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Central Bank: The rise of the dollar bubble and just have the highest reserve balance up to (60) Mllardolar
2012-02-06 16:53:25
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BAGHDAD (Iba) ... Description of the Central Bank of the dollar as the case of high air bubble that will be gone blank and can be controlled, pointing at the same time that the bank has the highest reserve balance up to (60) Mllardolar.
Deputy Central Bank in favor of the appearance of a press statement today that the case of high dollar recently obtained due to the weak local production and the withdrawal of foreign exchange by importing foreign goods and materials.
He explained: that the central bank began developing specific conditions for those wishing to buy the currency, including a certified check to prove his identity as the sale to (3) million after what was (200) million.
He continued in favor: that the withdrawal of the dollar markets do not offset by the withdrawal of the national currency is born a kind of imbalance in the exchange rate of the dollar and gave the impression of height in front of the dinar.
Mentioned: that the central bank has control over the liquidity by having a well thought out mechanisms such as the withdrawal from the market should the dinar against the dollar out, and this is the case of the balance sheet of the Central Bank which is one.
The Central Bank of Iraq began the application of new measures over the sales of the dollar, which led to a significant reduction in the rates of sales at the weekly auction held by the bank.
The decision must be increased in the recent warnings of attempts by Iranian and Syrian traders buy foreign currency through Iraqi agents because of the sanctions imposed on both Iran and Syria, the depreciation of local currency in these two neighboring countries of Iraq.
Showed daily bulletin issued by the Central Bank of Iraq for its daily auction sales dollar on Thursday amounted to about four million dollars, knowing that the auction is down for Fridays, Saturdays and Cdj because of the holiday.
According to sources of financial and economic figures that Iraq has become the largest arena for money laundering, the Iranian and washed by pumping Iraqi dinars false and the withdrawal of the dollar. Sources confirm that the phenomenon has become more like economic disaster surprising of overlooked despite the fact that the Iraqi dinar fake conquer markets and the dollar pulls out of the Iraqi market to Iran and Syria. (she said)
And accused the banks have become a civil as a cover for laundering the money, which facilitates the process of Iranian investment in Iraq.
For his part, warned the head of the economy and investment parliamentary Ahmed Suleiman al-Alwani of serious impacts on the Iraqi economy by smuggling millions of dollars and quantities of gold to Syria and Iran. Said Alwani, there are destinations in Iraq trying to work to relieve the pressure on the Iranian and Syrian governments through the smuggling of money in millions of dollars, as well as the smuggling of gold to support the economy of those countries.
Already told the independent press (Iba) that quoted former deputy Taha Lahibi past the end of January as saying that Iran and with the help of some of its customers who sold Iraq the Iraqi market is sinking in Iraqi currency counterfeit.
He noted that Iran Lahibi to the introduction of counterfeit Iraqi currency to Iraq through Syria for the purpose of purchasing foreign currency in the silence of a government in place.
As media reports revealed that the Iraq-Iran border is witnessing huge demand for dollar by the Iranians after the decline in the value of the currency of Iran (Altoman) as a result of economic sanctions imposed on Iran. (End)
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2012-02-06 16:53:25
________________________________________
[-] Text [+]
BAGHDAD (Iba) ... Description of the Central Bank of the dollar as the case of high air bubble that will be gone blank and can be controlled, pointing at the same time that the bank has the highest reserve balance up to (60) Mllardolar.
Deputy Central Bank in favor of the appearance of a press statement today that the case of high dollar recently obtained due to the weak local production and the withdrawal of foreign exchange by importing foreign goods and materials.
He explained: that the central bank began developing specific conditions for those wishing to buy the currency, including a certified check to prove his identity as the sale to (3) million after what was (200) million.
He continued in favor: that the withdrawal of the dollar markets do not offset by the withdrawal of the national currency is born a kind of imbalance in the exchange rate of the dollar and gave the impression of height in front of the dinar.
Mentioned: that the central bank has control over the liquidity by having a well thought out mechanisms such as the withdrawal from the market should the dinar against the dollar out, and this is the case of the balance sheet of the Central Bank which is one.
The Central Bank of Iraq began the application of new measures over the sales of the dollar, which led to a significant reduction in the rates of sales at the weekly auction held by the bank.
The decision must be increased in the recent warnings of attempts by Iranian and Syrian traders buy foreign currency through Iraqi agents because of the sanctions imposed on both Iran and Syria, the depreciation of local currency in these two neighboring countries of Iraq.
Showed daily bulletin issued by the Central Bank of Iraq for its daily auction sales dollar on Thursday amounted to about four million dollars, knowing that the auction is down for Fridays, Saturdays and Cdj because of the holiday.
According to sources of financial and economic figures that Iraq has become the largest arena for money laundering, the Iranian and washed by pumping Iraqi dinars false and the withdrawal of the dollar. Sources confirm that the phenomenon has become more like economic disaster surprising of overlooked despite the fact that the Iraqi dinar fake conquer markets and the dollar pulls out of the Iraqi market to Iran and Syria. (she said)
And accused the banks have become a civil as a cover for laundering the money, which facilitates the process of Iranian investment in Iraq.
For his part, warned the head of the economy and investment parliamentary Ahmed Suleiman al-Alwani of serious impacts on the Iraqi economy by smuggling millions of dollars and quantities of gold to Syria and Iran. Said Alwani, there are destinations in Iraq trying to work to relieve the pressure on the Iranian and Syrian governments through the smuggling of money in millions of dollars, as well as the smuggling of gold to support the economy of those countries.
Already told the independent press (Iba) that quoted former deputy Taha Lahibi past the end of January as saying that Iran and with the help of some of its customers who sold Iraq the Iraqi market is sinking in Iraqi currency counterfeit.
He noted that Iran Lahibi to the introduction of counterfeit Iraqi currency to Iraq through Syria for the purpose of purchasing foreign currency in the silence of a government in place.
As media reports revealed that the Iraq-Iran border is witnessing huge demand for dollar by the Iranians after the decline in the value of the currency of Iran (Altoman) as a result of economic sanctions imposed on Iran. (End)
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