Central Bank: the importance of taking the principle of transparency in central bank auctions
Suhail to a delegation of the Central Bank and financial control: the importance of taking the principle of transparency in central bank auctions
Wednesday, 01 August / August 2012 14:59
[Baghdad – where]
Search First Deputy Chairman of the House of Representatives Qusay al-Suhail with a delegation from the central bank and financial control of the Central Bank’s work during the last period, the exchange rate of the dinar against the dollar.
A statement by the Prosecutor’s Office first received by the agency all of Iraq [where] a copy of it today that “al-Suhail held a meeting with Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, a representative of the Office of Financial Supervision and the Presidents of the two financial Haider al-Abadi, economic Ahmed Alwani During the meeting, discuss the work of the Central Bank during the period years and the exchange rate of the dinar against the dollar and the real reasons that have contributed to lower the exchange rate of the dinar against the dollar. ”
“The delegation of the Central Bank gave a review of the Bank’s work during the last period, especially with regard to auction the central bank” .
The statement said that “al-Suhail pointed out that the low exchange rate of the Iraqi dinar against the dollar negatively impact on the lives of Iraqi citizens and put it on the living standards such as the way things will lead to higher prices of materials needed by the citizen.
He said the “first deputy stressed the need to take the principle of transparency in central bank auctions and develop a strategy to work out the money believes that pumps it from the dollar to buy goods needed by the citizens and not for others. Ended