sorry, here they are...He said the Yasiri, one dealing with the auction told (Voices of Iraq) that "the rise in today's meeting was expected that the meeting Monday is usually taken by the auction date for the change in exchange rate which is concentrated in foreign remittances."
Yasiri, and that "today's meeting that was characterized by increased cash demand is rising along with other cash remittances abroad and the second case is the disappearance of sell offers for the first meeting in over two weeks, where they sell offers from the market to auction present throughout the hearings this week and last."
The expert said the economic and industrial Sadiq Abdul Razzaq, "The disappearance of auction sales presentations and increased demand monetary indicator of the economic feasibility of the procurement process from the auction because of a price differential profitable for traders from the banks and their customers derive from this process."
His sincere, "the accounts of banks and their customers regarding procurement takes into account the monetary size of the amount to be saved and the exchange rate market and the profitability of the exchange rate of the auction after calculating amounts of commissions charged by the bank and the added commissions for sales operations cash auction."
He pointed out that "the added commissions amounting to ten dinars over the purchase price in addition to the commission by the bank participating in this process as an intermediary between the customer and the purchase of the Central Bank of Iraq and this indicates clearly the reason for the difference between purchase price and selling at auction the Central Bank of Iraq."
For his part, an economic expert, Dr. Abbas told Aluj (Voices of Iraq) "price policy by the Central Bank of Iraq must be transparent and rely on scientific bases on the movement and maintain market performance and not a negative impact and banditry in front of speculators."
He added that Aluj "On a weekly basis-point reduction in fixed date would have no significant impact on the market only to change the date or the lifting of price reduction in the number of points without precise calculations would lead to damage of the market."
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