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Transparency Association carries the instructions issued by the Central Bank of Iraq responsibility for what happened to the value of the currency decline

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Transparency Association carries the instructions issued by the Central Bank of Iraq responsibility for what happened to the value of the currency decline Empty Transparency Association carries the instructions issued by the Central Bank of Iraq responsibility for what happened to the value of the currency decline

Post  Admin Mon Feb 09, 2015 7:24 am


- February 8, 2015

Baghdad -alcherqah February 8: carried Association of transparency in a report today the instructions issued by the Central Bank numbered 3 to 9 to 26 for the year 2015 the responsibility for what happened to the currency value of the retreat and the association said in its report today that some private banks collaborating with senior officials at the Central Bank pushed inventory transactions known as auctions a limited number of banks that enjoy special care and is associated with senior officials at the central bank's interests her is that doubling the duration of the assets to the dollar report must and submit them to be fifteen days instead of a week as it was in the past and the association said that the instructions supposed to begin implementation in 22 of the current months has created confusion in the foreign exchange markets, where the price of the dinar in 1210 to the dollar before the issuance of instructions and then rose a week ago to up to 1222 and was in some cases in 1257 to the dollar, and warned the Association in its report of the preference given to three complicit banks only acts of banking and the credit acting as does not provide any services away from what achieved enormous interests in the business of banking just enjoying favoring a number of senior officials at the central bank indicated Association in its report that the value of the Iraqi dinar is a candidate for further decline, which Masaneks negatively on prices food and basic affect the standard of living of the Iraqi people and called on the Governor of the Central Bank of Iraq to take the bold decision to rectify the instructions issued by the bank and put things back to what it was, warning at the same time the dominance of some bankers on the capabilities of the Iraqi currency through spoiling receivables senior staff within the bank said Association at the conclusion of its report that things can be resolved immediately bold decision and one of the Governor of the Central Bank of Iraq.



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