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Economics Committee: orientation private banks to sell the dollar at a rate less than the central bank will support the stability of the dinar exchange rate Read more: http://translate.googleusercontent.com/translate_c?depth=5&hl=en&rurl=translate.google

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Economics Committee: orientation private banks to sell the dollar at a rate less than the central bank will support the stability of the dinar exchange rate

20-06-2013 | (Voice of Iraq) -  Add a comment -


Baghdad (news)

Committee praised the economy and investment parliamentary by-step some private banks to sell foreign currency at a lower price than the price announced by the central bank, which will contribute to the stability of the exchange rate of the Iraqi dinar against the U.S. dollar.

He said the Commission's decision to MP for the coalition Aktl of Kurdistan Mahma Khalil (of the Agency news): The private banks and government have a link with the Central Bank on the subject of buying and selling hard currency with a view to taking him to the citizen, whether inside or outside Iraq.

He added: that the price of the dollar at the Central Bank of Iraq and the installer in the federal budget (1166) dinars, and sold to local banks at a price (1179) to be (13) dinars per dollar commission, and the banks in turn sells to the citizen and the owners of capital at a price (1189) dinars .

Between: the orientation done by some banks to sell the dollar civil less than Advertised price is a positive step towards the support and stability of the exchange rate of the dinar, which is witnessing a sharp fluctuation its price during the current period.

This has three banks announced a civil sell the dollar at a lower price than announced by the central bank, so as to support the exchange rate of the Iraqi dinar.


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