Finance parliamentary: the reliance on central bank monetary policy open

Boy this sounds like old news!



August 20, 2013



Confirmed the parliamentary Finance Committee that "the first cause the dollar to rise against the Iraqi dinar lies in the political set by the Central Bank as the monetary policy pursued by the central bank with the companies and banks that deal with the bank."

A member of the Committee Faleh applicable to the newspaper "integrity electronic" that "the central bank told the Finance Committee in the House of Representatives will be followed by a new mechanism in place will contribute significantly raise the value of the Iraqi dinar ahead of next June? will be the mechanism capable of raising the value of the Iraqi dinar against the U.S. dollar."

The force added that "the central bank to reduce the size of the companies that deal with it and put the money in the auction, which will lead to a reduction in the value of the dollar and reliance on monetary policy open without complicated procedures and controls and open a wider field of hopes the government banks."

It is noteworthy that the banknotes market witnessed a clear variation in the exchange rate of the U.S. dollar against the Iraqi dinar.


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