Disclosure of banks’ daily rations of the dollar

Disclosure of banks’ daily rations of the dollar

On: Saturday 07/21/2012 1:38

 Baghdad / range
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 Saleh told the (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, which adopted by the size of the bank’s money supply, based as it was allocated $ 15 million a day for banks, financial stocks, which has an estimated 250 billion dinars as a minimum.

He said he has been allocated $ 12 million dollars a day for banks, which owns stock financially is estimated at 150 billion dinars at a minimum, while the allocation of $ 8 million to the banks, which owns stock financially less than 150 billion dinars. Added benefit that the central bank issued a warning to banks with a stock low of the cash flow for the purpose of raising their stocks, otherwise will be deprived of the quota mentioned. The central bank has announced that 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 Central Bank the appearance of Mohammed Saleh in an earlier statement that the dollar exchange rate on the Iraqi market is still above the required level, 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 on the strong foreign exchange middle of last year until earlier this year.
Source: almadapaper