14 banks cut dollar .. and adviser Abadi: action shows the Iraqi market ethics

14 banks cut dollar .. and adviser Abadi: action shows the Iraqi market ethics

Publishing Date: Sat, 23 May two thousand and fifteen 5:18:57 p.m.

14 banks cut dollar and adviser Abadi - action shows the Iraqi market ethicsBAGHDAD – Today’s News

The Iraqi Association of Banks, on Saturday, an initiative to reduce the cash sales to the dollar for citizens and companies from the banking, on Sunday, indicated that it will be sold for 1193 dinars to the dollar.

The association said in a statement, received “Today’s News” a copy of it, he was “in support of monetary policy of the Central Bank of Iraq and to ensure the stability of the exchange rate took the initiative of private banks (Ashur, the Middle East, through Iraq, the Islamic National, Union, Gulf, Dar es Salaam, the Islamic country, Islamic Iraqi, United, Arbil, commercial region, the Iraqi credit) to reduce cash sales for citizens and companies banking rate by 1193 dinars to the dollar and the price of 1192 dinars to the dollar remittances of Btdae on Sunday. ”

Association added that “banks will follow their customers from banking companies to commit to this initiative and its windows open to the public and sell these specific prices.” For his part, he said the appearance of Mohammed Saleh, Prime Minister Haider al-Abadi Counselor for Economic Affairs, said that “This initiative shows the Iraqi market ethic, a goodwill gesture by these banks.”

Saleh added, in an interview with “Today’s News” that “these banks account for more than 50% of the bidders on the proportion of hard currency.” Saleh pointed out that “the government’s economic policy direction of the market is starting to bear fruit, the Azad period before the central bank raised the dollar amount of the sale and the amount of remittances to support these banks.”

Saleh stressed that “this gesture prevent speculation that harm the Iraqi economy.” Saleh pointed out that “the Central Bank of Iraq trillion dinars allocated for the financing of small and medium enterprises, will be allocated for the banks to maintain their liquidity and revitalization engaged with customers, which necessarily will push stock prices to rise.”