#### Financial expert: new central bank measures will support the exchange rate of the dinar money transfer control clause in banks

31-05-2013 03:39 PM


Baghdad (news) .. He favored a financial expert Mohsen Ali, the stability of the exchange rate of the Iraqi dinar against the dollar after the application of the new measures by the central bank, provided that they are accompanied by regulatory processes for banks and banking companies.

Ali said (of the Agency news): The low exchange rate of the Iraqi dinar during the last period due to weak oversight by the central bank on the work of banks and banking companies in terms of financial transfer, as well as procedures for sale of hard currency, which missed the bank much it.

And between: the new plan, which the bank intends to implement will support the exchange rate of the Iraqi dinar and return it to its real price, but with the proviso that accompanied similar regulatory measures to reduce currency smuggling and money wasted.

The parliamentary Finance Committee reported that the central bank told her that he will start next month, the application of a package of measures designed to restore the exchange rate of the dollar against the Iraqi dinar to normal to prevent a repeat of the case of exchange rate volatility.

And the value of the Iraqi dinar dropped gradually over the past weeks to reach the price per dollar to about 1129 dinars after it had been stable for 1120, the highest rate up to the exchange rate during the past two years. / End / 8. N. R /


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