Finance Committee calls for the central control of banking offices to curb speculative dollar

August 10, 2013



Baghdad,  called the parliamentary Finance Committee, Wednesday, the central bank to monitor the banking offices to curb speculation in the dollar, while attributed the continuing decline in the exchange rate of the dinar against the dollar to activate the activity of speculators in the currency.

A member of the Committee Hassan's Ozmn "News", "The continuing decline in the exchange rate of the dinar against the dollar could Nazih to any activity of speculators in the currency of Finance."

He Ozmn that "some speculators about two months ago bought the big money of the dollar in the Iraqi market and sold Maldém of the dollar and won in every $ 100 10 thousands dinars," adding that "they themselves now they want falling prices to buy again and be sold a second time to increase the proportion of profits" .

And called Auzmn "government agencies, led by the central bank to follow up the matter seriously and monitor banking offices and selling the dollar in the private and public banks in order not to repeat such acts."

And recorded sales of the Iraqi Central Bank on Monday, down about 20 million dollars to 174 million dollars compared to Day Sunday, which recorded sales of $ 194 million

It consists of the banking system in Iraq from forty-three banks as well as the Central Bank and distributed by the property (7) state banks and (30) Ahli Bank, including (7) Islamic banks in addition to (6) of foreign banks

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