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Parliamentary Finance: reduce the dinar exchange caused by the actions of the Central
BAGHDAD - World
Monday - 11 March 2013 - the fourth year - Issue 773 Monday-11 Mar 2013
Amin warned Hadi Abbas, a member of the Knesset Finance Committee, continued to reduce the exchange rate of the Iraqi dinar against the U.S. dollar in the coming period as a result of actions of the Central Bank to sell foreign currency.
Abbas said the agency "News" on Sunday, said that "reason for the devaluation of the dinar during the current period due to the complicated procedures followed by the Central Bank of the sale of hard currency in the auction, calling for easing measures sales to meet the needs of the market from the dollar."
He added that "the central bank adopted new instructions to banks and banking companies for their involvement auction for the sale of hard currency and equipped to the dollar, as well as determine the size of remittances, making there is an increasing demand for the dollar in the market."
"The administration should the central bank easing measures sell currencies in order not to create a new crisis in the sale and purchase of the dollar in the auction."
This witness the exchange rate of the Iraqi dinar relative decline against the dollar.
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BAGHDAD - World
Monday - 11 March 2013 - the fourth year - Issue 773 Monday-11 Mar 2013
Amin warned Hadi Abbas, a member of the Knesset Finance Committee, continued to reduce the exchange rate of the Iraqi dinar against the U.S. dollar in the coming period as a result of actions of the Central Bank to sell foreign currency.
Abbas said the agency "News" on Sunday, said that "reason for the devaluation of the dinar during the current period due to the complicated procedures followed by the Central Bank of the sale of hard currency in the auction, calling for easing measures sales to meet the needs of the market from the dollar."
He added that "the central bank adopted new instructions to banks and banking companies for their involvement auction for the sale of hard currency and equipped to the dollar, as well as determine the size of remittances, making there is an increasing demand for the dollar in the market."
"The administration should the central bank easing measures sell currencies in order not to create a new crisis in the sale and purchase of the dollar in the auction."
This witness the exchange rate of the Iraqi dinar relative decline against the dollar.
[You must be registered and logged in to see this link.]
