Governor of the Central Bank: We agreed with the banks to develop procedures for exchange rate stability

Governor of the Central Bank: We agreed with the banks to develop procedures for exchange rate stability




June 20, 2015

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Governor of the Bank of the Central Bank of Iraq on the Keywords, said the bank agreed with the Association of private banks to develop procedures to support the stability of the currency exchange rate.

According Keywords in a joint press conference with the President of the Association of private banks and depositary Handal, that "change or raise the exchange rate means carrying citizen direct burden of this increase, what happened in the past few days is not normal, pointing to attempts to involve the kind of speculation and other things "noting that" it is not reasonable to increase the exchange rate within one day 100 degrees and can not be the only factors and the presence of non-natural causes leading to this increase. "

He continued, "As long as we are able to respond to the request, no matter how its size, we have no fears or concerns to influence the exchange rate."

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Keywords, said the bank agreed with the Association of private banks to develop procedures to support the stability of the currency exchange rate.

According Keywords in a joint press conference with the President of the Association of private banks and depositary Handal, that "change or raise the exchange rate means carrying citizen direct burden of this increase,

He continued, "As long as we are able to respond to the request, no matter how its size, we have no fears or concerns to influence the exchange rate."