Finance: We have an enormous amount of hard currency .. and on the bank to maintain the strength of the dinar

Finance: We have an enormous amount of hard currency .. and on the bank to maintain the strength of the dinar

05.02.2015

Finance - We have an enormous amount of hard currency - bank to maintain the strength of the dinarBrother – Sam Mullah
He said the parliamentary finance committee member Masood Haider said, “Article 50 of the Budget Law obliges the central bank to determine sales of the dollar ceiling does not exceed $ 75 million, with the exercise of justice in the sale.”
Haider said in a statement singled out by the reporter for News Agency (et) that “the Central Bank is authorized to take the necessary measures to maintain the strength of the Iraqi dinar” actions, noting that the natural process of rising prices in the light of the economic situation is volatile. ”
And member of the parliamentary finance that “Iraq has a tremendous amount of hard currency, so we took the decision to determine the central bank sales, and made it illegal substance.”
The Iraqi Central Bank to sell dollars to banks at a price of 1166 dinars.

It is noteworthy that the current year’s budget law, committed the Central Bank of Iraq, in paragraph 50, identifying sales of foreign currency (dollar) in daily auction ceiling does not exceed 75 million, with the exercise of justice in the sale, and claim the participant in the auction the bank providing the introduction of goods and data documents settling accounts and tax savings Alkmarki within 30 days from the date of purchase of the amount, otherwise it applies penalties stipulated in the central bank law or instructions issued by him, and the use of other banking tools to maintain the strength of the dinar against the dollar.

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