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Central Bank of Iraq refuses to stop the auction sale of currency
Strong demand for the dollar in Iran
03.02.2012
Market has seen the currency in Iraq last month, troubled as a result of the surge in demand for foreign currencies, especially the dollar, which pride Iraqi bodies related to the procurement wide by some neighboring countries, especially Iran, which suffer from the pressure of international sanctions on its economy, in addition to Syria, which suffer disorders of local and wide.
This has led the turmoil Economic Committee in the Iraqi Council of Representatives to call on the central bank officially stop its daily auction to sell the currency, until the issuance of instructions that specify the entities that are entitled to deal with hard currency, to ensure that leaked out of Iraq in accordance with said committee chairman Dr Ahmed Al-Alwani.
Central Bank and by the Deputy Governor, Dr. Mazhar Mohammad Saleh confirmed to Radio Free Iraq, receiving a request of the Parliamentary Committee, and begun to answer official on it, but without the means to stop the auction, diminishing concerns arising from the turmoil relatively current. Salih stressed that the central bank has already asked the Parliamentary Committee in issuing instructions limit the sale of hard currency Iraqi citizens defined a fundamentalist. showed the first day of the application of the new instructions and a suspicious real in the process of buying the currency and smuggled to third parties.
According to Saleh, said that a surprise, this day was the low volume dollar sales of two hundred million a daily rate to only four million, stressing that the bank will not back down from these instructions that are designed to protect the Iraqi economy. to the said economic analyst Dargham Muhammad Ali to stop the central bank auction of foreign currencies will lead to disorder and the broad market Iraq, noting that the recent instructions of the Central Bank will be enough to stop the smuggling of currency to Iran and Syria.
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Strong demand for the dollar in Iran
03.02.2012
Market has seen the currency in Iraq last month, troubled as a result of the surge in demand for foreign currencies, especially the dollar, which pride Iraqi bodies related to the procurement wide by some neighboring countries, especially Iran, which suffer from the pressure of international sanctions on its economy, in addition to Syria, which suffer disorders of local and wide.
This has led the turmoil Economic Committee in the Iraqi Council of Representatives to call on the central bank officially stop its daily auction to sell the currency, until the issuance of instructions that specify the entities that are entitled to deal with hard currency, to ensure that leaked out of Iraq in accordance with said committee chairman Dr Ahmed Al-Alwani.
Central Bank and by the Deputy Governor, Dr. Mazhar Mohammad Saleh confirmed to Radio Free Iraq, receiving a request of the Parliamentary Committee, and begun to answer official on it, but without the means to stop the auction, diminishing concerns arising from the turmoil relatively current. Salih stressed that the central bank has already asked the Parliamentary Committee in issuing instructions limit the sale of hard currency Iraqi citizens defined a fundamentalist. showed the first day of the application of the new instructions and a suspicious real in the process of buying the currency and smuggled to third parties.
According to Saleh, said that a surprise, this day was the low volume dollar sales of two hundred million a daily rate to only four million, stressing that the bank will not back down from these instructions that are designed to protect the Iraqi economy. to the said economic analyst Dargham Muhammad Ali to stop the central bank auction of foreign currencies will lead to disorder and the broad market Iraq, noting that the recent instructions of the Central Bank will be enough to stop the smuggling of currency to Iran and Syria.
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