Financial representative to discuss with the Iraqi Central fluctuation rate of the dinar

06/05/2012 20:17

Erbil, May 6 / May (Rn) – The Finance Committee in the Iraqi parliament on Sunday it had discussed with the Iraqi Central Bank Governor Sinan Shabibi fluctuation of the exchange rate of the Iraqi dinar against the dollar and other currencies.witnessing the Iraqi market is currently rising to the U.S. dollar against the Iraqi dinar, where the price of one dollar in the shops of banking in the Iraqi market to about 1228 dinars, and Some attribute this to the restrictions imposed by the Bank on the sales of hard currency. and the imposition of bank procedures more stringent in the auction to sell the currency after it said that the currency you go to trade in the neighboring countries, especially Syria Iran and imposed upon economic sanctions and that, instead of going to support projects structuralism. The Iraqi Council of Ministers may face in the last month to form a committee to study the fluctuation of the exchange rate of the Iraqi dinar. said the Finance Committee in a statement received by the Kurdish news agency (Rn) a copy of it, that “has been in the meeting to discuss some matters relating to the Iraqi currency and controls foreign exchange and its impact on the fluctuation in the rate of the Iraqi dinar against the dollar. ” The main tasks of the Central Bank in managing monetary policy in the country and raise the level of the value of Iraqi dinar and deal with inflation in the country. and the Central Bank of Iraq four branches in Basra and Sulaymaniyah and Erbil and Mosul. Committee added in its statement that “has been discussing the process of deleting the zeros and to identify the mechanisms of anti-money laundering program, as well as access to the training center bill monetary and banking and the possibility of action to proceed with the legislation.” Abdullah Sabri