Financial representative to discuss with the Iraqi Central fluctuation rate of the dinar

06/05/2012 20:17


Erbil, May 6 / May (Rn) - The Finance Committee in the Iraqi parliament on Sunday it had discussed with the Iraqi Central Bank Governor Sinan Shabibi fluctuation of the exchange rate of the Iraqi dinar against the dollar and other currencies.

The Iraqi market is currently witnessing a rise of the U.S. dollar against the Iraqi dinar, as the price of one dollar stores in the banking market in Iraq to about 1228 dinars, and some attribute this to the restrictions imposed by the Bank on the sales of hard currency.

Bank and the imposition of more stringent measures in the auction to sell the currency after it said that you go to trade the currency of neighboring countries, especially Syria and Iran, economic sanctions imposed on them so instead of going to support structural projects.

The Iraqi Council of Ministers may face in the last month to form a committee to study the fluctuation of the exchange rate of the Iraqi dinar.

She said the Finance Committee in a statement received by the Kurdish news agency (Rn) a copy of it, that "has been in the meeting to discuss certain matters relating to the Iraqi currency controls and foreign exchange volatility and its impact on the Iraqi dinar against the dollar."

The main tasks of the Central Bank in managing monetary policy in the country and raise the level of the value of Iraqi dinar and deal with inflation in the country.

The Central Bank of Iraq four branches in Basra and Sulaymaniyah, Erbil and Mosul.

The Committee added in its statement that "has been discussing the process of deleting the zeros and to identify the mechanisms of anti-money laundering program, as well as access to the training center bill monetary and banking and the possibility of action to proceed with the legislation."


http://translate.google.com/translate?hl=en&prev=/search%3Fq%3Dnahrain%26hl%3Den%26rlz%3D1T4RNTN_enUS354US354&rurl=translate.google.com&sl=ar&u=http://www.aknews.com/ar/aknews/4/197792/%3Ftpl%3Dadvanced_search.tpl%26S_type%3Dtoday%26do%3Dsearch%26section%3D4