Sunday 16/12/2012
citizen - Sarah Obeidi : rose U.S. dollar exchange rate recently to the level increased with fears the domestic market and observers of the economic, who warned of the repercussions on the prices of goods and services and rising inflation rates, Marjaheen reasons for the spread phenomenon continuing rise in the U.S. dollar, which reached its value against the local currency (Iraqi dinar) when you buy 123 and when selling 125, and the impact of its implications on the levels of inflation in the country, noting that the impact of this increase will directly affects the size and higher import prices, which depends upon the local economy, noting that such rises will lead to unrest The negative repercussions on the national economy "(Citizen)" : The follow-up this subject and was the beginning of the modern with the economic expert Kazem Najafi probable reasons for the high prices of the dollar recently in the country ": return to the lack of financial regulation scheme and right by the administration of the Central Bank and the effect directly on the economies of the Iraqi market, in addition to inadequate local product and dependence on imports outside which made the local economy depends on the size ratios trading foreign currency because the productive sectors of local You can not help fill a need citizen of goods and this is what led to the expansion in the volume of trading in foreign currency ( dollar) because the only solution to meet the shortfall in the domestic market.
between Najafi ": that control the dollar on the Iraqi dinar led to higher inflation as a result of the lack of legislation and the actual by the administration and bodies government and private banks, in addition to the lack of awareness among many citizens and investors who make the phenomenon of the rise will continue and take a lot of space in the market.
pointing ": that administrative problems at the central bank and all related operations corruption and money laundering directly affected the value of the local currency, which led to confusion and distortions relative inflation rates.
suggested Najafi's (newspaper Citizen) ": a number of steps that make the local currency equal in front of the U.S. dollar through": control of the financial systems, and to achieve economic stability and the introduction of foreign investment into the country, and get rid of the bureaucracy that stand in the way progress investors in order to achieve economic development and speed up the resolve all issues recent relating to money laundering that took place in the Central Bank.
Meanwhile ills financial expert Munther Mohsen reasons ": the high dollar prices in the Iraqi market due to the amount of supply and demand during those two weeks, came late, which led to a delay quotas banks of the dollar by (central bank), in addition to most departments of private banks, including Islamic specifically sold the dollar for certain people returning to political parties rather than sell it to the citizens on personal identity as he was engaged shortly before his own words!!.
He noted Mohsen ": that continued high levels of prices of the dollar against the local currency will lead to higher inflation indicators local due to lack of goods alternative to imported goods because the Iraqi economy is an economy depends on imports Foreign primarily basis and this dependence was the result of government neglect of local industries, as well as to the prevalence of corruption that overshadowed the reality of government institutions class basis.
The expert financial Munther Mohsen's (newspaper Citizen) ": the need for a regulation and banking supervision in order to protect the local currency declines continuing to global currency U.S. dollar, in addition to this that protect depositors' money in banks require regulatory procedures and studied plans by experts Bankers competent because these plans work to protect the head financial Iraqi lose confidence in front of foreign currency.
On a related expert emphasized economic Ghassan al-Amiri ": that retain value Iraqi dinar and encourage economic reforms lead to higher rates of economic growth, in addition to the investigation monetary developments that make financial indicators rise in continuous work on the realization of the principle of equality in all banking institutions that make the local economic climate stable in front of the crises that the world is going through.
He Amiri's (citizen) ": that financial systems banking systems are accurate you need to manage wisely free of corruption, in addition to the need to electronic devices work to keep pace with global developments of modern, and make the Iraqi market market Mtdol local currencies any Iraqi dinar and not the U.S. dollar by reducing the size dependence on imports and dependence on external goods and domestic goods that make the Iraqi dinar currency currency in circulation in the local market,which reduces the risk of dependence on the U.S. dollar.
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