Sadrists: central bank policy to limit the financial remittance companies limited monopoly

Sunday, 04 March 2012 10:06 GMT

Sumerian News / Baghdad considered the Sadrist movement, on Sunday, the policy of  the central bank to limit remittance financial companies to a limited monopoly, calling on him to open up to a free economy, and not only transfers to a limited number of companies or persons. The MP said the current governor Zamili in an interview for “Alsumaria News “,” Central Bank of Iraq to deal with private companies and limited on remittances, “adding that policy” is proprietary, and are limited to people with ties material and partisan and personal. ” said Zamili that “this is incompatible with the policy of the global financial market,” calling the bank to “openness to the free economy and not only the money orders on a limited number of companies or persons.”The Central Bank of Iraq has decided, in the earlier, limited entry of domestic funds and foreign well-known hawala some banking companies in the country, as a precautionary measure to curb the circulation of counterfeit currency in commercial markets in Iraq. The Central Bank of Iraq under the law issued on the sixth of March of 2004, an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, in addition to organizing the banking sector to promote a competitive financial system, independent.