Decline in central bank sales will help stabilize the exchange rate of the Iraqi dinar against the dollar

Member of the economy: the decline in central bank sales of foreign currency will help stabilize the exchange rate of the Iraqi dinar against the dollar

Date: 04/11/2012 08:14:23 Sunday

Baghdad (news) .. Ills member of the Committee on the economy and investment MP / National Alliance / Ibrahim Rikabi, reasons behind the decline central bank sales of dollar due to the dimensions of the front companies that were buying currencies and large quantities of bank auction, stressing that this decline will help stabilize the exchange rate of the dinar against the dollar.
said Rikabi (of the Agency news): The reason sales fell Central Bank for hard currency back to the committees formed by the House of Representatives, which revealed the existence of violations in the sale of hard currency auction the central bank through the deal with fake companies and (80%) are buying Dollar and in large quantities without having import of the country. continued: This is what led to the depletion of foreign currency during the past period and the reason for increasing the exchange rate of the dinar against the dollar, noting after the disclosure of those operations fell companies announced plans evil in the process of buying the dollar auction. added: there significant role of the two financial and economic Alniabaten for the detection of money laundering through Mtbaavatha field work’s central bank, noting that the decline in the sale of hard currency is positive because it will help stabilize the dinar exchange rate and maintain the financial balance of hard currency for the country. / end / 8. n. p /

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