Central Bank defines ten million dollars for each bank his capital 250 billion dinars for the sale of currency

Central Bank defines ten million dollars for each bank his capital 250 billion dinars for the sale of currency

Tuesday, August 14 / August 2012 13:48

Baghdad {: News} Euphrates – the Iraqi Central Bank has decided to $ 10 million heads of the banks with money, which is approaching 250 billion Iraqi dinars.

The deputy appearance of Mohammed Saleh {Euphrates} News that “the central bank select ten million dollars of hard currency to banks that their money capital of $ 250 million.”

He explained that “the central bank seeks to strengthen the Iraqi economy and prevent any attempts to smuggle currency.”

The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of 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.
Source: alforatnews