Attorney Mayahi demanded change the current policy of the Central Bank to save the national currency from degradation

Admin Sat Sep 29, 2012 10:01 am


Date: 09/29/2012 06:52:35 Saturday

Attorney Mayahi demanded change the current policy of the Central Bank to save the national currency from degradation Filemanager

Baghdad (news) ..
Student member of the Committee on the economy and investment MP / mass
white / Aziz al-Mayahi, a new monetary policy keep pace with advances
in the field of financial and banking sector in the world and change the
current policy pursued by the central bank as threatening the local
currency to deteriorate.

Mayahi said (of the Agency news): There are a lot of negative
indicators monitored in the work of the Central Bank, particularly the
recent violations that occurred in the process of buying and selling the
dollar in the auction and allow brokers to manipulate the exchange rate
of the Iraqi dinar against the U.S. dollar.

He added: that the committee formed in the House of Representatives
with respect to audit and monitor the work of the central bank auction
will submit its report to the Council in the next few days, which
indicates initially for errors and significant violations occurred where
the central bank.

He explained: that monetary policy in the country must cope with the
evolution in the world, particularly in the financial and banking, in
addition to the current policy pursued by the central bank proved its
failure must be change current policy and the adoption of a new monetary
policy to support the local currency and save it from deterioration.

For his part, Chairman of the Board of Supreme Audit earlier that
during the few days will show the results of the investigative report to
the House of Representatives.

The parliament speaker Osama Nujaifi stressed, (Sept. 10 2012 (on the
need to adopt the current policy adopted by the Central Bank of Iraq in
light of the regional situation troubled politically, economically and
socially as well as having convinced that the dollar seeps out of the
country illegally, while calling for the need to facilitate procedures
for citizens to obtain currency from the bank in critical situations.

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