Governor of the Central Iraqi Dinar Floating difficult to apply
Governor of the Central Iraqi Dinar Floating difficult to apply
24 December 2017 04:12 PM
Direct said Governor of the Central Bank of Iraq, said that the flotation of the Iraqi dinar is difficult to apply as the monopoly of the government to display the dollar and foreign currency in the country.
“The oil countries depend on a fixed exchange rate, or fixed with flexibility, and do not resort to the method of floating the currency, which did not happen either in Iraq or other oil countries,” Ali al-Alak said in an interview with the Arab African newspaper.
Al-Alak pointed out that the decision of the Egyptian Central Bank to float the pound, in November 2016, is a correct step , but it came too late.
The Central Bank of Iraq took a series of measures to achieve financial and economic stability in the country, including the removal of the financial sector from risks and prevention; issuing the law on combating money laundering and financing terrorism in 2015.
Complete: To strengthen prudential supervision, strengthen payment systems and electronic payment systems for clearing and settlement operations, in order to regulate, control and control banking operations.
The Governor of the Iraqi Bank, Baghdad’s efforts to achieve the concept of “financial inclusion” and its applications, after the instability of security and financial in previous years without implementation.
He said that the short-term plan aims to deposit salaries of all state employees in banks, which strengthens the base of customers with more than 3 million people.
mubasher.info
