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Monday 6/2/2014 9:23
Iraq today / special
saw the President of the Association of private banks, the economic expert, Abdul-Aziz Hassoun, the success of the central bank's measures, seeking to stabilize the exchange rate of the Iraqi dinar against other currencies, depending on the dollar cash deal to expand in the domestic market, more than dealing Iraqi dinar. Hassoun defended in his speech for "Iraq Today" about the actions carried out by the Central to stabilize the Iraqi currency: "stabilization of the exchange rate of the Iraqi dinar, is the primary concern, the Central Bank of Iraq, and drew Hassoun to the impact of opening the way for money transfer companies, to buy the dollar, without mediation: "give a chance to allow the money transfer companies, bought the dollar directly, without the mediation of a bank, a step needed to prevail dealing in dollars cash in the local market, more than dealing in Iraqi dinars, to increase the width of the dollar, which lead to a lack of demand for it, The increased demand for the Iraqi dinar, "and drew Hassoun example of Government Central last week, to support his hypothesis:" the central bank, has sold over the past week, more than / 300 / million in cash, all of which came down to the market, has been dealing in dollars, more than dealing Iraqi dinars, to commodities is simple consumer, a Mayshm rising value of the Iraqi dinar to the U.S. dollar. " Advisor Association of private banks, peace Sumaisem, has described the statements officials in the Iraqi Central Bank, up reserves of pure gold, up to 90 / / tonne, after that he bought 60 tons, during the last two months, to stabilize the price of the national currency, against the foreign currency, as "a blur." Sumaisem, she saw, that the central biased for the dollar against the Iraqi dinar, "rising central bank reserves of gold / 90 / tons, a positive sign to support the level of stability in the price of the national currency, but the central bank cut the price of the Iraqi dinar in currency auction to 1,200 dinars, compared to the U.S. dollar, after it was from 1180 to 1185 dinars, compared to the dollar, is a matter of question. " and claimed Sumaisem , that the decision of the Central, an increase of reserve gold, there are improvised: "The decision to increase the reserve of gold, it was by accident, and without planning, or economic vision, was not accompanied by a reduction rate of the dinar, with the increase in the reserve of gold," and felt Sumaisem, that the plans of the Central suffer from anemia clarity: "Plans of the central bank is still blurry and inaccurate." and the salient features in the face of plans for the central, showed Sumaisem: "All the plans the central bank, controlled by centralizing practices, and the totalitarian regime in all its actions", and optimized to take advantage Reserve Golden, called Sumaisem central to "take advantage of this reserve, for more freedom from the constraints imposed by the monetary policy, are affecting the real price of the dinar, and at the level of monetary stability in Iraq." It is noteworthy that the Governing Council of the Iraqi Central Bank, decided on yesterday, Saturday, to allow money transfer companies, bought the dollar directly, to cover the money orders and cash, according to the mechanisms that were announced, and without the need to center banks, said in a statement to the CBI, "The board of directors of the Central Bank of Iraq, held a meeting, headed by the governor and the agency, Abdul Basit Turki, and decided at the meeting, to allow money transfer companies, dollar buying directly from the auction sale of the dollar held by the bank every day, "and being the CBI auction day from Sunday to Thursday, for the sale of foreign currency, and involving banks are allowed to bank buys currency.
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Monday 6/2/2014 9:23
Iraq today / special
saw the President of the Association of private banks, the economic expert, Abdul-Aziz Hassoun, the success of the central bank's measures, seeking to stabilize the exchange rate of the Iraqi dinar against other currencies, depending on the dollar cash deal to expand in the domestic market, more than dealing Iraqi dinar. Hassoun defended in his speech for "Iraq Today" about the actions carried out by the Central to stabilize the Iraqi currency: "stabilization of the exchange rate of the Iraqi dinar, is the primary concern, the Central Bank of Iraq, and drew Hassoun to the impact of opening the way for money transfer companies, to buy the dollar, without mediation: "give a chance to allow the money transfer companies, bought the dollar directly, without the mediation of a bank, a step needed to prevail dealing in dollars cash in the local market, more than dealing in Iraqi dinars, to increase the width of the dollar, which lead to a lack of demand for it, The increased demand for the Iraqi dinar, "and drew Hassoun example of Government Central last week, to support his hypothesis:" the central bank, has sold over the past week, more than / 300 / million in cash, all of which came down to the market, has been dealing in dollars, more than dealing Iraqi dinars, to commodities is simple consumer, a Mayshm rising value of the Iraqi dinar to the U.S. dollar. " Advisor Association of private banks, peace Sumaisem, has described the statements officials in the Iraqi Central Bank, up reserves of pure gold, up to 90 / / tonne, after that he bought 60 tons, during the last two months, to stabilize the price of the national currency, against the foreign currency, as "a blur." Sumaisem, she saw, that the central biased for the dollar against the Iraqi dinar, "rising central bank reserves of gold / 90 / tons, a positive sign to support the level of stability in the price of the national currency, but the central bank cut the price of the Iraqi dinar in currency auction to 1,200 dinars, compared to the U.S. dollar, after it was from 1180 to 1185 dinars, compared to the dollar, is a matter of question. " and claimed Sumaisem , that the decision of the Central, an increase of reserve gold, there are improvised: "The decision to increase the reserve of gold, it was by accident, and without planning, or economic vision, was not accompanied by a reduction rate of the dinar, with the increase in the reserve of gold," and felt Sumaisem, that the plans of the Central suffer from anemia clarity: "Plans of the central bank is still blurry and inaccurate." and the salient features in the face of plans for the central, showed Sumaisem: "All the plans the central bank, controlled by centralizing practices, and the totalitarian regime in all its actions", and optimized to take advantage Reserve Golden, called Sumaisem central to "take advantage of this reserve, for more freedom from the constraints imposed by the monetary policy, are affecting the real price of the dinar, and at the level of monetary stability in Iraq." It is noteworthy that the Governing Council of the Iraqi Central Bank, decided on yesterday, Saturday, to allow money transfer companies, bought the dollar directly, to cover the money orders and cash, according to the mechanisms that were announced, and without the need to center banks, said in a statement to the CBI, "The board of directors of the Central Bank of Iraq, held a meeting, headed by the governor and the agency, Abdul Basit Turki, and decided at the meeting, to allow money transfer companies, dollar buying directly from the auction sale of the dollar held by the bank every day, "and being the CBI auction day from Sunday to Thursday, for the sale of foreign currency, and involving banks are allowed to bank buys currency.
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