Economic center demanding tighter controls on foreign exchange mechanisms and sell the dollar in Iraq
In order to prevent money laundering .. economic center demanding tighter controls on foreign exchange mechanisms and sell the dollar in Iraq
02.24.2015 9:24
{Baghdad: Euphrates News} student Economic Media Center Iraq, the Iraqi Central Bank, to tighten controls on foreign exchange operations in order to prevent money laundering and the monopoly of foreign remittances and speculators control the process.
The lion Muhammad Ali, chairman of the Economic Media Center in a press statement seen by the agency {Euphrates News} today that “dealers are used for more than ten years on the bank to adopt a reference to convert the currency and buy the dollar as a government entity sober can be trusted and operations.” He pointed out that “Despite some problems, but that the bank has succeeded over the years to contain the dollar market and refer the task of the banks as they are true, they need to tightly controlled its operations, especially the private banks that have not practiced banking properly,” explaining that “oversight will ensure justice mechanisms of conversion and prevent the laundering laundering and terrorist financing and knowledge of the currency in which it was carried out by the central bank in the country paths. ” He Mohammed that “banks in Iraq need to be a transition period to evaluate their work,” and expressed “his belief that the market will not rise because the speculators, banks and key are responsible for higher prices dollar in the past period and that this new mechanism Stnasabhm. ” The President of the Economic Media Center that “the central bank assesses the demands of the banks deal with this experience and have the irrevocable line in the event of failure” .anthy
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