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Accuse the central banks to "circumvent" the sale of hard currency
On: Friday 5/18/2012 5:37
Baghdad / long
accused the central bank banks except Rasheed Bank to "circumvent" the rate of profit to sell hard currency specified by the bank, noting that those banks turned to the buyer and seller of a final rather than being a mediator between the central bank and the buyer of foreign currency.
The deputy governor of Bank of the appearance of Mohammed, according to (Rn) that, alas, banks, except for Rasheed Bank does not charge the rate of profit given to it by the central bank sells foreign currency for consumers with a rate of ten dinars per dollar. "
The appearance of the banks, rather than a ring link between the Central Bank of Iraq and the buyer turned into a buyer final and seller final and started to sell foreign currency at black market to consumers. "
He said bankers have tricks and twisting to get the commission monopoly does not care about the country's economy, "noting that" the solution lies in supplying the market in foreign currency sufficient . "
and picked up local media reports about the widening phenomenon of smuggling hard currency from Iraq to Syria and Iran on the border crossings which has not been confirmed by the Central Bank of Iraq.
and subject Iran because of its nuclear program and Syria as a result of public protest to international sanctions harsh and exposed markets of both countries to collapse economically because of weakness of the financial liquidity of foreign exchange.
The main task of the central bank in maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of reserves of foreign currency and the organization of the banking sector.
and approved the Central Bank of the existence of an imbalance in the exchange rate of the dinar and confirmed his quest to unify the exchange rate between him and the markets local and denied at the same time the value of any deterioration of the Iraqi dinar.
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