The dollar instead of the dinar proposal

May 10, 2013 in the political

BAGHDAD / News Network Iraq - A member of the Finance Committee proposal to his committee spends agreement with the Central Bank and Ministry of Finance on the distribution of salaries of all state employees in hard currency (dollar) for one month to end the "exploitation" of private banks and banking companies to citizens.

Said a member of the Finance Committee Secretary in a press statement today, "I suggested to the Finance Committee to hold the distribution of salaries of all Iraqi staff in dollars rather than the Iraqi dinar, the official exchange rate, for a period of one month to pull the rug from under the private banks that exploit citizens, and raise the value of the dollar against the Iraqi dinar."

he added Hadi that "the proposal will make the process reversed and the citizen is the owner of hard currency, and therefore can not be for the owners of banks exploiting hard currency again."

The dollar rose against the Iraqi dinar and the difference from the official exchange rate announced by the Central Bank of Iraq up to 10 thousand dinars per 100 dollar against the Iraqi dinar.


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Financial expert: Proposed distribution of salaries of employees in hard currency would hurt the country's economy
11-05-2013 12:40 PM


Baghdad (news) .. Warned an expert in financial matters on behalf of Hadi al-Tamimi, the application of the parliamentary Finance Committee proposal to distribute the salaries of employees in hard currency rather than the Iraqi dinar, because it would harm the national economy does not help to raise the exchange rate of the dinar against the dollar.

Timimi said (of the Agency news): The proposal made by one of the members of the Finance Committee to distribute salaries of state employees in dollars, would hurt the country in terms of its impact on the size of the Central Reserve of hard currency, and excluding the owners money and traders from getting on the dollar for the purpose of import.

He added: The number of employees is too large will make a significant inflation in the market and an imbalance in the balance of supply and demand for the currency, and this will affect the value of the national currency as well, stressing the importance of the continuation of the central bank Bmzadeh public for the sale of hard currency with the control of other processes that take place from some outlets sales, especially in banks.

This has provided one of the members of the Finance Committee proposal to the parliamentary committee spends agreement with the Central Bank and Ministry of Finance on the distribution of salaries of all state employees in hard currency (dollar) for one month to finish the 'exploitation' of private banks and banking companies to citizens.

The dollar rose against the Iraqi dinar and ahead of the official exchange rate announced by the Central Bank of Iraq up to 10 thousand dinars per $ 100 against the Iraqi dinar. / End / 8. N. R /


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