Deputy: the central bank action on banks will contribute to the stability of the Iraqi dinar
Deputy: the central bank action on banks will contribute to the stability of the Iraqi dinar
02.17.2014 (0:01 pm)
Baghdad / term
The MP said the coalition of national Kadhim al-Shammari, said that the actions of the Iraqi Central Bank on the status of conditions on the banks to enter the market to buy the currency “correct procedures and will have important consequences for the stability of the currency and the market in the long run.”
Shammari said in a statement received “long” a copy of it to “talk about the high price of the dollar against the local currency due to the central bank’s measures obliging banks put their balances at the central bank as a condition for entering the market to buy the currency is the inevitable result of unexpected and will continue being a reaction of speculators and weak banks to force the central bank to reverse his decision. ”
“The action the central bank is conducting true professional and will have returns significantly positive on the economy by ending the influence of speculators and banks is discreet and reduce their influence, which stretched the market and make it hostage Bnzoathm and maintain the effectiveness of the banks strong credible and Escrow, which is working to serve the local economy” .
Shammari stressed “the need to support action on the central bank to prevent the re-currency traders of the beneficiaries of the pulse market prices, those who make their living on the introduction of the domestic market in the successive crises from time to time to serve their assets, which was built on the backs of the poor citizen.”
almadapaper.net
