Rise in central bank sales to $ 221 million
Rise in central bank sales to $ 221 million
06/02/2012 15:10
Baghdad, February 6 (Rn) – The Central Bank of Iraq that the sales of the dollar rose on Monday to $ 221 million versus $ 209 million in yesterday’s trading session. Deputy Governor of the Central Bank
of the appearance of favor, told the Kurdish news agency (Rn) that “the bank sales Central to the dollar today reached to 221 million dollars. ” and added that “the problem of selling the difficult process need to adapt to the owners of libraries banking with new mechanisms established by the Bank to prevent the smuggling of currency.” and arrived in central bank sales in the January 11 last to $ 300 million for the time the first in years. and the development of the bank a new mechanism requiring the withdrawal of foreign currency on the basis of the importance of development projects in the country, after the spread in the recent phenomenon of smuggling hard currency to Iran, facing international sanctions. and Iraq’s refusal to attend the international community to impose economic sanctions on Iran. Saleh said that “the increasing demand for the sale of hard currency these days comes because of the circumstances that prevailed in the neighboring countries of political problems big.” The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and management of reserves of foreign currency and regulating the sector bank account. From: Jafar Allonan. Open: Abdullah Sabri