Committee: the policy of the Interim Administration of the Central Bank to now “good”
Member of the Finance Committee: the policy of the Interim Administration of the Central Bank to now “good”
Date: 20/01/2013 10:49:13 Sunday
Baghdad (news) .. Ruled out a member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, reduce the rate of sale of hard currency at the central bank auction because it will affect the exchange rate of the Iraqi dinar, describing the monetary policy followed the Directors of the Central Bank temporary “good.”
Abbas said (of the Agency news): The Directors of the Central Bank of temporary President of the Board of Supreme Audit far is going according to the correct perspective, and monetary policy followed by longer good.
He explained: that monetary policy adopted in the current administration of the Central Bank is the policy of balance between the hard currency of what the market needs and to satisfy the country’s needs in terms of import and other sales have not randomly at an auction sale of hard currency as it was in the previous administration.
He added: You can not reduce the sale of hard currency in the auction because it will lead to an imbalance in the balance policy and therefore will affect the exchange rate of the dinar against the dollar in the market.
The Cabinet voted during its regular Tuesday (16 October 2012), the prime BSA Abdul Basit Turki take over the management of the post of Governor of the Central Bank and the Agency.
A number of media, in (14 October 2012), sources monitoring the Iraqi judiciary issued an arrest warrant for bank governor Sinan al-Shabibi and his deputy appearance of Mohammed Saleh on corruption charges, pointing out that the latter had been arrested, while Shabibi fled abroad. / end / 8.. /
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