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Governor of the Central Bank: Other banks will join for the adoption of a fixed selling price for the dollar
Monday 01 June 2015
Detection Governor of the Central Bank of Iraq on the Keywords, Monday, about the existence of new banks would join soon to the banks, which began the adoption of a fixed selling price for the dollar.
Keywords and said for "Ply News", "13 Iraqi private banks recently began selling B1193 dinars per dollar with a view to re-stabilize the exchange rate in the domestic market and later joined her five other banks."
Keywords and he pointed out that "the coming phase will join the other banks to participate in this step that we believe will help the stability of the Iraqi dinar exchange rate against the dollar," noting that "there is a great demand for the dollar, whether citizens or business owners to cover their trade."
And I saw the Iraqi dinar exchange rate against the dollar significantly reduced after the one-dollar sale price B1230 dinars over the past two weeks.
The dollar exchange rate has risen in the coming days to gradually up to 1,260 dinars, the highest rate in years.
It is noteworthy that the current year's budget law, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in the daily auction ceiling does not exceed 75 million dinars, with the exercise of justice in sales, and demand co-auction the bank to provide the introduction of goods and data documents settling accounts and tax savings Alkmarki within 30 days from the date of the purchase amount, and so it applied the sanctions set forth in the central bank law or instructions issued from it, and use other banking instruments to maintain the strength of the dinar against the dollar.
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Monday 01 June 2015
Detection Governor of the Central Bank of Iraq on the Keywords, Monday, about the existence of new banks would join soon to the banks, which began the adoption of a fixed selling price for the dollar.
Keywords and said for "Ply News", "13 Iraqi private banks recently began selling B1193 dinars per dollar with a view to re-stabilize the exchange rate in the domestic market and later joined her five other banks."
Keywords and he pointed out that "the coming phase will join the other banks to participate in this step that we believe will help the stability of the Iraqi dinar exchange rate against the dollar," noting that "there is a great demand for the dollar, whether citizens or business owners to cover their trade."
And I saw the Iraqi dinar exchange rate against the dollar significantly reduced after the one-dollar sale price B1230 dinars over the past two weeks.
The dollar exchange rate has risen in the coming days to gradually up to 1,260 dinars, the highest rate in years.
It is noteworthy that the current year's budget law, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in the daily auction ceiling does not exceed 75 million dinars, with the exercise of justice in sales, and demand co-auction the bank to provide the introduction of goods and data documents settling accounts and tax savings Alkmarki within 30 days from the date of the purchase amount, and so it applied the sanctions set forth in the central bank law or instructions issued from it, and use other banking instruments to maintain the strength of the dinar against the dollar.
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