najib, told a news briefing on Sunday, said that the specialized parliamentary committees is following with concern the high dollar prices in the local markets and disabled Parliament in conjunction with the religious rites of the month of Muharram, as Manglth new morning newspaper.

She explained Najib, the dollar exchange rate exceeded the local markets are now 1,300 Iraqi dinars, an indicator "should stand with him the fact that now is the central bank's price is 1200 dinars," and pointed out that next week's move by the Commission with the relevant authorities will get to avoid the rise being "affects almost directly on the lives of ordinary citizens."

The answer, that the Commission either go to the central bank early next week "to investigate the matter, or that it will host its officials in a joint meeting with the Finance Committee," he said, saying that this crisis came "as a result of the global collapse of oil prices, the Iraqi The income decreased up to two-thirds what it was before the year 2014 ".

And increased member of the parliamentary committee that "the rise of the dollar has a price for many reasons, the most important of the existence of a huge demand by the central bank can not fulfill Bkmyate," asserting that the amounts being requested by the estimated monthly up to $ 3 billion, "some of them out of Iraq, and the rest are within local markets." .

Najib also confirmed that the size of the monthly revenue for Iraq from the current oil ranges between one million and a half million to two billion dollars and therefore "there will be a deficit in the fulfillment of requests," emphasizing that "the Commission found in the central bank currently holds the audit requests and trying to balance between the quantity and what is the present and draw sometimes reserves, including the national economy does not hurt. "

The specialized money laundering issues the court had revealed earlier this month for fraud in gripping and documents led to smuggle millions of dollars abroad through fictitious companies and banking act contrary to the law Dealers, and criticized what it promised to double the official banking supervision or civil.

This comes at a time, I talked Association of Iraqi banks for the measures taken by the Central Bank will contribute over the next few days, the decline in the exchange rate of the dollar.

The past few days in the dollar price increased sharply and the price of $ 100 to more than 131,000 Iraqi dinars.

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