************ Economist: Auction currencies on the central bank to "ATM" and stop a positive step

Date: 02/27/2015 19:47

Information / special / ..


Said economist Dr. Manaf jeweler, on Friday, suspended the auction sale of foreign currencies by the central bank is a positive step, indicating that the selling of currencies Bank turned to the ATM.

The jeweler told / information /, the "Stop Auction sale of foreign currencies, especially the dollar is a positive step by the bank's board because he can not be running to the bank Ksrav," adding that those far from the jurisdiction of the Central Bank of the business. "

He noted that "the central bank is the bank Bank Ohz his economic definition in all economies in the world," noting that "the mechanism of regulating the work of banks and controls the money supply and have the officer and governor for monetary policy based on the implications of fiscal policy and the resulting".

He added that "in some cases due to some monetary policies inflation may occur which requires a range of business and the mechanisms by the central bank for the purpose of controlling the money supply."

He added that "one of the tools by which the oldest central bank after the fall of the former regime, is the control of the dinar exchange rate to prevent inflation and suspension, which is now considered acceptable proportions according to international standards."

The Governor of the Central Bank of Iraq on the Keywords face last Sunday discontinuation of the auction currency to ease the pressure on the bank to deal with Alajnah currency.



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