Financial expert describes the procedures, "the central bank" B "banking chaos"

Financial expert describes the procedures, "the central bank" B "banking chaos"


5/30/2015


Baghdad - INA / download the managing director of the Association of private banks formerly a banking expert Abdul Aziz Hassoun, on Saturday, the central bank responsible for the collapse of the Iraqi dinar against the US dollar, describing the recent Bank measures to "banking chaos."
Said Hassoun said in a statement seen by "the Iraqi News Agency", that "the continuation of the US dollar recovery in Iraq due to the security situation deteriorating and the Central Bank, which launched a new instruction in the last week not to banks delivery civil Foreign currency, which led to the weakness of private banks and bankruptcy, mostly as a result of not being able to From push the dollar to its customers ", blaming, financial and monetary power authority (the Central Bank and the Ministry of Finance) responsible for the deterioration of the local currency in the country."
He said banking expert, said that "the bank instructed not to push the dollar to banks paid civil speculators in the market use and resort to manipulate the price of the dollar and raise it to its highest level."
He said Hassoun that "the Central Bank sold over the past 3 years, $ 31 billion in Iraqi market Maaud citizen on the dollar and resorted to as a safe haven currency and played down the importance of the local currency."
And he saw a banking expert, said that "addressing the deterioration of the Iraqi dinar is done through the monetary authority and financial power meet and agree on a banking plan elevate the Iraqi dinar and reduce the importance of the US dollar and calls for citizens to turn to the dinar kuna strong local currency will not be affected by fluctuations in the global market and to prevent speculators from working in the banking market and the elimination of the black market. "
The Iraqi dinar has suffered a great negligence by the local citizens as a result of left and resort to the US dollar as a safe haven currency, and action is responsible by the central bank, which led to lower its price to foreign currency and the recovery of the dollar to its highest level in Iraq.

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He said banking expert, said that "the bank instructed not to push the dollar to banks paid civil speculators in the market use and resort to manipulate the price of the dollar and raise it to its highest level."
He said Hassoun that "the Central Bank sold over the past 3 years, $ 31 billion in Iraqi market Maaud citizen on the dollar and resorted to as a safe haven currency and played down the importance of the local currency."
And he saw a banking expert, said that "addressing the deterioration of the Iraqi dinar is done through the monetary authority and financial power meet and agree on a banking plan elevate the Iraqi dinar and reduce the importance of the US dollar and calls for citizens to turn to the dinar kuna strong local currency will not be affected by fluctuations in the global market and to prevent speculators from working in the banking market and the elimination of the black market. "