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Central Bank calls for monitoring the movement of the dollar and put controls on foreign exchange companies
February 15, 2015
Central BankAn official source in the Iraqi Central Bank called for monitoring movement of the dollar and put controls on foreign exchange companies and check receipts money transfer.
He called on the Iraqi government not interfering with the central bank, adding that the main causes of decline of the dinar is the use of the dollar import process, so the need for it is greater than the Iraqi dinar , therefore, the money supply of the dollar is strong, stressing that Iraqis are forced to use the dollar foreign transactions, so a large demand for the dollar compared Dinars. The source added that the Iraqi economy is not affected by a decline or rise in the dollar only, but there is a security situation and financial and administrative corruption, pointing out that the rise in the dollar exchange rate against the dinar affect the processes of buying and selling and import.
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February 15, 2015
Central BankAn official source in the Iraqi Central Bank called for monitoring movement of the dollar and put controls on foreign exchange companies and check receipts money transfer.
He called on the Iraqi government not interfering with the central bank, adding that the main causes of decline of the dinar is the use of the dollar import process, so the need for it is greater than the Iraqi dinar , therefore, the money supply of the dollar is strong, stressing that Iraqis are forced to use the dollar foreign transactions, so a large demand for the dollar compared Dinars. The source added that the Iraqi economy is not affected by a decline or rise in the dollar only, but there is a security situation and financial and administrative corruption, pointing out that the rise in the dollar exchange rate against the dinar affect the processes of buying and selling and import.
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