#####Central Bank to take urgent action to preserve the stability of the dinar exchange rate

You all better look at the high lighted sentence in red and look at the rate!!!!!
I also seen this in another paper and was not sure about it and now I am!


Wednesday, April 10 / April 2013 08:59


Twilight News / revealed the Finance Committee in the House of Representatives, Wednesday, the start of the Iraqi Central Bank to take urgent action to preserve the stability of the exchange rate of the Iraqi dinar against the dollar by increasing the outlets sold for hard currency.

A member of the Finance Committee Secretary Hadi for "Twilight News", "The exchange rate of the dinar against the dollar began gradually returning to normal after the central bank to take measures represented an increase of Iraqi ports sold for hard currency."

Hadi said that "expanding outlets for hard currency in Baghdad and the provinces and non-monopoly on a limited number of banks and banking companies will lead to stability in the exchange rate of the Iraqi dinar compared with the dollar."

And witnessed the exchange rate of the dinar against the U.S. dollar declined during the past few days as dollar rose against the dinar 1125 after it had been stable for 1120.

And threatened to parliamentary fact-finding committee CBI sales, in the first of Monday, resorting to international parties specialized in combating money laundering to track the money, which had been in the Development Fund for Iraq since 2003 until 2012 if not granted the CBI the full information.


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Finance parliamentary add Governor Central Bank and the Agency

09/04/2013 Baghdad morning's New

Finance Committee decided to climb the central bank governor and Abdul Basit Turki Agency to discuss the reasons for the high price of the dollar against the dinar.

Said committee member Magda Tamimi, Tuesday, "submitted an application to host the Iraqi Central Bank Governor agency Abdel Basset Turki to discuss the high price of the dollar against the Iraqi dinar, and we want hosting viewed from the governor on the bank's policy and plans to maintain exchange rate stability after witnessing a rise during the past few days ".

She explained that "will be hosting at an early date," and that "mini-committee of the Finance Committee responsible for monitoring the CBI will start its work in the follow-up auction of currency and the companies that are buying the currency."

And witnessed the exchange rate of the dinar against the U.S. dollar declined during the past few days as dollar rose against the dinar 1125 after it had been stable for 1120.

The record auction sale currency in the Central Bank of Iraq, Monday, a remarkable rise in the value of sales exceeded the "200" million dollars.

The governor of the Central Bank and Abdul Basit Turki Agency in a statement quoted by his press office, said that "the value of central bank auction sales amounted to 209 million and 142 thousand dollars," he said, adding that "the number of banks contribute to the auction of 24 banks."

"The value of the quantity sold dollar amount in cash amounted to $ 85 million, while the value of the quantity sold of Khawwalat 124 million and 124 thousand dollars."

Turki said that "the sale price of the dollar stood at 1179 dinars, including the central bank and a commission of 13 dinars per dollar."



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