Finance parliamentary: high exchange rates of the dollar against the dinar currency behind the drain

12:10 05/14/2013


Baghdad - and babysit - attributed member of the parliamentary Finance Committee Haitham Jubouri reasons for the high exchange rates of the dollar against the Iraqi dinar currency to the drain by some private banks, which owns companies for the currency converter.

Jubouri said in a press statement that "price-fixing remittances equivalent to two to three times the real price example, if the price of Item five $ 5 it up in the hawala to $ 20 sold amount of the surplus is $ 15 to the black market and that is what is reflected on the currency dramatically" .

He explained, "There are serious attempts to take control of this issue through open letters of credit, and that there is a deterrent measures for banks, which has legal problems with respect to currency and this is what actually dish where they were deprived a number of banks in the currency auction bids at the central bank."

And "that these measures applied for a short time and it is hoped that identifies the results within a week or two weeks" ... p / i

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