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Dollar outlets
14/04/2013 12:00 am
Baghdad morning
guessed financial expert on behalf of Hadi al-Tamimi, the stability of the exchange rate of the Iraqi dinar against the dollar, after the necessary measures taken by the administration of the Central Bank, included an increase of outlets selling hard currency.
Timimi said a press statement: The increase in the number of outlets for the sale of hard currency in banks government and private by the Central Bank will contribute significantly to the stability of the dinar exchange rate because it will meet the market needs of the dollar.
added that the sale of hard currency must be accompanied by other operations to monitor the sale and purchase and conversion processes external to curb currency smuggling and money laundering, that appear from time to time . This revealed the Finance Committee in the House of Representatives, for the start of the Iraqi Central Bank to take urgent action to preserve the stability of the Iraqi dinar exchange rate against the dollar by increasing outlets selling of foreign currency through the government and private banks. saw the dinar exchange rate against the U.S. dollar declined during the past few days where dollar rose against the dinar 1125 after it had been stable for 1120.
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