CBI confirms the high sales of hard currency gradually
CBI confirms the high sales of hard currency gradually
13/02/2012 08:23
Baghdad, February 13 (Rn) – The Central Bank of Iraq, on Monday, it did not reduce the sales of hard currency, but the imposition of measures to protect the country’s economy deteriorated, as he emphasized that some speculators local used the measures the bank and create enough with him to reduce his sales started rising gradually. Deputy Governor of the Bank the appearance of Mohammed, told the Kurdish news agency (Rn), “sales of the Iraqi Central Bank fell after the imposition of new measures for transactions of $ 200 million to less than $ 4 million last Thursday,” noting that “sales on the rise and reached about 68 million dollars.” He said the deputy governor of Bank of Iraq that “the Bank analysis of the sizes of the purchase of the difficult process leads to two reasons:
first is the existence of a users tried to thwart the measures the Bank’s new and controls, and the other reason is the existence of a culture of fear among Iraqis.” He said “a lot of Iraqi traders have dealings many and they have fear , “noting that” the Bank discovered that some traders do not have a bank account, “and expressed surprise at” the existence of traders do not have a bank account. ” and that “some sowed that the central bank cut its sales of foreign exchange thus leaving an impact in the market led to rise in the dollar relative to local currency “, describing the rise of” temporary. ” and saw the price of the dollar relative to local currency increased during the past few days, which he attributed Officials companies banking local to stop the central bank sales of foreign currency. and picked up local media for widening the sale of hard currency to Iranian businessmen at border crossings, especially in the province of Maysan, which unless confirmed by the Central Bank of Iraq. and works the Iraqi Central Bank in accordance with law No. 56 of 2004, and held five meetings a week in the daily auction public for the sale of foreign currency. From: Haidar Ibrahim, RN peace Baghdadi
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