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Najiba Najib: the launch of the Central Bank of the amount trillion dinars a positive step to reduce the volatility of the dinar exchange rate
23/05/2015 10:05
Truth - Sabih Fox promised a member of the Committee of Economy and parliamentary investment Najiba Najib decision of the Central Bank launched the amount trillion dinars for private banks and increase the share of dollar sales for banking companies is a positive step to reduce the volatility in the Iraqi currency exchange rates. said Najib in an interview, "The decision of the Central Bank launched funds is a positive step to reduce the phenomenon of the oscillation in the Iraqi dinar exchange rates, in addition to support local production and enhance the dinar against the dollar. " She continued, "This step movement in the Iraqi market is considered by loans given to small and medium-sized projects in the country and the Central Bank of Iraq announced in time previously, all necessary measures to support liquidity in the banking system measures, and decided to facilitate the sale of foreign currency procedures to sustain the exchange rate. The Central Bank, that the financial reserves of Iraq equivalent and a half times the weakness of the currency bloc as he emphasized that Iraqi financial institutions are unable to fiscal deficit coverage, stressing the need to re-examine the structure of the budget and spending and diversification of income sources and achieve investment more broadly to address the decline in oil prices.
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23/05/2015 10:05
Truth - Sabih Fox promised a member of the Committee of Economy and parliamentary investment Najiba Najib decision of the Central Bank launched the amount trillion dinars for private banks and increase the share of dollar sales for banking companies is a positive step to reduce the volatility in the Iraqi currency exchange rates. said Najib in an interview, "The decision of the Central Bank launched funds is a positive step to reduce the phenomenon of the oscillation in the Iraqi dinar exchange rates, in addition to support local production and enhance the dinar against the dollar. " She continued, "This step movement in the Iraqi market is considered by loans given to small and medium-sized projects in the country and the Central Bank of Iraq announced in time previously, all necessary measures to support liquidity in the banking system measures, and decided to facilitate the sale of foreign currency procedures to sustain the exchange rate. The Central Bank, that the financial reserves of Iraq equivalent and a half times the weakness of the currency bloc as he emphasized that Iraqi financial institutions are unable to fiscal deficit coverage, stressing the need to re-examine the structure of the budget and spending and diversification of income sources and achieve investment more broadly to address the decline in oil prices.
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