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The central bank decided on Saturday officially considered durable and reduces the period for deposit amounts
06/16/2015 14:51
Baghdad
Iraqi Central Bank decided, on Tuesday, on Saturday officially considered durable, and attributed the reason to meet the need of banks and currency, while noting to reduce the period for deposit amounts from ten days to five.
The bank said in a statement received (range Press), that "the Central Bank's management decided that the normal work on Saturday, in response to the need to requests from the banks of the currency as of June 20 this."
The statement added that "the bank also decided to reduce the amount of the deposit period for feeding the external accounts of banks from ten days to five considerations of the first month of next July."
The Finance Committee in the Iraqi Council of Representatives, promised on Monday that many of the question marks are raised on the outcome of the Iraqi Central Bank action to stop the deterioration of the value of the dinar against the dollar, while the economic and investment commission parliamentary felt that many of the economic crisis solution is to amend that law Bank including believes in its independence from the government, and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this and accused them of responsibility and speculators, and vowing to "dissuasive" measures
The local market is witnessing a steady rise daily to the dollar exchange rate against the dinar, the impact on the movement and reflected negatively on citizens, particularly low-income.
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06/16/2015 14:51
Baghdad
Iraqi Central Bank decided, on Tuesday, on Saturday officially considered durable, and attributed the reason to meet the need of banks and currency, while noting to reduce the period for deposit amounts from ten days to five.
The bank said in a statement received (range Press), that "the Central Bank's management decided that the normal work on Saturday, in response to the need to requests from the banks of the currency as of June 20 this."
The statement added that "the bank also decided to reduce the amount of the deposit period for feeding the external accounts of banks from ten days to five considerations of the first month of next July."
The Finance Committee in the Iraqi Council of Representatives, promised on Monday that many of the question marks are raised on the outcome of the Iraqi Central Bank action to stop the deterioration of the value of the dinar against the dollar, while the economic and investment commission parliamentary felt that many of the economic crisis solution is to amend that law Bank including believes in its independence from the government, and carry Bankers "abuse" the central bank responsibility for a stronger dollar, despite the latter denied this and accused them of responsibility and speculators, and vowing to "dissuasive" measures
The local market is witnessing a steady rise daily to the dollar exchange rate against the dinar, the impact on the movement and reflected negatively on citizens, particularly low-income.
[You must be registered and logged in to see this link.]
