Abadi adviser: central bank has the ability to impose monetary policy

Author: Publisher on: June 18, 2015
BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Economic Adviser to the Prime Minister said the appearance of Mohammed Saleh said that the central bank possesses strong reserves in the Iraqi dinar and has the ability to re-market to track and enforce its monetary policy.

Saleh added for (IMN) that "financial offer palaces and suffocation occurred because of the high scrutiny and some routine procedures and not the central bank is unable to meet demand," explaining that the bank possesses strong reserves in the Iraqi dinar is enough to stabilize the exchange rate in the domestic market. "

And that "the Central Bank step in the sale of more than $ 203 million is a good step to meet the winning dollar demand," asserting that "foreign currency cover twice issued currency, as the central bank receives daily foreign currency from oil sales and therefore the situation is very Mtmon".

Saleh said that "the Central Bank has taken punitive action against 14 Bank for reasons of non-implementation of some directives to be considered the supervisor of the banks."

A member of the administrative board of the Central Bank of Iraq Majid picture on Thursday, said that the dollar was reduced to 1317 dinars after a series of measures taken by the Central Bank of Iraq to meet the banking needs of hard currency.


http://center-imn.net/1/?p=15223