Parliamentary Finance: Central Bank has processors to maintain the exchange rate of the dollar
Parliamentary Finance: Central Bank has processors to maintain the exchange rate of the dollar
28/04/2015 10:11
Press direction – special
The parliamentary finance committee confirmed that the Central Bank of Iraq is the party responsible for the exchange rate of the dollar against the Iraqi dinar and maintain it.
Committee member Jabbar Abdul-Khaliq said in an interview with “direction Press” that the central bank put a lot of processors through the multiplicity of selling the dollar and foreign currency outlets in markets, to maintain the stability of the exchange rate, likely not to see the Iraqi market higher prices in the coming period due to the availability reserve the Central,
He added that Abdul Khaliq determine the exchange shares of ceiling prices to rise during the past few days, indicating that the Commission its control and not draw the Bank’s policy of being an independent body.
Iraqi market has seen a rise in the dollar’s exchange rate against the dinar reached in some cases to 1235 dinars to the dollar, the highest rate of the exchange rate during the past two years.
He attributed the owners of banking companies rise and fall of the exchange rate is linked to the central bank that determines its price rising or falling procedures.
It is expected to offset the rise in the dollar exchange rate decrease in the volume of trading in the stock market.
Edit Jassim virgins
aletejahtv.org
