Parliamentary Finance Committee proposes to cancel the auction currency Central Bank
Parliamentary Finance Committee proposes to cancel the auction currency Central Bank
Date: 05/04/2015 12:10
Information / special / ..
the parliamentary finance committee suggested, Sunday, cancel an auction of foreign currency at the central bank, confirmed that it will lead to lower prices in front of the Iraqi dinar.
The committee member said Masood Haider told / information / “The Finance Committee submitted a proposal to cancel the auction in Central Bank, in order to reduce the foreign currency rate against the Iraqi dinar. ”
He added Haider, that “the proposal stressed the need to replace the auction process hard currency distribution on civil and government banks in a fair way by the competition, because the auction may impact on the Iraqi economy and led to Nzifa “noting that” it will lead to lower foreign currency exchange rate of either the Iraqi dinar. ”
The last few weeks have seen a remarkable increase the price of foreign currencies against the Iraqi dinar, despite the central bank to sell those currencies is reduced. Ended 25 R.
almaalomah.com
