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The government Tuesday to discuss the repercussions of the decision of the central bank monopoly on currency
Writings Saturday, February 16, 2014
Informed expert banker familiar (writings) that the Iraqi Council of Ministers will discuss at its weekly routine next Tuesday repercussions of the central bank's decision last latest upheaval in the local market and caused a drop in the value of the Iraqi dinar against the dollar and that forcing local banks deposit amounts purchases of hard currency for up to Two weeks before allowing them to participate in the auction currency.
Under the central bank's decision and accordingly that this deposit in a special account and not Gary, which allows the central advantage of these large sums of money for the expense of banks, small is supported by the members of the parliament and the central bank governor, Abdul-Basit Turki, who insisted on continuing the implementation of this resolution, despite its dangerous consequences on the currency market and the results of the recession on the market will not recover from the consequences of the Iraqi economy to future years, if not canceled or wait to apply.
The expert said that the decisions of the Turkish banking system is studied and its relations with banks owned by Shiite figures may confound the Iraqi market at a time are in dire need of stability .. He explained that the Turkish act in the affairs of the Central Bank and errands serious charge which can be described Bagayd of missions that were undertaken and carried out by the previous Shabibi who get rid of Prime Minister Nuri al-Maliki for refusing to obey his wishes in Alataml with the currency and making transfers large amounts contrary to the laws in force.
The expert added that the withdrawal of banks and stockpiling at the Central Bank has been deprived of these banks from taking advantage of their money in the stock sale Hhoshra business deals and the Iraqi economy desperately needed.
He pointed to the practice of Turkish, which can be described Baltchribah also caused bargains and attractive offers between banks and owners of liquid funds supposedly directed to the trade and import of materials and goods, which led to deposit in the bank to buy foreign currency as the supply to 1,200 compared with sales of about 1235 in the sense that the Turkish other in operations increase the size of the brokers, not reduce it.
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Writings Saturday, February 16, 2014
Informed expert banker familiar (writings) that the Iraqi Council of Ministers will discuss at its weekly routine next Tuesday repercussions of the central bank's decision last latest upheaval in the local market and caused a drop in the value of the Iraqi dinar against the dollar and that forcing local banks deposit amounts purchases of hard currency for up to Two weeks before allowing them to participate in the auction currency.
Under the central bank's decision and accordingly that this deposit in a special account and not Gary, which allows the central advantage of these large sums of money for the expense of banks, small is supported by the members of the parliament and the central bank governor, Abdul-Basit Turki, who insisted on continuing the implementation of this resolution, despite its dangerous consequences on the currency market and the results of the recession on the market will not recover from the consequences of the Iraqi economy to future years, if not canceled or wait to apply.
The expert said that the decisions of the Turkish banking system is studied and its relations with banks owned by Shiite figures may confound the Iraqi market at a time are in dire need of stability .. He explained that the Turkish act in the affairs of the Central Bank and errands serious charge which can be described Bagayd of missions that were undertaken and carried out by the previous Shabibi who get rid of Prime Minister Nuri al-Maliki for refusing to obey his wishes in Alataml with the currency and making transfers large amounts contrary to the laws in force.
The expert added that the withdrawal of banks and stockpiling at the Central Bank has been deprived of these banks from taking advantage of their money in the stock sale Hhoshra business deals and the Iraqi economy desperately needed.
He pointed to the practice of Turkish, which can be described Baltchribah also caused bargains and attractive offers between banks and owners of liquid funds supposedly directed to the trade and import of materials and goods, which led to deposit in the bank to buy foreign currency as the supply to 1,200 compared with sales of about 1235 in the sense that the Turkish other in operations increase the size of the brokers, not reduce it.
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