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CBI confirms the high sales of hard currency graduallyPosted: February 13, 2012 in Iraqi Dinar/Politics
Tags: Baghdad, bank, Central Bank Iraq, Currency, Hard currency, iran, Iraq, Maysan Governorate 13/02/2012 08:23
Baghdad, February 13 (Rn) – The Central Bank of Iraq, on Monday, it did not reduce the sales of hard currency, but the imposition of measures to protect the country’s economy deteriorated, as he emphasized that some speculators local used the measures the bank and create enough with him to reduce his sales started rising gradually.
The deputy governor of Bank of the appearance of Mohammed, told the Kurdish news agency (Rn), “Sales Central Bank of Iraq fell after the imposition of new measures for transactions of $ 200 million to less than $ 4 million last Thursday,” noting that “sales on the rise and reached nearly $ 68 million “.
He said the deputy governor of Bank of Iraq that “the analysis of the bank to purchase volumes for the difficult process leads to two reasons: first is the existence of a users tried to thwart the new bank procedures and controls, and the other reason is the existence of a culture of fear among Iraqis.”
He said “a lot of Iraqi traders have many transactions and have fear,” noting that “the Bank discovered that some traders do not have a bank account,” and expressed surprise at “the existence of traders do not have a bank account.”
And that “sowed some of the central bank cut its sales of foreign exchange thus leaving an impact in the market led to the rise of the dollar compared to local currency”, describing the rise of “temporary.”
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.
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.
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Tags: Baghdad, bank, Central Bank Iraq, Currency, Hard currency, iran, Iraq, Maysan Governorate 13/02/2012 08:23
Baghdad, February 13 (Rn) – The Central Bank of Iraq, on Monday, it did not reduce the sales of hard currency, but the imposition of measures to protect the country’s economy deteriorated, as he emphasized that some speculators local used the measures the bank and create enough with him to reduce his sales started rising gradually.
The deputy governor of Bank of the appearance of Mohammed, told the Kurdish news agency (Rn), “Sales Central Bank of Iraq fell after the imposition of new measures for transactions of $ 200 million to less than $ 4 million last Thursday,” noting that “sales on the rise and reached nearly $ 68 million “.
He said the deputy governor of Bank of Iraq that “the analysis of the bank to purchase volumes for the difficult process leads to two reasons: first is the existence of a users tried to thwart the new bank procedures and controls, and the other reason is the existence of a culture of fear among Iraqis.”
He said “a lot of Iraqi traders have many transactions and have fear,” noting that “the Bank discovered that some traders do not have a bank account,” and expressed surprise at “the existence of traders do not have a bank account.”
And that “sowed some of the central bank cut its sales of foreign exchange thus leaving an impact in the market led to the rise of the dollar compared to local currency”, describing the rise of “temporary.”
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.
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.
[You must be registered and logged in to see this link.]
