Economist: Auction currencies on the central bank to “ATM” and stop a positive step
Economist: Auction currencies on the central bank to “ATM” and stop a positive step
Date: 02/27/2015 19:47
Information / special / ..
regarded economist Dr. Manaf jeweler, on Friday, to stop the auction sale of foreign currencies by the central bank is a positive step, indicating that the selling of currencies has transformed the bank to the ATM.
The jeweler told / information /, the “Stop Auction sale of foreign currencies, especially the dollar is a positive step by the bank’s board because he can not be that the bank is working Ksrav to “pointing out that such business is far from the jurisdiction of the Central Bank.”
He noted that “the central bank is a bank banks Ohz economic definition in all the world’s economies “noting that” regulates the mechanism of action of banks and controls the money supply and have the officer and governor for monetary policy based on the implications of fiscal policy and its outcome. ”
He added that “in some cases, inflation may occur due to some monetary policies, which requires a combination of business and the mechanisms by Central Bank for the purpose of controlling the money supply. ”
He added that “one of the tools that offer by the Central Bank after the fall of the former regime are controlling the exchange rate dinar to prevent inflation and suspension, which is now proportions acceptable according to international standards are considered.”
The Governor of the Central Bank of Iraq on the Keywords face Sunday’s discontinuation of the auction currency to ease the pressure on the bank to deal with Alajnah currency. Ended 25 K.
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