Central Bank: the process of selling the dollar is not a marginal

06/27/2015 13:09



Governor of the Central Bank announced on the Keywords, Saturday, that the dollar selling process is not marginal.

BAGHDAD / Obelisk: Governor of the Central Bank announced on the Keywords, Saturday, that the dollar selling process is not marginal, and among the state's budget deficit leads to poor Bank, stressed that the fragility of the security situation led to pull money out of the country.

Keywords and said in a speech during a seminar hosted by the progress of policy development institute, and pursued "obelisk", "The Ministry of Finance does not have enough dinars, which distributes the budget in dollars and we are buying the dollar ones," adding that "the sale of the dollar by the Bank process is not marginal They are linked to the country's economy. "

He added that "the budget deficit weakens as Bank does not control the size of the money supply," noting that "the fragility of the security situation lead to take out money outside Iraq."

He stressed that "the power of the Iraqi dinar was the cause recovery neighboring countries economy," pointing out that "determining the ceiling means exemption from the Bank to maintain the prices."

He continued that "the political interventions affect the operation of the bank," noting that "media statements create confusion dollar market."

Keywords and stressed the need to "separate the cases of corruption, smuggling and among the general situation of the exchange rate."

The Central Bank of Iraq confirmed on Saturday (June 20, 2015), it has a foreign currency nearly twice the amount of the dinar in the market, noting that the bank does not have fears or concerns about the impact on the exchange rate.


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