Central Bank denies stop auction currency and confirms continuation new mechanism
Central Bank denies stop auction currency and confirms continuation new mechanism
March 3, 2015 14:57
Ali Keywords
(Independent) … .nfy Governor of the Central Bank and the Agency on the Keywords, on Tuesday, news about the existence of a process to prevent the sale of the dollar and to stop work ERA currency, stressing that the Bank continues to sell the dollar did not stop but the new mechanism.
Keywords and said in a press conference held at the central bank and attended (Independent), said that “a lot of hard currency fled to supporting terrorism and corruption countries, stressing that the central bank has taken new measures is no longer a daily window and ATM of hard currency.”
“The Bank of promising new procedures and mechanisms for the auction currency different from the daily currency auction former noting that the auction currency will not stop, but the work done according to the new measures.”
The Keywords during the conference that some officials in the economy had a total far from the banking sector’s comments and warned of new central bank measures and confirmed the low foreign currency reserves at the bank, stressing that Iraq does not suffer from any decline and has good revenue and there are no worries. ”
He went on, he became able Traders wanting to put a bank deposit in one of the foreign banks in agreement with the internal banks through remittances window, and also for the transport process can citizen access to the dollar through two routes either traveling or treatment, stressing that the central bank does not stand not set limits on Dollar selling. ”
The central bank said he was open about the possibility of supporting the Iraqi economy, likely to control the sale of dollar traded through the application of new procedures process. ”
On the other hand the central bank stressed that he supports private banks through convince the government to put their deposits in government banks is currently studying some of the laws that can support the Iraqi economy. ”
He stressed relationship, that “the central bank has backed up visits text of the money supply within the bank and the possibility of this reserve to control the currency and there is no any concerns of the process of selling the dollar against the dinar.”
The Governor of the Central Bank in the face of last week to stop work ERA currency and take a new mechanism for currency exchange and deal with private banks. “(End)
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