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Central Bank decides to enter the banking companies to auction currency "without broker"
Author: HA, HH, SSJ
Editor: HA, HH
21/04/2014 11:02
Long-Presse / Baghdad
Decided the Iraqi Central Bank, on Monday, to allow banking companies financial enter the currency auction "without broker", and stressed that this action will contribute to the stability of the price of "dinar" and expands the auction of foreign currency, as pointed out that those companies would be "a true partner" to support economy.
The central bank said in a statement received (range Press), a copy of "Central Bank Governing Council decided at its meeting held on Sunday, the money transfer companies to open accounts directly with the Central Bank of Iraq, the Iraqi dinar and the dollar to carry out the purchase of foreign currency."
The bank added that "this process will expand special events auction of foreign currency and contribute to the stability of the exchange rate permanently, as well as making these companies a true partner in operations supporting the economy and the stability of the Iraqi dinar."
The number of owners of banking companies financial, criticized Tuesday (3 December 2013), the clampdown that followed the central bank and the routine which controls procedures, and argued that they can not approach the Office of any employee to ask about the fate of their transactions, as emphasized that the central bank Iraqi lacks regulations in its dealings, pointed out that what puts Bank of instructions and controls "and the harsh injustice."
The Central Bank of Iraq (November 24, 2013) seeks to amend the banking laws, including the proportion to the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that going to play a developmental role of the Iraqi economy.
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Author: HA, HH, SSJ
Editor: HA, HH
21/04/2014 11:02
Long-Presse / Baghdad
Decided the Iraqi Central Bank, on Monday, to allow banking companies financial enter the currency auction "without broker", and stressed that this action will contribute to the stability of the price of "dinar" and expands the auction of foreign currency, as pointed out that those companies would be "a true partner" to support economy.
The central bank said in a statement received (range Press), a copy of "Central Bank Governing Council decided at its meeting held on Sunday, the money transfer companies to open accounts directly with the Central Bank of Iraq, the Iraqi dinar and the dollar to carry out the purchase of foreign currency."
The bank added that "this process will expand special events auction of foreign currency and contribute to the stability of the exchange rate permanently, as well as making these companies a true partner in operations supporting the economy and the stability of the Iraqi dinar."
The number of owners of banking companies financial, criticized Tuesday (3 December 2013), the clampdown that followed the central bank and the routine which controls procedures, and argued that they can not approach the Office of any employee to ask about the fate of their transactions, as emphasized that the central bank Iraqi lacks regulations in its dealings, pointed out that what puts Bank of instructions and controls "and the harsh injustice."
The Central Bank of Iraq (November 24, 2013) seeks to amend the banking laws, including the proportion to the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that going to play a developmental role of the Iraqi economy.
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