Financial expert: increase hard currency outlets will contribute to the stability of the exchange rate of the Iraqi dinar

13-04-2013 08:01 AM


Baghdad (news) .. Likely financial expert as Hadi Al-Tamimi, the stability of the exchange rate of the Iraqi dinar against the dollar, after the necessary measures taken by the Directors of the Central Bank, included an increase of outlets selling hard currency.

Tamimi said (of the Agency news): The increase in the number of outlets for the sale of hard currency in the government and private banks by the central bank will contribute significantly to the stability of the dinar exchange rate it would meet the market needs of the dollar.

He added: that the process of the sale of hard currency must be accompanied by other operations to monitor the buying and selling foreign exchange operations to reduce currency smuggling and money laundering, that appear from time to time.

This revealed the Finance Committee in the House of Representatives, for 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 through the government and private banks.

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. / End / 8. N. P /


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