CBI identifies $ 10 million per day for each bank his capital 250 billion dinars…

CBI identifies $ 10 million per day for each bank his capital 250 billion dinars for the sale of currency

08/07/2012 14:06

Baghdad, July 8 (Rn) – The Central Bank of Iraq, Sunday, he decided to determine the $ 10 million a day, for banks with Heads of money, which is approaching 250 billion Iraqi dinars to promote the sale of hard currency in order to ensure she went to the private sector trade of Foreign Affairs. Deputy Governor Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Bank identified $ 10 million in hard currency for each private bank has a capital estimated at or close to 250 billion dinars.” He explained, “were identified $ 4 million for branches of foreign banks for the purpose of prevention of laundering money and the fight against economic crime. ” and pointed out that “the central bank tends to distract one day as about $ 200 million within the precautionary measures to prevent any attempts to smuggle hard currency outside the country.” The mission of the Iraqi Central Bank is to maintain price stability and the implementation of monetary policy, including exchange rate policies and management reserves of foreign currency and regulate the banking sector, while stressing the parliamentary Finance Committee to support any efforts presented by the Central Bank of Iraq and the stability of the exchange market. From: Saman Daza Yei, RN LLC

Source: aknews