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Parliamentary Finance: the high value of the dinar against the dollar as a result regulatory action
24/05/2012 14:46:00
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The independent Iraqi news agency / Baghdad / and. Kh. A member of the Finance Committee Parliamentary Secretary Hadi said that "a proposal for the committee submitted to the Central Bank on increasing the number of those responsible for the sale of hard currency in the banking Rafidain and Rasheed, which was applied during the last few days has contributed to raise the value of the dinar against the U.S. dollar.
Hadi said the reporter (and independent Iraqi news agency) that "there is increased value of the dinar against the dollar after the central bank applied a proposal by the Finance Committee spends Auction diversification of foreign exchange and not restrict them to a limited number of companies."
He said the Secretary that "the central bank will be in accordance with the procedures to maintain exchange rate stability of the dinar against the dollar."
And saw the price of the dollar relative to local currency increased during the last few weeks and reached the exchange rate to about 1127 dinars to the dollar in the domestic market while the stable exchange rate of 1166 at an auction the bank, which he attributed Officials companies banking local to the central bank from making further action in the auction sale of foreign currency .
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24/05/2012 14:46:00
Font size:
The independent Iraqi news agency / Baghdad / and. Kh. A member of the Finance Committee Parliamentary Secretary Hadi said that "a proposal for the committee submitted to the Central Bank on increasing the number of those responsible for the sale of hard currency in the banking Rafidain and Rasheed, which was applied during the last few days has contributed to raise the value of the dinar against the U.S. dollar.
Hadi said the reporter (and independent Iraqi news agency) that "there is increased value of the dinar against the dollar after the central bank applied a proposal by the Finance Committee spends Auction diversification of foreign exchange and not restrict them to a limited number of companies."
He said the Secretary that "the central bank will be in accordance with the procedures to maintain exchange rate stability of the dinar against the dollar."
And saw the price of the dollar relative to local currency increased during the last few weeks and reached the exchange rate to about 1127 dinars to the dollar in the domestic market while the stable exchange rate of 1166 at an auction the bank, which he attributed Officials companies banking local to the central bank from making further action in the auction sale of foreign currency .
[You must be registered and logged in to see this link.]
