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Central Bank: Lanaih to stop selling the dollar and support the private banks
3/3/2015
Agency Baghdad Times (beta):
The Central Bank of Iraq, on Tuesday, there was no intention to close the sale of currency window.
Alak said during a press conference held today at the Central Bank building Jadiriya that branch, "the central bank went to the new mechanisms on the sale of currency window after studied extensively, but which was previously followed and that weighed on the market because she carries a lot of problems, including operations money laundering. "
Keywords and pointed out that "the mechanism used currently maintain a market economy, as well as support for the dollar exchange rate against the dinar by linking foreign remittances through the financial deposit paid by the dealer before buying the goods are placed in banks abroad as well as Takjna tax Iraqi state and thus join the lack inconsistencies in dollars, and the entry of the goods entirely according to invoices submitted. "
He added that the relationship "cash sales of dollars by selling the currency continuous window and there is no interruption, but it will be in a new way and there are no limits to the amounts for those wishing to obtain the dollar."
On the other hand pointed out that the relationship "the bank is heading in a real and effective support of private banks in Iraq through convince the government to put a financial deposit in those banks as well as dealing with the outgoing ones in the state departments of all instruments."
He said the "bank is considering now deposit law is under preparation, if completed it during the next few days will be sent to the House of Representatives for approval."
Keywords that "revealed the process of deleting the zeros constant currency was not canceled but is now in a position to prepare and study, and at the very least in the past the next three will be worked out largely because the task of administrative and financial operations can not rush it. "
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3/3/2015
Agency Baghdad Times (beta):
The Central Bank of Iraq, on Tuesday, there was no intention to close the sale of currency window.
Alak said during a press conference held today at the Central Bank building Jadiriya that branch, "the central bank went to the new mechanisms on the sale of currency window after studied extensively, but which was previously followed and that weighed on the market because she carries a lot of problems, including operations money laundering. "
Keywords and pointed out that "the mechanism used currently maintain a market economy, as well as support for the dollar exchange rate against the dinar by linking foreign remittances through the financial deposit paid by the dealer before buying the goods are placed in banks abroad as well as Takjna tax Iraqi state and thus join the lack inconsistencies in dollars, and the entry of the goods entirely according to invoices submitted. "
He added that the relationship "cash sales of dollars by selling the currency continuous window and there is no interruption, but it will be in a new way and there are no limits to the amounts for those wishing to obtain the dollar."
On the other hand pointed out that the relationship "the bank is heading in a real and effective support of private banks in Iraq through convince the government to put a financial deposit in those banks as well as dealing with the outgoing ones in the state departments of all instruments."
He said the "bank is considering now deposit law is under preparation, if completed it during the next few days will be sent to the House of Representatives for approval."
Keywords that "revealed the process of deleting the zeros constant currency was not canceled but is now in a position to prepare and study, and at the very least in the past the next three will be worked out largely because the task of administrative and financial operations can not rush it. "
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