Member parliamentary Finance: the increase in central bank sales of the dollar does not affect its cash reserves

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July 19, 2013
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[ltr]Ruled out a member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, influenced by the increase in sales of the Central Bank of the dollar in the auction on the monetary reserves of hard currency, stressing that the bank has no fixed roof of the sale, but sells according to the actual need of the market.

Abbas said (of the Agency news): The policy of the Iraqi Central Bank to sell foreign currency to not have a fixed roof of daily sales, but according to the needs of the market both from the merchants Aoualemredy Aoualemsavrin to the dollar.

He added: civil most banks to take over a large proportion of the sales of the bank, and this is due not to accommodate the new policy adopted by the central bank about buying and selling, noting that the central bank is not responsible for it.

And: The Ministry of Finance which is supposed to open branches of government banks in all towns and villages in various governorates in order to deliver the dollar to all citizens, and in order not to get the monopoly of foreign currency to hand without the other.

The Central Bank of Iraq announced an increase in sales of hard currency in its daily auction during the past few days.[/ltr]


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