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Economic center calls for tighter controls on foreign exchange mechanisms and sell the dollar in Iraq
24/02/2015
Brother - Baghdad
Demanded that Iraq Center for Economic notification, the Central Bank of Iraq, tighten controls on foreign exchange operations in order to prevent money laundering and the monopoly of foreign remittances and speculators control the process.
Dergham said Mohammed Ali, chairman of the Economic Media Center in a press statement today that "dealers are used to the extent of more than ten years on the bank to adopt a reference to convert the currency and buy the dollar as a government entity can be a solid and reliable operations."
He pointed out that "despite some problems, but that the bank has succeeded over the years to contain the dollar market and refer the task of the banks as they are true, they need to tightly controlled its operations, especially the private banks that have not practiced banking properly," explaining 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 in the country paths. "
He pointed out that Mohammed "banks in Iraq need to be a transition period to evaluate their work," and expressed "his belief that the market will not rise because the speculators in the main banks were responsible for the high prices of the dollar in the past period and that this new mechanism Stnasabhm."
The President of the Economic Media Center that "the central bank's assessment of the demands of the banks deal with this experience and have the irrevocable line in the event of failure."
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24/02/2015
Brother - Baghdad
Demanded that Iraq Center for Economic notification, the Central Bank of Iraq, tighten controls on foreign exchange operations in order to prevent money laundering and the monopoly of foreign remittances and speculators control the process.
Dergham said Mohammed Ali, chairman of the Economic Media Center in a press statement today that "dealers are used to the extent of more than ten years on the bank to adopt a reference to convert the currency and buy the dollar as a government entity can be a solid and reliable operations."
He pointed out that "despite some problems, but that the bank has succeeded over the years to contain the dollar market and refer the task of the banks as they are true, they need to tightly controlled its operations, especially the private banks that have not practiced banking properly," explaining 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 in the country paths. "
He pointed out that Mohammed "banks in Iraq need to be a transition period to evaluate their work," and expressed "his belief that the market will not rise because the speculators in the main banks were responsible for the high prices of the dollar in the past period and that this new mechanism Stnasabhm."
The President of the Economic Media Center that "the central bank's assessment of the demands of the banks deal with this experience and have the irrevocable line in the event of failure."
[You must be registered and logged in to see this link.]
