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Economic center calls for the central bank to tighten controls on the sale of the dollar and the mechanics of foreign exchange
23/02/2015
BAGHDAD / Source News / student .. Economic Information Center, on Monday, the central bank to tighten controls on foreign exchange operations in order to prevent money laundering and the monopoly of foreign remittances and speculators control the process.
The head of the Economic Information Center lion Muhammad Ali in a press statement I followed Agency / Source News /, that "Almtaamln are used for more than ten years on the bank to adopt a reference to convert the currency and buy the dollar as a government entity sober possible to trust them and their operations."
He said that "despite some problems, but the bank has succeeded over the years to contain the dollar market, and the assignment of the task for the banks as much as what are correct, they need to tightly controlled its operations, especially the private banks that have not practiced banking properly."
He noted that "oversight will ensure justice mechanisms conversion and prevent money laundering and terrorist financing and knowledge of the currency in which it was carried out by the Central Bank of tracks."
He noted that "banks need a transition period to evaluate its work and expressed his belief that the market because not rise in speculators banks basic factors are responsible for the high dollar prices in the last period and that this new mechanism Stnasabhm it is expected that Aihauloa raise the dollar price on the contrary, probably would take to maintain the stability of the market. "
He stressed that "the central bank's assessment of the demands of the banks deal with this experience and have a return line in the event of failure" ./ ended Q
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23/02/2015
BAGHDAD / Source News / student .. Economic Information Center, on Monday, the central bank to tighten controls on foreign exchange operations in order to prevent money laundering and the monopoly of foreign remittances and speculators control the process.
The head of the Economic Information Center lion Muhammad Ali in a press statement I followed Agency / Source News /, that "Almtaamln are used for more than ten years on the bank to adopt a reference to convert the currency and buy the dollar as a government entity sober possible to trust them and their operations."
He said that "despite some problems, but the bank has succeeded over the years to contain the dollar market, and the assignment of the task for the banks as much as what are correct, they need to tightly controlled its operations, especially the private banks that have not practiced banking properly."
He noted that "oversight will ensure justice mechanisms conversion and prevent money laundering and terrorist financing and knowledge of the currency in which it was carried out by the Central Bank of tracks."
He noted that "banks need a transition period to evaluate its work and expressed his belief that the market because not rise in speculators banks basic factors are responsible for the high dollar prices in the last period and that this new mechanism Stnasabhm it is expected that Aihauloa raise the dollar price on the contrary, probably would take to maintain the stability of the market. "
He stressed that "the central bank's assessment of the demands of the banks deal with this experience and have a return line in the event of failure" ./ ended Q
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