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Central Bank to the new procedures for the disbursement of foreign currency
By: management of the Centre
On: Tuesday 21/02/2012 20:57
Denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the central bank measures to remove zeros from the currency in the month of May next.
He said: "What appeared in the media about the start of procedures to delete the zeros in the month of next May, is unfounded," noting that such a move begins with the beginning of the new fiscal year and not in the middle of it.
Saleh continued: "central bank will as of tomorrow, new measures provide for the banks interest rate on the price of foreign currency to the sale of not more than 10 dinars, because the central bank sold dollars to banks at the price of 1179 dinars, and should not be selling them to citizens more than the price of 1189 dinars. "
He noted that banks in case of violation of the new instructions will be the withdrawal of a license to deal in the market, including the central bank auctions of foreign currency.
He stressed that this measure was to prevent the monopoly of the banks that are not consistent with the policies of the Central Bank, which states not to take advantage of citizens to raise interest rates to the degree of influence on the exchange rate of foreign currency in the domestic market. The press sources indicated to start the process of deleting the zeros in the beginning of next May
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By: management of the Centre
On: Tuesday 21/02/2012 20:57
Denied the deputy governor of the Central Bank of the appearance of Mohammed Saleh, the central bank measures to remove zeros from the currency in the month of May next.
He said: "What appeared in the media about the start of procedures to delete the zeros in the month of next May, is unfounded," noting that such a move begins with the beginning of the new fiscal year and not in the middle of it.
Saleh continued: "central bank will as of tomorrow, new measures provide for the banks interest rate on the price of foreign currency to the sale of not more than 10 dinars, because the central bank sold dollars to banks at the price of 1179 dinars, and should not be selling them to citizens more than the price of 1189 dinars. "
He noted that banks in case of violation of the new instructions will be the withdrawal of a license to deal in the market, including the central bank auctions of foreign currency.
He stressed that this measure was to prevent the monopoly of the banks that are not consistent with the policies of the Central Bank, which states not to take advantage of citizens to raise interest rates to the degree of influence on the exchange rate of foreign currency in the domestic market. The press sources indicated to start the process of deleting the zeros in the beginning of next May
[You must be registered and logged in to see this link.]
