##### Finance for parliamentary "My Day": Do not fear the decline of the dinar and rising dollar will address next week

Monday-13 May 2013



Baghdad, Parliamentary Finance Committee confirmed that it discussed with the Central Bank of Multi rising dollar against the Iraqi dinar, pointing out that the central bank will take concrete measures next week to address the high dollar exchange front.

He explained Edwalganh the deputy financial secretary Hadi's (my day): that the central bank has measures to end the problem of rising dollar against the Iraqi dinar, noting that next week will take concrete measures by the Central Bank regarding the rise of the dollar.

He added: We can not Nbih procedures now, because there are those who exploit the market, noting that there are serious by the central bank and the House of Representatives to address this issue and improve the exchange rate of the dollar.

He Hadi out there that beneficiaries of the high exchange rate of the dollar against the dinar, pointing out that Iraq has so far more than $ 70 billion balance of reserves in the Bank of hard currency, noting: that Iraq is the only country that covers its currency this number from the reserve, noting He does not fear the decline of the Iraqi dinar in the future. to the committee member said Jaber Al Jabri said the Finance Committee decided to host the Minister of Finance and agency managers and a number of banks and other stakeholders to find out the reasons for the fluctuation of the exchange rate of the dollar against the Iraqi dinar.

He told my day: that the Finance Committee discussed yesterday with the Governor of the Central Bank of Iraq and the Agency Abdul Basit Turki future actions pursued by the central bank to control the fluctuation of the dollar against the Iraqi dinar to keep the Iraqi economy. He added: The meeting decided to host the Minister of Finance and agency managers and banks Rasheed and Rafidain and TPI and a federal private banks and Iraqi businessmen and director of economic crimes to find out the reasons behind the fluctuation of the exchange rate of the dollar against the Iraqi dinar exit mechanisms common to control the oscillation.

Said Jabri List MP Iraq: that the central bank has some of the measures, including allowing the sale of the dollar to the citizens ceiling of five thousand dollars per citizen after the submission of his passport or travel card, indicating that the meeting stressed the need to open new outlets in order to implement the new policy pursued by the central bank. to that shown the House of Representatives, on Sunday, his full support for central bank action to strengthen its economic development, stressing that he had discussed the Bank's role in making decisions in order to protect the funds of Iraq over the next year.

The council said in a statement: The Presidency expressed during a meeting with House Speaker Osama Najafi, the Governor of the Central Bank and the Agency Abdul Basit Turki full support to the actions of the Iraqi Central Bank to strengthen the capacity of the Bank in economic development.

The statement added: The Authority is also shown support for the bank on the audit work of private banks and archiving of information within the bank and reform measures that include adjust the exchange rate of the dollar and reduce the phenomenon of money laundering, adding that the meeting also discussed the role of Parliament in making decisions for the protection of Iraqi funds for the coming year and address the issue of debt and push focus of the international effort to protect Iraqi funds abroad.


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