CBI puts new controls for the sale of the dollar

25/02/2012 12:03

Baghdad, February 25 (Rn) – The Central Bank of Iraq, Saturday, about his new regulations to control the sale of the dollar through his window, pointing out that the new regulations require that it enters the window of foreign currency to be an Iraqi and defined bank account, criticizing banks and companies, money transfer to create what he called the market of its own.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the window of the foreign currency is a window for the intervention of the central bank to stabilize the Iraqi dinar and the output of this intervention is to finance the foreign trade of the private sector.” However, the benefit by saying that “even deflected this window and put in the service of the Iraqi economy and we have some amendments to the FAQ that it enters the window must be an Iraqi defined bank account and pay the certified check in order to identify the customers in order to prevent the entry of customers unknowns “. “The central bank is able to finance foreign exchange intervention in market, “indicating that we will start the mechanism of action with the new banks and money transfer.” and criticized the transformation of these companies and banks “of the broker to the foundation to create a market of its own through its mediation.” and the benefit that this phenomenon Sthzb “will be eliminated,” explaining that banks, “only Bamoltha simple” as the central bank earns his commission on sales. From: Yazan al-Shammari, RN LLC