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Central Bank: our actions do not target restriction
On: Tuesday 21/2/2012 7:27
□ Baghdad / follow-up long
description of the Iraqi Central Bank procedures initiated by the application since the beginning of this month, and private dealers with the auction for the sale of U.S. dollar Baltdqiqih, regulatory and not
restrictive. Deputy Governor of Bank of the appearance of Mohammed Saleh told Radio Free Iraq: that these measures Almtl_khash to be a trader with the auction dollar exclusively of Iraqis
Who have a current account in a bank approved and that a trader in support of its bank facility instrument provided for the purchase of the currency, "is part of the application of the law against money laundering in 2004 and face the phenomenon of attack rates recorded by the auction since December 2011 last, which rose with the size of the daily demand for purchase dollar 120 million to 420 million U.S. dollars was mostly for trade finance for both Syria and Iran Alkhadotain to UN economic sanctions.
He added that the central bank "can not be imposed any restrictive measures that Iraq is committed to free trade and open market economy, which means that the freedom of financial transfer guaranteed for all is to be within the guidelines, "Makdaaly that resulting from the application of regulatory recent rise in the price of the dollar against the dinar of 1180 dinars to 1220 per dollar" is in fact a bubble forming in the process of disappearing soon in light of the strength of their owned by the Iraqi currency and central enough cash reserves. "
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