Central Bank denies he stopped selling the dollar confirms: virtual height will not be long

Author: ASJ, BS
Editor: AB, BS
03/03/2015 12:37
Number of Views: 184


Long-Presse / Baghdad

Denied the Governor of the Central Bank of Iraq on the Keywords, on Tuesday, the rumors about the bank stopped selling the dollar, said new measures for buying and selling the currency to prevent money laundering and maintain on the market, as pointed out that the current rise of the dollar is a virtual high and will not be long, pointed out that the bank is considering various laws to support the banking process in Iraq.

The governor of Bank of Iraq on the Keywords during a press conference building Bank area Jadiriya central Baghdad, that "the process and buy the currency has seen over the past ten years a lot of problems and achieved through some weak souls astronomical profits," noting that "some were taken from the sale of currency window cover for money laundering operations. "

And denied the relationship, "talked about the rumors that the central bank has stopped selling the dollar," noting that "the bank select the sales process did not stop them and continues to sell the dollar for the purposes of travel and treatment."

He stressed the central bank governor that "the Bank studied during the last term with specialists and experts, the process of selling the currency window and we have taken a number of measures that would maintain the market's central bank and make a specialist in monetary policy operations away from the currency in which they strain the circles auction problems," noting that "the mechanism Traders get the dollar has become through the deal with private banks. "

He Keywords, that "this process has made us check well of invoices submitted by traders, as well as control of the exit process and enter the dollar," noting that "the rise of the dollar had been expected after the decision to change the selling mechanism, a virtual high and will not be long." .

And the relationship, that "the bank is considering various laws to support the banking process in Iraq, including the law of deposit," and expressed hope that "the law provides to the Parliament and the citizens who will pay to put their deposits in private banks."

The Central Bank of Iraq, announced in the (February 25, 2015), triggered the application of a new system of remittances and sell the currency, and denied selling the dollar stops.



The Central Bank of Iraq was established independently as a bank under a law issued on the sixth of March 2004 independent Kahyeh, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.


http://www.almadapress.com/ar/news/44939/البنك-المركزي-ينفي-توقفه-عن-بيع-الد

Governor of the Bank: Auction currency is no longer a daily window and put new mechanisms have
Tuesday 3 March 2015 11:26


Alsumaria News / Baghdad
The Governor of the Central Bank of Iraq on the Keywords, on Tuesday, for the development of new mechanisms for the auction currency, which "is no longer a daily window," he said, adding that a lot of hard currency being smuggled out of the country as well as for use in the operations of corruption.

Keywords and said in a press conference held today at the bank building and attended by Alsumaria News, "The new regulations set by the Bank is that the auction is no longer a daily window of operations for the sale of currency auctions," adding that "new mechanisms developed to sell this currency, especially that of its functions provide currency for foreign trade. "


He Keywords that "new mechanisms to sell the currency through remittances will be electronically instead of documents that were previously provided by the banks, which were marred by a lot of forgery, fraud and exaggeration in need of these amounts," noting that "the bank will feed these bank accounts abroad after depletion, While cash sales will be according to the needs of the country have such as the need to travel, treatment or study, according to the mechanics are verified in. "

Keywords and pointed out that "in March the bank for more than ten years, the sale of foreign currency through the auction while sales are considered in many countries of the world such cases are exceptional to create balance and stability of the currency," asserting that "the dollar selling operations shifted from the way foreign trade to speculation in the markets and profit-taking and keep the banks from the real activity. "

He stressed Keywords that "some companies non-banking business, businessmen and contractors have switched from their activity to speculative currency, adding that it was a cover to facilitate a lot of processes related to the smuggling of money and the proceeds of corruption and crimes abroad, and thus there will be inattentive in foreign currency that make up the cover of the local currency." .

And the relationship that "part of the most dangerous in sales operations, which are conducted in the auction is selling cash dollars, which reached a record amounts, which arrived in the last two years to $ 15 billion a year," pointing out that "these amounts are very large compared with imports from the dollar and the relative to the country's need of cash to cover travelers, treatment and other expenses. "

And established an independent Iraqi Central Bank as a bank under a law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.


http://www.alsumaria.tv/news/126616/محافظ-البنك-مزاد-العملة-لم-يعد-نافذة-يوم/ar

03/03/2015 12:25
New mechanisms for auction currency in the Central Bank



BAGHDAD / Obelisk: Iraq does not suffer from any decline in hard currency, and has good revenue and there are no worries.

The Governor of the Central Bank of Iraq on the Keywords, on Tuesday, for the development of new mechanisms for the auction currency, which "is no longer a daily window," he said, adding that a lot of hard currency being smuggled out of the country as well as for use in the operations of corruption.

Keywords and expressed "surprise at the statements of some officials about the low reserves of hard currency," stressing that "Iraq does not suffer from any decline in hard currency, and has good revenue and there are no worries."

While stressing that "the Iraqi dinar is covered at 150% of hard currency."

And established an independent Iraqi Central Bank as a bank under a law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.


http://almasalah.com/ar/news/48610/اليات-جديدة-لمزاد-العملة-في-البنك-ا