CBE’s / JD / shares of the banks of the daily dollar

CBE’s / JD / shares of the banks of the daily dollar

19/07/2012

BAGHDAD / JD / .. announced the Central Bank of determining the financial allocations of hard currency to banks across the country.
Deputy Governor of the Central Bank of the appearance of Mohammed Sala told (JD) that the central bank issued new regulations specify the amount of money in hard currency, which will be provided by banks across the country and adopted by the size of money supply, the Bank approved, as has been allocated $ 15 million daily to the banks, which owns stock financially is estimated at 250 billion dinars, as a minimum.
He said he has been allocated $ 12 million dollars a day for banks, which owns stock Mali is estimated at 150 billion dinars at a minimum , while the allocation of $ 8 million to the banks, which owns stock Mali less than 150 billion dinars.
added benefit that the central bank issued a warning to banks with a stock low cash flow for the purpose of raising their stocks, otherwise will be deprived of the quota mentioned.
The central bank has announced that the price of the dollar is still higher than the required level, although control of the operations sold in the auction day, revealing a new mechanism to deal with branches of international banks.
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in an earlier statement / JD / the dollar exchange rate in the Iraqi market is still above the level required, although the control of the Central Bank of the quantity sold from the auction day, due to some irregularities here and there, explaining that the speculators are still exercising their activity in the market despite the scaling of their work and the freezing of their activity through strict measures adopted by the Bank in the sale of the dollar during the last period that followed the attacks, strong hard currency middle of last year until earlier this year. / End 20
Source: dananernews