Sunday, April 15, 2012

Aziz Mayahi describes the conditions of the Central Bank of the request for entry of dollar buying by prohibitive]

Sunday, April 15 / April 2012

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A member of the Committee on Economy and Investment parliamentary bloc MP for white Aziz Mayahi terms of the Central Bank of entry order to buy the dollar to "prohibitive."

He said in a press statement received by all of Iraq [where] a copy of it today that "the Central Bank of the conditions of this Order will harm the Iraqi companies contracting with the State, so the central bank to correct the mechanism of this subject."

He stressed "the need to ask the central bank of contractors with a copy of the contract from the Department imported, and then can enter the auction."

The controversy was raised about the causes of decline in value of the dinar and the high value of the dollar in the last period, and carried some of the parties, the central bank responsible for fall of the Iraqi currency due to the fact that the central bank is preparing the Iraqi market, local, including needs of the dollar, which means that the issue of height of the dinar and the decline will depend on what posed of the dollar.

While the Iraqi Central Bank attributed the low exchange rate of the Iraqi dinar against the U.S. dollar in local markets, to the high demand for it greatly, saying in a statement this rise "bubble" will disappear gradually. Ended.

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