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Central Bank: 10 dinars per dollar commission sale
On: Tuesday 21/02/2012 20:12
Baghdad - Mostafa Hashemi
Iraqi Central Bank has issued instructions to all banks and money transfer companies and banking to determine the dollar and selling commission identified ten dinars to the dollar. The deputy governor of the Central Bank of the appearance of Mohammed Saleh (citizen) that «the Central Bank issued instructions will arrive for all banks to compel banks and remittance companies financial and banking companies not to charge commission for more than ten dinars per dollar above the price of the window», warning «any bank or company manipulator this matter as a deterrent measures will be taken right to be the simplest removal from the auction rates for long is not defined ». Salih stressed that «the new instructions designed to make the citizen has a price, the final of the auction and return banks to the rules of banking right, and continue in its role of mediator between the central bank and the buyer in a transparent manner does not turn into a buyer final controls the rate of interest», pointing out that «the interest of the auction price currently limited to brokers who create either a parallel market ». Saleh explained that «the banks the monopoly because it is only able to login to the window to sell the currency at the Central Bank, and instead of that the bank is an intermediary between the Central Bank and the buyers of the dollar now buys from the central bank and sell at a price that he wants the bank which created a state monopoly bad and the price of monopoly they have His creation so that they instead take the tenth dinars per dollar, the commission reached their commissions to 56 dinars », stressing that« the Central Bank has studied the situation well and decided to issue such instructions to the bank would Uncle proper redress ».
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On: Tuesday 21/02/2012 20:12
Baghdad - Mostafa Hashemi
Iraqi Central Bank has issued instructions to all banks and money transfer companies and banking to determine the dollar and selling commission identified ten dinars to the dollar. The deputy governor of the Central Bank of the appearance of Mohammed Saleh (citizen) that «the Central Bank issued instructions will arrive for all banks to compel banks and remittance companies financial and banking companies not to charge commission for more than ten dinars per dollar above the price of the window», warning «any bank or company manipulator this matter as a deterrent measures will be taken right to be the simplest removal from the auction rates for long is not defined ». Salih stressed that «the new instructions designed to make the citizen has a price, the final of the auction and return banks to the rules of banking right, and continue in its role of mediator between the central bank and the buyer in a transparent manner does not turn into a buyer final controls the rate of interest», pointing out that «the interest of the auction price currently limited to brokers who create either a parallel market ». Saleh explained that «the banks the monopoly because it is only able to login to the window to sell the currency at the Central Bank, and instead of that the bank is an intermediary between the Central Bank and the buyers of the dollar now buys from the central bank and sell at a price that he wants the bank which created a state monopoly bad and the price of monopoly they have His creation so that they instead take the tenth dinars per dollar, the commission reached their commissions to 56 dinars », stressing that« the Central Bank has studied the situation well and decided to issue such instructions to the bank would Uncle proper redress ».
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