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Alsumaria News / Baghdad
said economic expert Majid picture, Tuesday, that the cash sales at the central bank auction is considered more dangerous than sales by remittances, in what was considered the attempt Bank reduced rate of the dinar against the dollar by continuing to sell hard currency is useless. said Suri said in an interview "Alsumaria News", that "the increase in cash sales at the present time ERA central bank, which conducted now considered more dangerous than selling remittances," attributing the reason for this is that "cash sales leads to weak control on how to use this money, and the possibility of smuggled away from the eyes circuit control. " He Suri said "try the central bank to limit the reduction rate of the dinar against the dollar by continuing to sell hard currency for Saturday, too, is useless," adding that "the bank is unable to stabilize the exchange rate of the dinar without the concerted efforts of the other parties of Ministries of Finance and Commerce and the Interior, in addition to the departments regulatory Other relevant money laundering. " witnessing central bank auction which will be held daily selling female foreign banks either in cash or by الحولات, where يستحصل whereby the commission of certain when converting amounts by الحولات. was established CBI bank independently under its law issued on the sixth of March of the year 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and was being sessions a day for the sale and purchase of foreign currencies, except on Friday and Saturday, but he start conduct the auction on Saturday also an attempt to stop the decline of the Iraqi dinar and to meet the growing demand for the dollar.
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