Parliamentary Integrity Committee to meet with Deputy Governor of CBI to study the exchange rate crisis

Met with the President and members of the Parliamentary Integrity Committee on Sunday with Vice Governor of Central Bank of Iraq appearance of Dr. Mohammed Saleh to discuss the problematic of the Iraqi dinar exchange rates of the foreign currency.

According to a statement issued by the Bank received the “Gate of Iraq,” a copy of it, that the President and members of the Parliamentary Integrity Committee met with the Deputy Governor of Central Bank of Iraq (Dr. Mazhar Mohammad Saleh) and the Director General of the Anti-money laundering have been talking and trading procedures and mechanisms adopted by the Central Bank of Iraq to improve the operations foreign exchange and improve the Iraqi dinar exchange rate in order to serve the prosperity of the Iraqi economy.

Saw the U.S. dollar exchange rate in the local markets came to a significant increase to 1300 dinars per dollar during the past few days, in the face of the Council of Ministers set up a committee to study the fluctuation of the exchange rate of Iraqi dinar, stressing that the Commission will provide appropriate solutions to prevent harm to the national economy.

And continue the central bank, in his assertions, “This is nothing but bubbles rises price will disappear gradually, as it does not fit with the capabilities of the Iraqi economy, nor with the capacity of the central bank.”

Prevail and the commercial street a state of concern due to the continuous rise in the dollar exchange rate against the Iraqi dinar.

The same applies this concern to the public, after the assurances of experts and concerned with the financial and monetary, that demand will continue growing as long as tension prevails in the region, and specifically what is happening in Iran and Syria after the cessation of their dealings foreign bank. What drives these two dealers to search for Dhalthma in the capital market for the Iraqi on the U.S. dollar for trade finance in these countries.

He attributed the central bank, the reasons for the high exchange rate of the dollar against the Iraqi dinar in the local markets to increase demand significantly.