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Iraq stresses the need for the adoption of the current policy adopted by the Central Bank of Iraq
Editor: NQ Monday 10 September 2012 15: 38 GMT
During the meeting the delegation of Iraq Bank
Alsumaria news/Baghdad
Head of the House of Osama in Tehran Monday, the need to adopt the current policy adopted by the Central Bank of Iraq under the turbulent regional situation politically, economically and socially as well as having convinced that dollar is leaking out of the country illegally, called for the need to expedite the procedures for citizens ' access to the currency of the Bank in critical situations.
Iraq said in a statement released today, on the sidelines of a meeting of the library Fund of the World Bank delegation, and received "alsumaria news", a copy of which was discussion of economic policy and the World Bank to support the Central Bank of Iraq ", stating that" the head of the delegation commended the role of the House of representatives to improve the country's economy through the preservation of the independence and impartiality of the Central Bank and the adoption by Parliament of observations on the 2012 budget. "
He added that Iraq "policy adopted by the Central Bank of Iraq was considered by some conservative policy, but under the turbulent regional situation politically, economically and socially to be adopting this method, especially in the presence of conviction that the dollar is leaking out of the country illegally."
"He was talking about differences in exchange rates between the sales of Central Bank dollar trades in the Iraqi market," to "the need to facilitate procedures for citizens ' access to the currency from the Central Bank, in particular in critical situations such as treatment, study and scholarship".
The Central Bank of Iraq was announced, (August 11), foreign exchange reserves rise to 67 billion dollars, adding that these reserves are the largest in the history of Iraq, noting that these reserves is one monetary policy to reduce inflation in Iraq.
The Central Bank announced on 27 January last, high foreign currency reserves to $ 63 billion, having recorded on the 6th of January 2012 $ 60 billion Bank reserves, 50 billion dollars at the end of the year 2010.
The Iraqi Central Bank holds daily meetings for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of holidays which the Bank stops on these auctions, sales are either critically or in the form of money orders sold to abroad for work
The International Monetary Fund is a specialized agency of the Bretton Woods system established under an international treaty in 1945 to work on enhancing the safety of the world economy, the Fund is based in the US capital Washington, and managed by its members who include almost all the countries of the world their number of 185 countries.
The IMF over during 2009 appreciated the economic reforms in Iraq, included strengthening of the Central Bank and the restructuring of the two major public sector and reducing inflation which stood at more than 50% in 2006, it was also considered that the payment of receivables that had Iraq scheduled in 2009 reflects success in reforming financial policy Baghdad, significant financial resources derived from higher oil prices.
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Editor: NQ Monday 10 September 2012 15: 38 GMT
During the meeting the delegation of Iraq Bank
Alsumaria news/Baghdad
Head of the House of Osama in Tehran Monday, the need to adopt the current policy adopted by the Central Bank of Iraq under the turbulent regional situation politically, economically and socially as well as having convinced that dollar is leaking out of the country illegally, called for the need to expedite the procedures for citizens ' access to the currency of the Bank in critical situations.
Iraq said in a statement released today, on the sidelines of a meeting of the library Fund of the World Bank delegation, and received "alsumaria news", a copy of which was discussion of economic policy and the World Bank to support the Central Bank of Iraq ", stating that" the head of the delegation commended the role of the House of representatives to improve the country's economy through the preservation of the independence and impartiality of the Central Bank and the adoption by Parliament of observations on the 2012 budget. "
He added that Iraq "policy adopted by the Central Bank of Iraq was considered by some conservative policy, but under the turbulent regional situation politically, economically and socially to be adopting this method, especially in the presence of conviction that the dollar is leaking out of the country illegally."
"He was talking about differences in exchange rates between the sales of Central Bank dollar trades in the Iraqi market," to "the need to facilitate procedures for citizens ' access to the currency from the Central Bank, in particular in critical situations such as treatment, study and scholarship".
The Central Bank of Iraq was announced, (August 11), foreign exchange reserves rise to 67 billion dollars, adding that these reserves are the largest in the history of Iraq, noting that these reserves is one monetary policy to reduce inflation in Iraq.
The Central Bank announced on 27 January last, high foreign currency reserves to $ 63 billion, having recorded on the 6th of January 2012 $ 60 billion Bank reserves, 50 billion dollars at the end of the year 2010.
The Iraqi Central Bank holds daily meetings for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of holidays which the Bank stops on these auctions, sales are either critically or in the form of money orders sold to abroad for work
The International Monetary Fund is a specialized agency of the Bretton Woods system established under an international treaty in 1945 to work on enhancing the safety of the world economy, the Fund is based in the US capital Washington, and managed by its members who include almost all the countries of the world their number of 185 countries.
The IMF over during 2009 appreciated the economic reforms in Iraq, included strengthening of the Central Bank and the restructuring of the two major public sector and reducing inflation which stood at more than 50% in 2006, it was also considered that the payment of receivables that had Iraq scheduled in 2009 reflects success in reforming financial policy Baghdad, significant financial resources derived from higher oil prices.
[You must be registered and logged in to see this link.]
