Views allow the central bank to buy dollars from the auction
Views allow the central bank to buy dollars from the auction
06/02/2014
Varied readings concerned with the causes and consequences of the decision taken by the Central Bank of Iraq recently and the judge to allow the exchange companies and money transfer to buy the U.S. dollar directly from the auction organized by the Bank, without the need for mediation by private banks as they are in the past. says economic expert Hilal Taan in an interview with Radio Free Iraq that the monetary policy of the Central Bank of Iraq is changing from time to time depending on market requirements, and suggests that this kind of decision comes within the functions of the Bank’s maintaining the exchange rate of the Iraqi dinar against other currencies in the domestic market. Meanwhile believed economic expert on behalf of Jamil Antoine that the central bank’s decision a positive aspect is the reduction of episodes of excess in a series to obtain large quantities of a dollar coin, which would have its impact on the reduction of the exchange rate of the dollar against the Iraqi dinar. However, the economics professor, Dr. Abdul Rahman al-Mashhadani believes that the central bank’s decision will contribute to widening Department of money laundering operations in Iraq through the exchange companies after it had been confined for some banks, as described. in this context, says the citizen Haider Afloc, the owner of one of the exchange companies, said the central bank’s decision will take some of the control of the Iraqi market and the interface in order to pull the largest possible amount of the dollar in the market, which will increase their control of it, as he put it.
iraqhurr.org
