CBI confirms its control over the stability of the dinar and foreign currency trading
Said the Central Bank of Iraq, Saturday, on the application of the plans to control the stability of the Iraqi currency in local markets and the amount of hard currency in circulation.
The governor of the Bank and Abdul Basit Turki Agency, “The Central Bank has proven its potential capacity in keeping fiscal policy and the stability of the markets through his role in the play a vital role to create a balance in its daily auction for the sale of foreign currency. ” The Turkish “Bank also works to facilitate dealing with relevant institutions through dealing vocational and control routines in banking,” noting that “the policy set by the Bank by identifying outlets currency and pursue other non-licensed to sell the currency paid off in the stability of the dollar exchange rate in the the local market. “
The central bank held the Iraqi weekly auction of five meetings from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar
The FDA issued Public Integrity decision arrest Iraqi Central Bank Governor Sinan al-Shabibi, on charges of exercise of corruption in the auction currency daily, while arrest warrant was issued another right bank vice governor appearance of Mohammed Saleh after accusing him of participating in operations administrative and financial corruption in the same file.