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Dollar at its highest level .. and the Association of banks do not support the decisions of the central bank to restore stability
Wed, Jun 17 two thousand and fifteen
A statement issued by the Association of private banks, on Wednesday, that the central bank's recent decision to increase the auction business days and to consider on Saturday a regular working day to meet the banks requests from foreign currency, while pointing out that the decision is consistent with meeting the banks need of foreign currency the dollar and facilitate the work of banks, the dollar is witnessing a rally against the Iraqi dinar is the highest in years.
The head of the Association of private banks in Iraq and Wadih Handal, in a statement received "Today's News" a copy of it, that "the Iraqi Central Bank is trying to support the Iraqi dinar and create suitable for the banking business and in cooperation with private banks as a team solidarity atmosphere, through the adoption of several procedures and mechanisms".
He continued, that "the central bank's recent decision to increase the auction business days on Saturday and considered normal business day for banks to meet the requests of foreign currency, came in tune with the banks to meet the need of the dollar in foreign currency and facilitate the work of the banks."
He pointed out that "the decision and the other who is serving to reduce the period of deposit for amounts from ten days to five will contribute directly to reducing the dollar's exchange rate against the Iraqi dinar and this is what Senlahza during the next few days," pointing out that "the Association will be supportive of the decision to serve the public interest." .
Economists believe and observers, that the instability of exchange rates due to financial mismanagement, and the scarcity of supply as well as the mafias of corruption, which controls the currency auction at the Central Bank.
The parliamentary finance committee, had announced earlier on Tuesday that the authorities concerned have taken other measures to support the Iraqi dinar, which increase the supply of the dollar through currency auction and the abolition of tax and customs trusts, which amounted to 8%, as well as acceptance of all purchase orders submitted by merchants, banks and banking companies.
The Iraqi budget law, select the central bank sales of $ 75 million per day, as part of the feminine government expenditure due to the economic crisis experienced by the country, as several economists encroachment on the independent financial policy of the Central Bank.
The Central Bank of Iraq has decided, first Tuesday, Saturday officially regarded as durable, to meet the need of banks currency, noting that reduced the duration of the special deposit amounts from ten to five days.
And saw the dollar exchange rate in the parallel market is the top of a rise for several years, from about 1200 dinars to the dollar, the beginning of the current 2015 to about 1400 dinars.
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Wed, Jun 17 two thousand and fifteen
A statement issued by the Association of private banks, on Wednesday, that the central bank's recent decision to increase the auction business days and to consider on Saturday a regular working day to meet the banks requests from foreign currency, while pointing out that the decision is consistent with meeting the banks need of foreign currency the dollar and facilitate the work of banks, the dollar is witnessing a rally against the Iraqi dinar is the highest in years.
The head of the Association of private banks in Iraq and Wadih Handal, in a statement received "Today's News" a copy of it, that "the Iraqi Central Bank is trying to support the Iraqi dinar and create suitable for the banking business and in cooperation with private banks as a team solidarity atmosphere, through the adoption of several procedures and mechanisms".
He continued, that "the central bank's recent decision to increase the auction business days on Saturday and considered normal business day for banks to meet the requests of foreign currency, came in tune with the banks to meet the need of the dollar in foreign currency and facilitate the work of the banks."
He pointed out that "the decision and the other who is serving to reduce the period of deposit for amounts from ten days to five will contribute directly to reducing the dollar's exchange rate against the Iraqi dinar and this is what Senlahza during the next few days," pointing out that "the Association will be supportive of the decision to serve the public interest." .
Economists believe and observers, that the instability of exchange rates due to financial mismanagement, and the scarcity of supply as well as the mafias of corruption, which controls the currency auction at the Central Bank.
The parliamentary finance committee, had announced earlier on Tuesday that the authorities concerned have taken other measures to support the Iraqi dinar, which increase the supply of the dollar through currency auction and the abolition of tax and customs trusts, which amounted to 8%, as well as acceptance of all purchase orders submitted by merchants, banks and banking companies.
The Iraqi budget law, select the central bank sales of $ 75 million per day, as part of the feminine government expenditure due to the economic crisis experienced by the country, as several economists encroachment on the independent financial policy of the Central Bank.
The Central Bank of Iraq has decided, first Tuesday, Saturday officially regarded as durable, to meet the need of banks currency, noting that reduced the duration of the special deposit amounts from ten to five days.
And saw the dollar exchange rate in the parallel market is the top of a rise for several years, from about 1200 dinars to the dollar, the beginning of the current 2015 to about 1400 dinars.
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