Parliamentary Finance: measures failed to stop the auction currency

08/03/2015 12:07


BAGHDAD / Source News / .. Description parliamentary finance committee member Abdul Qader Mohammed, Sunday, the central bank action to stop the auction currency as "failed and misguided," adding that the bank is going the wrong road.

Said Mohammed in a press statement I followed Agency / Source News /, that "the central bank is going road error if he sells foreign currency to banks and banking offices, leaving traders who are basically the main reason for the high dollar," explaining that "traders and speculators who trade in hard currency and manipulating prices when you buy them on the black market rather than the central bank. "

He said, "The treatment of the dinar against the dollar rise is the central bank to sell foreign currency directly to dealers as well as banks, to avoid resorting to the black market traders and price-gouging."

The member of the Finance Committee of the Central Bank to "deal with the hard currency scientific ways in which the world followed and correct mistakes that have occurred recently."

The Governor of the Central / agency / bank relationship in the face of earlier last month to stop the daily currency auction and take new mechanisms include selling the currency every 15 days by $ 75 million to banks.


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