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Tuesday, April 10, 2012

Iraqi central bank Confirms existence of (ghost) or unknown behind the increasing demand for the dollar

Posted by Charleston Voice, 4.10.2012
Political figures in the window you want to influence in the Iraqi economy for personal gain by saying, Which led to a slight increase in the exchange rate of the dollar against the Iraqi dinar. 
How the US pays the terrorists for services rendered

Posted: April 10, 2012 
On: Tuesday 10/4/2012 8:46

Baghdad / menopausal Hossam Acommok accused in some quarters of the parliamentary nominated “mafia Iraqi traders” dollar smuggling to neighboring countries that suffer international economic sanctions (Iran and Syria), pointing to a link to these traders.

Contrast, an economist stressed the existence of other factors did not talk about the parliamentary committee, namely the pressure internal trade as well as the financing of armed groups for terrorist operations in huge amounts paid in dollars.

In the meantime, expressed the Bank Central confusion about the increasing demand for the dollar, stressing that an unknown person (ghost) stands behind it by opening accounts for people traffickers false return for kickbacks Athsalon them, stressing that the movement of trade in the neighboring countries also contributed to increase the price of the dollar compared to the Iraqi dinar.

The price of the dollar in the local markets, according to the reporter (range) to the 1227 Iraqi dinars, though the Bank auction turnout heavy on it.

A member of the Finance Committee in the House of Representatives Haitham Jubouri: “The economic embargo imposed on Iran and Syria, make them need to hard currency (the dollar) which is exploited (mafia) Iraqi traders and worked on the smuggled into these countries at the expense of the national economy. “

said Jubouri (range): “The smuggling format transfer electronic under the pretext of shopping or transfer money to some people.”

He Jubouri: The measures taken by the Central Bank through the identification of quantity to be transferred and the recipient have undermined the smuggling and contributed to the slightly lower price of the dollar compared to the past and continued up the bank to Ajraeth will bring the dollar set by the past. “

and accused Jubouri politicians did not identify being involved in a high dollar, He explained, “some of them linked Pmaviac traders .. They are trying to benefit from the continued high price of the dollar and achieving the wishes of the character, “adding,” but some of the media yields in this matter by presenting a distorted picture exaggerated the economic landscape of Iraq, stressing the need to prosecute those involved in this file in cooperation with the Economic Committee in the parliament and government as well as urged us to the Central Bank continued the need for there to be equality between supply and demand of dollars to ensure the stability of the Iraqi market. “

and the amount of money smuggled to Tehran and Damascus in the current period, said a member of the Finance Committee, “I do not have precise figures about this file .. But in a steady decline, though, we turn large sums to Iran, especially by legal means, because we import many goods of them, as well as visitors flocking to and from Iran. “

For his part, said the economist Majid picture, “there is a set of pressure to buy the dollar in Iraq resulted from political and economic conditions in neighboring countries, especially Syria and Iran, which are subjected to economic sanctions, which led to its high price compared to the Iraqi dinar. “

and added the picture in a telephone conversation with (range):” Madjaet by the Parliamentary Finance Committee, is true to some extent .. But there are other things affected the price of the dollar in the forefront of a lot of money to go to domestic trade as well as money pumped by armed groups in the financing of terrorist operations, which are usually in dollars.

“And the actions taken by the central bank said the picture” It’s not enough .. Is supposed to be accompanied by practical steps from the relevant government agencies such as the Ministry of Finance and security institutions, especially at the border as well as banks. “
and that the picture of “the process of exchange of the Iraqi dinar on the one hand and Altoman the Iranian and Syrian pound the other hand, within the country also weighed on the dollar was the smuggling of large of hard currency.

“In the meantime, Vice President of the Central Bank of the appearance of Mohammed Saleh: A person who is not known (ghost) open bank accounts of dozens of merchants is true to meet certain currency between the parties.”

Saleh added (range): “The Finance Committee has extensive information about it because it is overlooking the legislative side and have a link with the bodies, all of which provide it with information and documents confirming the smuggling of hard currency to neighboring countries.

“Saleh continued:” Previously we did not ask for documentation of the person requesting the amount of under 50 thousand dollars .. we have seen the time that about 92% of the requests do not exceed the 49 thousand dollars, which demonstrates seek to circumvent the regulations, instructions and thus worked to change the criteria between Onah and the other as well as the demand for passage of a tax year as well as the commercial document. “

In terms of demand for the dollar in the domestic market between Saleh said the central bank exceeded 400 million dollars a day, stressing that “it is illogical to ask the Iraqi market, this huge, pointing out that in the previous year did not exceed the demand barrier million and 500 thousand dollars a day, which confirms that the increase in demand is not about the Iraqi economy but for other reasons, including the regional markets that suffer from the scarcity of the dollar with an overlap of a commercial cast a shadow on the Iraqi dinar at the current stage.