Central bank to increase the sale of foreign currency by (100) thousand dollars a week

Attorney Rikabi: a central bank to increase the sale of foreign currency by (100) thousand dollars a week, will support the exchange rate of the Iraqi dinar

Date: 12/14/2012 17:36:25 Friday

Baghdad (news) .. Praised a member of the Committee on the economy and investment MP / National Alliance / Ibrahim Rikabi, a decision the central bank to increase the sale of hard currency to money transfer companies by (100) thousand dollars a week, will help stabilize the Iraqi dinar exchange rate.
Rikabi, (of the Agency news): The work of the Auction public of hard currency to hold true to support the national currency as it maintains the balance between supply and demand of currencies in the market, but during the last period included work Auction money laundering operations through contracts and fake companies that entered him. continued: in that period was the proportion (60%) of companies that do business with the central bank auction and fake in order to smuggle foreign currency and money laundering, ruling him that repeated those cases when the new administration of the Central Bank because they are aware of it and now they have the experience of what happened in the work of the previous administration. added: that a central bank to increase pumping dollar sales per week the exchange companies and money transfer is “sound” and will support the Iraqi dinar, because it responds to the demands of the market of currencies, provided that companies are real and not fake contracts fair to import goods and materials from abroad. mentions that the bank decided to increase the share auction weekly and granted to exchange companies and money transfer by 100 thousand dollars to exchange companies who increased their capital and the requirements of the Iraqi Central Bank actually to 500 million dinars dinars, while not increasing the quota to 150 thousand dollars for the money transfer companies who increased their capital before the date required by the Central Bank of Iraq actually to fifteen billion dinars. / end / 8. n. p /

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