Advisor Central Bank (Iba): introducing the mobile phone recharge cards will enhance the value of the dinar local currency

April 1, 2010 · Posted in NEWS
2010-04-01 10:06:57
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BAGHDAD (Iba) .. . Description of the Central Bank of Iraq adviser to the decision to sell recharge cards (Rtat) Iraqi dinar instead of the dollar from the first day of April. Expected to contribute to enhance the value of local currency against the dollar.

. Dr. appearance of Mohammed Saleh told the independent press (Iba) Thursday said the move was one of the programs adopted by the Bank’s monetary policy in the fight against so-called “dollarization” any use of the currency of a foreign country Baltdaullac cash and filling the payment of Interior in foreign currency, which sets a monetary policy before the duplication great.

He said monetary policy has worked to make the Iraqi dinar currency attractive for the payment of accounts receivable transactions and discharge activity and support the policy. لوطنية. Indicating that the dollarization (Dollarisation) is the country’s citizens are using the foreign currency to the side or as a substitute for national currency.

.Saleh expressed his hope that all payments are domestic local currency and not foreign can be used to bridge the external payments and not internal. Noting that the Bank’s plans is seeking to become the Republic of Iraq Dinar is the only currency used for the discharge of receivables transactions. The mobile phone companies operating in Iraq will begin offering scratch cards (Rtat) Iraqi dinar instead of the dollar from the first day of April.

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April 2, 2010

BAGHDAD (Iba) .. . . Student Information Center Economic mobile phone companies to correct the exchange rate after the announcement on the transfer of mobile tariffs dinars last Thursday.

The lion Mohammed Ali, chairman of the center told the independent press (Iba) today, Friday, “that these measures have a positive effect by bypassing the dollarization policy which characterizes all business dealings in Iraq, but the conversion rate to the dinar accompanied the lifting of the tariff on the basis of calculating the same rate the old calculated dollar. ”

“It was based on the exchange rate estimated by the company for 1200 dollars at a price higher than the commercial rate for the dollar in the domestic market of 1180 dinars, thus bringing the two companies excess profits at the expense of the citizen.”

Reported that “the calculation of the price of service must be the principle that preference for the good of the citizen and to be rate local supported not higher Mmahe originally in dollars, with a mind that the value of the conversion through the Central Bank to 1173 dinars to the dollar through auction, a mechanism that transforms Zain which profit no lower of the estimated price under the new tariff rates of the service to 27 dinars per dollar. ”

And opinion on “The companies did not commit themselves to improving the service that worsen the increasing numbers of participants and the stability of the number of transmitters and receiving of those companies, which reduces the frequency focus of each user in the geographical area it is causing a significant deterioration in service.”

Called “the governmental body competent for the activation of the Consumer Protection Act of the Iraqi exploitation and monopoly, poor service and the inclusion of companies which insist on violating contract terms, a waste of citizen’s right to blacklist and prevented from working again in Iraq.”

The mobile phone companies, “Zain Iraq, Asia Cell,” have made a decision which turned the tariff of the service from the Iraqi dinar to the dollar in addition to the announcement of the intention to transfer calls charged per second

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