Central Bank confirms that the policy reduced the difference between the exchange rate

Central Bank confirms that the policy reduced the difference between the exchange rate within and outside the Bank

Published on Saturday, 06 October 2012 08:21

Baghdad/ Obelisk: the central bank of Iraq, Saturday, that the new policy to sell the currency followed by the Bank reduced the difference between the price of foreign currency inside and outside the bank to 2%.

The deputy governor of the Bank the appearance of Mohammed Saleh for “obelisk”, “The sale of foreign currency in the central bank auction and the policy has reduced the difference in the sale of that currency within the bank and outside by up to 2%,” pointing out that “such a slim edge is manifestation of success of the Bank’s new policy. ”

Saleh pointed out that “banks authorized to sell the dollar now at 1189 dinars, while not exceeding the price outside banks 1300 dinars to the dollar,” noting that “the Bank does not allow for the Iraqi people to buy the amount of more than 10 thousand dollars from the bank, also does not allow him to buy more than five thousand dollars from banks authorized. ”

Saleh denied reports that said that “the bank will reduce this amount of currency,” noting that “his plan aims to
Maintaining the value of the Iraqi dinar and maintain hard currency held by Iraq of loss and smuggling abroad. ”

The parliamentary Finance Committee has accused the central bank of a “lack of planning and mismanagement” regarding auction sale of hard currency held by the bank every day, pointing to the existence of the “mafias” within the bank is seeking to empty the country of hard currency.
Source: almasalah