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Claims of the Central Bank to halt decline in the Iraqi dinar against the dollar
07-04-2012 11:41 AM
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Commission asked for the economy and investment parliamentary Central Bank of Iraq to take practical steps and serious to limit the decline in Iraqi dinar exchange rate in local markets against the dollar.
A member of the Committee Aziz Sharif Mayahi that 'the central bank controls and the application of strict penalties on banks that violate financial regulations and instructions issued by Central Bank of Iraq, which obliges banks to sell the dollar at the price specified formally. " said Mayahi in a press statement that the 'low rate of the dinar against the dollar has caused a rise in commodity prices in the domestic market and to add new burdens on the shoulders of citizens, especially the poor.' and stressed the need 'to detect More spoilers and the development banks and companies off the black list ', blaming the Iraqi Central Bank, full responsibility for any reduction in the Iraqi dinar exchange rate against the dollar as responsible for formulating monetary policy in Iraq.
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