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Central bank: we have maintained the stability of the currency despite the instability in the markets
08/11/2014 14:50
Tomorrow's Press / Baghdad: Student Central Bank of Iraq, Monday, private banks and financial trading companies to adopt mechanisms to the financial statements in accordance with the international regulations accredited.
The central bank governor said the agency Abdel Basset Turki for "Tomorrow's Press", "The adoption of this mechanism also comes in application of article twenty of Law No. 93 on the Prevention of Money Laundering in force."
He added that "the central sent official letters all companies involved in the daily auction of the coin to publish statements in a maximum period of 15 days," adding that "the central bank maintained the stability of the Iraqi dinar despite the security conditions and the instability witnessed by the market as a result of this situation."
He continued that "the current policy of the central bank aims to create a balance in the Iraqi market and adjust the work of private banks and government alike, and to ensure the development of financial trading in Iraq."
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