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Central Bank: U.S. Adgot for our decision on the latter and the Iraqi dinar currency to the difficult one of the countries neighboring
On: Sun 02/05/2012 18:03
Mustafa Al Hashimi Baghdad
Central Bank of Iraq began the application of new measures over the sales of the dollar, saying that «No U.S. pressure on us never (new procedures)». , And our friends the Americans have nothing to do never the subject, which led to a significant reduction in the rates of selling currency. The decision comes amid suspicions of Iraqi officials about attempts to Iranian and Syrian traders buy the currency this difficult because of the sanctions imposed on both Iran and Syria, the depreciation of local currency in these two neighboring countries of Iraq.
The deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh «We started in the first of February, the application of new regulatory instructions (...) provides for the bank to know who wants to get on the dollar for his clients, who asked him to buy the currency». He said in a statement (the citizen) that «the bank customers to prove they have personal accounts in which money and have a base of actual information in the bank in addition to the fixed income».
Saleh explained that the reason behind these actions goes back to that «a lot of buyers hiding behind other people, ie, that of not buying a real person». He noted that this procedure reduces a lot of the money laundering operations that may occur in Iraq. Indicating that «the regional factors are important and workers especially Syria and Iran, because there is overlap between the trade of these countries as well as Turkey and Saudi Arabia, the Gulf».
He «When we saw that there is extra demand amid the complexities of regional, we want to check more in the nature of sales and customers».
Saleh said that «on the first day we started the implementation of these measures we sold three million dollars», after the sale of these rates of currency during the last three months «about $ 200 million in one day».
And interpreted for the significant reduction in the rates of recent sales of the dollar by saying that «the customers may fear for their privacy bank».
He stressed: Iran faces financial penalties and Syria, which has moved it to the search for hard currency, which Iraq may be one of the basic sources.
The Central Bank has denied reports by some media-borne officials of local firms to banking it off the sale of hard currency as a measure to protect the Iraqi economy by what exposed region of the political crisis. Indicating that global action is taken to determine the beneficiaries.
And saw the price of the dollar compared to a rise in local currency during the past few days, which officials attributed to a local banking companies, the central bank to stop sales of hard currency. And picked up local media for widening the sale of hard currency to Iranian businessmen at border crossings, especially in the province of Maysan, unless confirmed by the Central Bank of Iraq.
Saleh said that «the Central Bank of Iraq did not stop the sale of hard currency and engage within said rumors (...) there is a window open sale, and sale is part of our job to intervene in maintaining the stability of the currency».
He pointed out that «the central bank has asked to be forerunners of the auction official party and disclose the information beneficiaries are they people and Humayun or real», indicating that the bank «request that possess any person who provides for the purchase of dollar current account and an instrument certified guns and a copy of the instrument authority».
And the Deputy Governor of the Bank that the «Bank procedures is a universal rule, and fall within the banking supervision».
And works according to the Iraqi Central Bank Law No. 56 of 2004, and held five meetings a week in the daily auction for the public sale of foreign currency.
The main tasks of the Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
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On: Sun 02/05/2012 18:03
Mustafa Al Hashimi Baghdad
Central Bank of Iraq began the application of new measures over the sales of the dollar, saying that «No U.S. pressure on us never (new procedures)». , And our friends the Americans have nothing to do never the subject, which led to a significant reduction in the rates of selling currency. The decision comes amid suspicions of Iraqi officials about attempts to Iranian and Syrian traders buy the currency this difficult because of the sanctions imposed on both Iran and Syria, the depreciation of local currency in these two neighboring countries of Iraq.
The deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh «We started in the first of February, the application of new regulatory instructions (...) provides for the bank to know who wants to get on the dollar for his clients, who asked him to buy the currency». He said in a statement (the citizen) that «the bank customers to prove they have personal accounts in which money and have a base of actual information in the bank in addition to the fixed income».
Saleh explained that the reason behind these actions goes back to that «a lot of buyers hiding behind other people, ie, that of not buying a real person». He noted that this procedure reduces a lot of the money laundering operations that may occur in Iraq. Indicating that «the regional factors are important and workers especially Syria and Iran, because there is overlap between the trade of these countries as well as Turkey and Saudi Arabia, the Gulf».
He «When we saw that there is extra demand amid the complexities of regional, we want to check more in the nature of sales and customers».
Saleh said that «on the first day we started the implementation of these measures we sold three million dollars», after the sale of these rates of currency during the last three months «about $ 200 million in one day».
And interpreted for the significant reduction in the rates of recent sales of the dollar by saying that «the customers may fear for their privacy bank».
He stressed: Iran faces financial penalties and Syria, which has moved it to the search for hard currency, which Iraq may be one of the basic sources.
The Central Bank has denied reports by some media-borne officials of local firms to banking it off the sale of hard currency as a measure to protect the Iraqi economy by what exposed region of the political crisis. Indicating that global action is taken to determine the beneficiaries.
And saw the price of the dollar compared to a rise in local currency during the past few days, which officials attributed to a local banking companies, the central bank to stop sales of hard currency. And picked up local media for widening the sale of hard currency to Iranian businessmen at border crossings, especially in the province of Maysan, unless confirmed by the Central Bank of Iraq.
Saleh said that «the Central Bank of Iraq did not stop the sale of hard currency and engage within said rumors (...) there is a window open sale, and sale is part of our job to intervene in maintaining the stability of the currency».
He pointed out that «the central bank has asked to be forerunners of the auction official party and disclose the information beneficiaries are they people and Humayun or real», indicating that the bank «request that possess any person who provides for the purchase of dollar current account and an instrument certified guns and a copy of the instrument authority».
And the Deputy Governor of the Bank that the «Bank procedures is a universal rule, and fall within the banking supervision».
And works according to the Iraqi Central Bank Law No. 56 of 2004, and held five meetings a week in the daily auction for the public sale of foreign currency.
The main tasks of the Bank to maintain price stability, and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
[You must be registered and logged in to see this link.]
