Private banks have contributed to reducing the exchange rate of the Iraqi dinar against the dollar

Association of private banks: private banks have contributed to reducing the exchange rate of the Iraqi dinar against the dollar in the local market

30-09-2013 07:19 AM

reducing the exchange rate of the Iraqi dinar against the dollarBaghdad (news) .. The Executive Director of the Association of private banks Abdul Aziz Hassoun, the private banks have helped the central bank to reduce the dollar exchange rate against the Iraqi dinar in the domestic market after its commitment to the instructions of the Central Bank for the sale of hard currency. said Hassoun (of the Agency news): that the banks civil apply strongly all the instructions issued by the central bank, particularly with regard to the sale of hard currency, as it has sold dollar at asymptotic price official of the Central Bank. added: that the commitment of private banks instructions helped the central bank to lower the exchange rate of the dollar (1240) Iraqi dinars to the (1220) Iraqi dinars in the market, but the market is still not disciplined despite pumping central bank money is estimated (80) million dollars per day, but the demand is still growing on the dollar. was carrying some economists local banks responsibility fluctuation exchange rate of the Iraqi dinar against the dollar as a result of failing to comply with the instructions issued by the Bank Central on the sale of hard currency. / End

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