Linking central bank auction electronic network will support the national currency

Parliament: linking central bank auction electronic network with financial institutions will reduce corruption and support the national currency

Date: 26/01/2013 14:27:58 Saturday

Baghdad (news) .. praised a member of the Committee on the economy and investment MP / coalition of Kurdish blocs / Jassim Mohammed Hussein, step the central bank to link the auction on the sale of hard currency electronically with institutions Bank and the Ministry of Finance and the General Authority for taxes will reduce the financial corruption and will support the national currency in the country.
Hussein said (of the Agency news): The new technology when applied correctly and in accordance with modern global mechanisms will reduce the boring routine of prevailing in all government departments will support the national currency and the central bank because it will shorten the time and perform transactions as soon as possible.

He added: You must develop the financial and banking services with the latest technology to keep pace with global developments in banks and international financial institutions to contribute to the support and development of the national economy.

It was announced the Central Bank of Iraq, on the implementation of the steps the electronic linking of information daily auction of foreign currency between institutions Bank and the Ministry of Finance and the General Authority for taxes.

The central bank held the Iraqi weekly auction of five meetings for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar. / End / 8. N. P /

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