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Parliamentary Finance: coming days will witness a decline in the dollar exchange rate
Saturday, March 14, 2015
BAGHDAD / Baghdadi News / ... attributed member of the Finance Committee parliamentary deputy Masood Haider, Saturday, stronger US dollar against the Iraqi dinar to the steps taken by the Central Bank of Iraq to stop money laundering and smuggling of foreign currency.
Haider said to the reporter / Baghdadi News / "The steps and decisions taken by the Central Bank of Iraq to stop money laundering and smuggling of hard currency is the main reason for the rise of the dollar against the Iraqi dinar."
Haider added that "tax insurance resolutions and reduce currency auctions raised from 400 million to US $ 70 million, the imposition of a state of anxiety among the bidders in the currency market, pushing up the exchange rate."
Haider pointed out that "the decision is excellent and will help stop the hard currency smuggling and money laundering in Iraq," adding that "the exchange rate will not rise from the end cap Al1280 dinar against the dollar," expected "to decline in the coming days after the stability of the market situation."
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Saturday, March 14, 2015
BAGHDAD / Baghdadi News / ... attributed member of the Finance Committee parliamentary deputy Masood Haider, Saturday, stronger US dollar against the Iraqi dinar to the steps taken by the Central Bank of Iraq to stop money laundering and smuggling of foreign currency.
Haider said to the reporter / Baghdadi News / "The steps and decisions taken by the Central Bank of Iraq to stop money laundering and smuggling of hard currency is the main reason for the rise of the dollar against the Iraqi dinar."
Haider added that "tax insurance resolutions and reduce currency auctions raised from 400 million to US $ 70 million, the imposition of a state of anxiety among the bidders in the currency market, pushing up the exchange rate."
Haider pointed out that "the decision is excellent and will help stop the hard currency smuggling and money laundering in Iraq," adding that "the exchange rate will not rise from the end cap Al1280 dinar against the dollar," expected "to decline in the coming days after the stability of the market situation."
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