Parliamentary Finance Committee: Increase the points of sale of foreign currency value of the dinar patches

Parliamentary Finance Committee: Increase the points of sale of foreign currency value of the dinar patches

Babylonian News / Baghdad
Friday, 25/5/2012
Said the Finance Committee representative that its proposal submitted to the Central Bank of Iraq on increasing the number of agencies responsible for the sale of foreign exchange (banks, Rafidain and Rasheed), which was applied during the last few days, contributed to raise the value of the Iraqi dinar against the U.S. dollar.
and approved the Central Bank of Iraq earlier in the presence of defect in the Iraqi dinar exchange rate, and confirmed his quest to unify the exchange rate between him and the local markets, was charged with four conspiracy to hit the financial economy of Iraq to empty its market of its financial strength, indicating that the corridors of free trade in Iraq is becoming the means adopted to hit the economy.
saw the price of the dollar relative to in local currency increased during the past few weeks, and reached the exchange rate to about 1127 1128 dinars to the dollar in the domestic market, while the stable exchange rate 1116 – 1117 in the auction the bank, which he attributed Officials companies banking local to the central bank from making further action in the Auction hard currency.
A number of banking companies yesterday, in remarks for the “economic statement”, the exchange rate dropped to 1121 1122 dinars per dollar. A member of the Committee Secretary Hadi said there was an increase in the value of Iraqi dinar against the dollar after the application of the Central Bank of a proposal made ​​by the Finance Committee provides diversified Auction foreign exchange and not restrict them in a limited number of companies.
Hadi said that the central bank will be in accordance with the procedures maintain the stability of these .And picked up local media reports about the widening phenomenon of smuggling hard currency from Iraq to Syria and Iran on the border crossing points, which was not confirmed by the CBI.
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