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Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4000 and maybe more /

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Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4000 and maybe more / Empty Central Bank Governor: no room to cancel the sale of the dollar window, if canceled, the exchange rate has become 3 or 4000 and maybe more /

Post  Admin Wed Dec 07, 2016 6:05 pm



Ghassan judge

He said the governor of the Iraqi Central Bank on the Keywords stop selling the dollar through selling currencies in the bank window will lead to the collapse of the Iraqi dinar financial situation in Iraq in general, stressing that to say that the central bank is obliged to do the job, though declined to perform this role for the collapsed financial situation in Iraq.

Keywords and said in an interview conducted by the CFTC and the agency, "Economy News" on the sidelines of the annual conference of the Union of Arab Banks, which was held in Beirut recently to Waglguena sale Atarlasubh window Sarsrv Atarmabin 3, 4000 dinars, and maybe more.
He said the governor also Sndpartya case Cancel Currency window to print trillions of Aldnaniralaracah annually to cover the local need of the dinar, will lead to Iraq's infrastructure to Anhiaralamlh due to inflation, Uma knows excessive cash.

And about the prospects float Aldenarabraghi, similar to other countries in the region, Keywords, said this matter is sealed Matrouh moment, we are working to free floating currency and is not, a large difference between the two

Keywords denied the existence of coin auction at the Central Bank, but the sale of foreign currency window, stressing that the central mediator between the Ministry of Finance and the public is not only.

Turning to the experience of Lebanon and Jordan, in the field of maintaining the stability of their currencies, adding that the situation in Iraq is different

He noted that the solution in Iraq lies in reducing the demand for the dollar through the structure of the Iraqi economy correction, rather than through a reluctance to sell the dollar.

The governor stressed the central bank sought to settle the employees' salaries in private banks, confirming the existence of a trend for the resettlement of all Iraqis salaries of employees over the next year in 2017 in the banks.

And welcomed the Governor of the Central Bank of any request to host the House of Representatives, stressing the importance of the meeting with the Parliament, on the basis of the fact that monetary policy specialty issue can not be dealt with from afar, or through skirmishes and analysis inaccurate.

This will be Nherns dialogue with the governor in Aladeddakadm magazine Iraqi banks issued by the Iraqi private banks association that

Content link
http://economy-news.net/content.php?id=6044

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