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[ltr]Dollar .. The domination of the market in Sulaimaniya[/ltr]

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18/6/2013 10:31:00

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Dollar between the rise and fall and filling the market need
Between the rise and fall and the market need for liquidity and flexibility
We all know that the dollar exchange rate fluctuations and the Iraqi dinar, which represents the external value of money and the lack of stability in the domestic market in recent
Led to negative consequences was the increase in the prices of various goods and products and services and the weakening of confidence in Iraqi currency and enter the poorer segments erosion as a result of the high price of the dollar, has also led to increased demand for foreign currency which has strengthened the status of the dollar in the Iraqi market. 

In Sulaymaniyah witnessing the movement of markets, the movement of cash volatile due to higher U.S. dollar exchange rate and the need for cash to flexibility in dealing with exchange and the sale and purchase, in the currency markets in Sulaymaniyah complained many of them from fluctuating exchange rate of the dollar and other currencies and the high demand and market need in business dealings, economic and sales and procurement and other financial and monetary movement in the market. 

In a tour of the (Pazara the Dolarka) Any dollar market in Sulaymaniyah occur a number of vendors and dealers in Alahanbah currency fluctuation of the dollar and its height and its negative repercussions on the buying and selling and trading and commercial banking. 

CAC Omar owner of banking, spoke to PUKmedia, saying: "Always be a problem we have in the high price of the dollar as the movement of the market have come to rely completely on the dollar more than other other currencies, and the adoption of the citizens is also on the exchange rate, remittances and affected up the dollar, as well as we also transfer cash in dollars, both residents and merchants to their dealings different, Nsthsal commission simple not to exceed forty thousand dinars for each (ten thousand dollars) and deposited the amounts we have compared receipts receiving known to everyone, and we convert the Iraqi currency to the dollar can beneficiary of the deal in overseas , and mostly the deposit amount in dollars to avoid a difference of exchange, especially in large amounts, and the ordinary citizen and the employee is the first and most affected by that variable in the dollar, in addition to damage to some traders and their dealings economic and other businesses, we prefer to stabilize the dollar and spend it to a certain extent, rather than height and affected everyone so high, "noting that" the problem lies in the process of the dollar by the Central Bank of Iraq, where the U.S. dollar exchange in small quantities, this causes a rise directly to the price of the dollar and when it is pumped into a larger amount of the dollar by the Central Bank of Iraq, the dollar testifies stable and smooth flow of a large and easy to-day transactions of buying and selling the dollar and other foreign currencies, and we have to point out that people rely on Matincrh various media from the flow of dollars by the central bank in reasonable quantities, and the more pumped central bank large amounts of dollar has increased the popularity of the Iraqi dinar We live with this situation a long time ago and since morning till evening, we find that there is a noticeable disparity between the dollar اانخفاض to rise for the reasons that we have mentioned. " 

The Nawzad Secretary owner Bstih of the dollar and selling كارتات shipping, he said: "From years and turnout continuously on buying and selling the U.S. dollar and other currencies in the continuously growing so that some of the staff and other professionals have become remit their savings to the U.S. dollar, rather than the dinar increase in security, despite the stability exchange rate and the strength of the Iraqi dinar, which began to regain confidence gradually through our monitoring of the market, and in some times higher dollar due to the increase in demand to handle most of the local markets, U.S. currency, even butchers or saleswoman fish and owners of restaurants and hotels accept the deal in U.S. dollars, and sometimes exceed dealing Baldolaraly the dinar, and this causes confusion and the weakening of the national currency and reduces the value of the moral when citizens and people resort eventually to deal directly dollar despite the rise continued, especially in recent times, we as vendors prefer the stability of the sale price of the dollar because revenues are much better than the high price, both selling The purchase, and that Mantkadah of commission is very simple compared to sell or buy, because the ratio is almost limited. " 

Iawat Messenger seller Electronics, said: "I own a Bstih to sell the dollar in the dollar market in Sulaimaniyah and you deal to sell foreign currencies, including the dollar after the stability of the market and sell the dollar, but the variables in the high price of the dollar forced me to change the style of my work and resorting to Find gain profit simple through the sale of electrical appliances and cigarettes because sometimes influenced by these devices be a little bit before the increase or decrease of the dollar citizen need to deal with agencies to spend needs home or office and no matter what happens from high he eventually succumb to the market and prices as well as we also do not have a solution and that the loss be less if it dealt with the dollar and sell it, as you know, the Albestih is not كمحلات sale Currency approved and adopted by the banks and the merchants they be bound more than owners Albesttiyat in all cases. " 

CAC Karwan friend accountant in a bank government says about volatility and the high price of the dollar and its effects: "No doubt that everyone is affected by the height of the dollar or falling even by people who for Aataamilon dollars for the security of close or from afar because the affected market will reflect ultimately on the possibility of the citizen and the purchasing power and weaken in while and piety while another through markets or selling real estate and trade of all kinds, and this Miather negatively on every member of society and even traders may Teixd their business because of it, and must find alternatives, including changing the laws relating to Balbnca CBI to keep pace with changes in the Iraq and the world and the extent of the reflection of the on the movement of trade and economy in the country as a key nerve in business dealings internal and external. " 

Hamid Nahi works in the sale of cigarettes in Sulaymaniyah, says: "As you know, has forced us security conditions in Baghdad to move to Sulaymaniyah and I was the owner of small booth in a street fight in Baghdad to sell cigarettes and Ahalouat imported, and I used to work banking since 2004 and through the buying and selling of the dollar American, Buy banknotes class percent of $ Hsrahit the paper is then sold at 119 000 Iraqi dinars and sell it to (120 thousand) and the price is not fixed and is subject to high and low simple by market need, supply and demand, and buy my goods in dollars, and some traders Aigblon Iraqi currency, except in cases in which where the slump in the market and there is no strong movement in buying and selling, so they took the market in recent years, almost relying on the U.S. dollar in the deal and reached the amount of deal to dollars single (two dollars, three dollars) accumulate as the price of goods and quantity of bringing the number to four or five thousand dollars , have found that dealing in the sale of cigarettes guarantee me than risk selling the dollar, especially the potential vendors stalls are few and too weak to اتسد need expense of domestic and filling a need family expenses you know all of us and I think that any solution to the problem of the dollar will not be easy because the volatile trading in global markets have a direct impact on the Iraqi market as well, and thus reflected on the citizen, both the seller and the buyer and the merchant and employee. " 

And the effects of markets higher dollar and falling and the solutions that must be developed by financial players and governmental organizations, has Oharalbages economic Abdul Rahman Al Ghazi, in his speech for PUKmedia, the importance of this by saying: "the beginning should be legislation for the new laws governing the work of banking offices scattered in all provinces Iraq, it is some of them, especially offices (unlicensed) work on (money laundering or deliberation money stolen or obtained from operations of corruption), and thus will face the state have great difficulty in controlling the exit and entry of foreign currency, especially as we face the security situation difficult depends basis finance the terrorist operations in which to get through funds from abroad and at home, these amounts will not be in Iraqi currency, but the U.S. dollar rolling globally to buy weapons and other equipment other this side, the side Alachritalq restore the confidence of the Iraqi dinar himself and re-circulated in the neighboring countries as currency cash her worth buying large, at the beginning of the eighties of the last century was the Iraqi dinar spent three dinars Jordanian, and in the mid-seventies distracted by three U.S. dollars and for us to imagine the power of Dinaracharaúah in the rest of the countries in the region in that period, if it continues phenomenon (dollarization) Currency in this form broad markets and trading business. "




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