Financial expert: new central bank measures will support the exchange rate of the Iraqi dinar
Financial expert: new central bank measures will support the exchange rate of the Iraqi dinar money transfer control clause in banks
31-05-2013 03:39 PM
Baghdad (news) .. He favored a financial expert Mohsen Ali, the stability of the exchange rate of the Iraqi dinar against the dollar after the application of the new measures by the central bank, provided that accompanied operations oversight of banks and banking companies. said Ali (of the Agency news): The low exchange rate of the Iraqi dinar during the last period due to weak oversight by the central bank on the work of banks and banking companies in terms of financial transfer, as well as procedures for sale of hard currency, which missed the bank much it. between: the new plan, which the bank intends to implement will support the Iraqi dinar exchange rate and the return to price real, but on condition that accompanied by control procedures similar to it to reduce currency smuggling and waste of money. was the Finance Committee representative reported that the central bank told her that he will start next month, the application of a package of measures aimed at re-dollar exchange rate against the Iraqi dinar to normal with preventing the recurrence of volatility the exchange rate. decreased value Iraqi dinar gradually over the past weeks for the price of one dollar to about 1129 dinars after it had been stable for 1120, the highest rate up to the exchange rate during the past two years. / End / 8. n. r /
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