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Central Bank: the process of selling the dollar is not marginal and the budget deficit weakens us
Saturday June 27 2015 11:28
Baghdad,
said Governor of the Central Bank on the Keywords , Saturday, that the dollar selling process is not marginal, and among the state budget lead to the weakness of the bank deficit, he stressed that the fragility of the security situation led to pull money out of the country. Keywords and said in a speech during a seminar hosted by the progress of the policy development institute, and attended by Alsumaria News , "The Ministry of Finance does not have enough dinars, which distributes the budget in dollars and we are buying the dollar ones," adding that "the dollar selling process carried out by the Bank is not marginal but are linked to the country's economy."
He added that "the budget deficit weakens the Bank it does not control the size of the money supply," noting that "the fragility of the security situation lead to take out money outside Iraq . " He stressed that "the power of the Iraqi dinar was the cause recovery neighboring countries economy," pointing out that "determining the ceiling It means Bank exemption from maintaining prices. " He continued that "the political interventions affect the operation of the bank," noting that "the statements media create upheaval market the dollar." He stressed Keywords on the need to "separate the cases of corruption, smuggling, between the general situation of the exchange rate". The bank CBI confirmed on Saturday (June 20, 2015), it has a foreign currency nearly twice the amount of the dinar in the market, noting that the bank does not have fears or concerns about the impact on the exchange rate.
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Saturday June 27 2015 11:28
Baghdad,
said Governor of the Central Bank on the Keywords , Saturday, that the dollar selling process is not marginal, and among the state budget lead to the weakness of the bank deficit, he stressed that the fragility of the security situation led to pull money out of the country. Keywords and said in a speech during a seminar hosted by the progress of the policy development institute, and attended by Alsumaria News , "The Ministry of Finance does not have enough dinars, which distributes the budget in dollars and we are buying the dollar ones," adding that "the dollar selling process carried out by the Bank is not marginal but are linked to the country's economy."
He added that "the budget deficit weakens the Bank it does not control the size of the money supply," noting that "the fragility of the security situation lead to take out money outside Iraq . " He stressed that "the power of the Iraqi dinar was the cause recovery neighboring countries economy," pointing out that "determining the ceiling It means Bank exemption from maintaining prices. " He continued that "the political interventions affect the operation of the bank," noting that "the statements media create upheaval market the dollar." He stressed Keywords on the need to "separate the cases of corruption, smuggling, between the general situation of the exchange rate". The bank CBI confirmed on Saturday (June 20, 2015), it has a foreign currency nearly twice the amount of the dinar in the market, noting that the bank does not have fears or concerns about the impact on the exchange rate.
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