The central bank acknowledges that its procedures to reduce the price of the dollar is not enough and is expected to decline in the future

06/17/2015 14:07

Tomorrow Press / Baghdad: Iraqi Central Bank acknowledged, Wednesday, that the procedures to cut hair of the dollar against the dinar does not Tvki unless it is supported, expected to reduce the dollar over the next few days.

He said the Council of the Iraqi Central Bank board member Majid picture for "tomorrow Press", "The central bank measures to maintain the dinar strengthened against the dollar alone is not enough, it must concerted all efforts to regulate the trade and stop the abuses at border crossing points (land, air and sea), including the Kurdistan region outlets. "

He added that the picture "for your fight against economic crime have an important role at this stage, it should do the other and in a real and actual extent of up to prosecute speculators either traders or exchange companies and financial hawala or even banks."

He said the picture that "there are beneficiaries of the rise in the dollar exchange rate and they are some of the politicians, and these are a threat to the Iraqi economy unless it is excluded", noting that "the dollar will drop its price in front of the dinar during the next few days by the recent actions of the Central Bank, which will support the dinar and the market in the same time. "

Furthermore, he said the Parliamentary Finance Committee member Haitham al-Jubouri for "tomorrow Press," that "the government directed the central bank to increase Showing the dollar in the markets, and monitor the exchange companies and financial transfer," noting that "from Such directives lead to support applications to buy dollars by companies, merchants and banks. "

Jubouri said that "the banks and the Central Bank they meet the secretariats of the tax and customs of each request submitted by eight percent, what form the main reason rising dollar, not to mention the decline in state revenues from the dollar, which come from sales of crude oil."

The Central Bank of Iraq, decided on Tuesday, Saturday officially regarded as durable, banks to meet the need of the currency, noting that it reduced the duration of the special deposit amounts from ten to five days.

And we saw the dollar exchange rate rose steadily in the local markets, from about 1200 dinars to the dollar, the beginning of the current 2015 to 1400 dinars currently.

http://alghadpress.com/ar/news/32462/البنك-المركزي-يقر-بان-اجراءاته-لخفض

Author: ASJ, HH
Editor: AB, HH
06/16/2015 18:02



Long-Presse / Baghdad

He expressed Association of private banks in Iraq, on Tuesday, support for the decisions of the central bank cut the deposit amounts and special consideration, regular Saturday work day, while confirming that these measures will contribute to reducing the dollar's exchange rate.

The head of the Association of private banks in Iraq and Wadih Handal, in a statement received (range Press), a copy of it, that "the Central Bank of Iraq is trying through the procedures and mechanisms in place to support the Iraqi dinar and create suitable for the banking business and in cooperation with private banks as a team solidarity atmosphere."

Handal added, that "the central bank's recent decision to increase the auction business days on Saturday and considered normal business day for banks to meet the requests of foreign currency, came in tune with the banks to meet the need of the dollar in foreign currency and facilitate the work of the banks."

The Handal, that "other decision to reduce the period of deposit for amounts from ten days to five will contribute directly to reducing the dollar's exchange rate against the dinar and this is what Senlahza during the next few days," noting that "the Association will be supportive of the decision to serve the public interest."

Economists attributed, on Tuesday, rising dollar exchange rate against the dinar to the floundering economic policy, and the neglect of the productive sector, while the Parliamentary Finance Committee confirmed that the concerned state has taken action to support the value of the dinar, including increasing the supply of dollars in the market and acceptance of all purchase applications submitted from the pack Traders and banking companies and banks, and the abolition of tax and customs secretariats that were collected in advance by eight percent.

And it decided the Central Bank of Iraq, Tuesday, (June 16, 2015), considered Saturday formally durable, to meet the need of banks currency, noting that it reduced the duration of the special deposit amounts from ten to five days.

And it saw the dollar exchange rate steady rise in the local markets, from about 1200 dinars to the dollar, the beginning of the current 2015 to 1400 dinars currently.

http://www.almadapress.com/ar/news/50237/المصارف-الخاصة-تدعم-قرارات-البنك-ال