Central Bank lifted restrictions dollar auction
Central Bank lifted restrictions dollar auction
| on 8/10/2012 11:20 AM
BAGHDAD – integrity electronic lifting CBI restrictions it had imposed in 2011 on the auction buying the U.S. dollar from his treasury. Sources said “it shares raised the price of the Iraqi dinar exchange against the dollar, up to 1170 dinars to the dollar, after it had been a week ago equals 1220 dinars. ” said the deputy governor of the Bank the appearance of Mohammed Saleh, said that “measures the Central Bank, in particular the adoption CR to the buyer, was able to reduce demand and save about $ 100 million from the quota allocated to the market, amounting to $ 340 million.” For its part, reported Member Finance Committee of the House of Representatives Magda Tamimi said that “a decline in demand for the U.S. dollar was due to the monopoly of six banks to auction the CBI.” and added that “most of the trade and transfers with those banks and fake does not exceed the real them 10%.” by another bank decided Central adjust the timing starting project structuring the Iraqi currency and delete the zeros of them. The bank said in a statement that it “See what frequency of reports indicating postpone the implementation of the project restructure the Iraqi currency and deleting three zeros of them,” noting that “the requirements of coordination and cooperation between us and the legislature The executive led to adjust the timing starting implementation. ” and noted that “this project is of vital importance for the country,” noting that “completed the bulk of the action on the implementation of the project.” and added that “the status of the new currency in circulation at the completion of printing must be early calendar year where it has been determined start and not during the implementation. ”
Source: alestiqama
