Central defends the procedures followed in the auction currency

04/16/2014 10:21

Tomorrow's Press / BAGHDAD: The governor of the Iraqi Central Bank Abdel Basset Turki, Wednesday, lengthy discussions that took place between Iraq and the IMF and the World Bank in Washington over the last instruction issued by the central bank with respect to the auction sale of foreign currency.

Said Abdul Basit Turki for "tomorrow's Press", "The World Bank expressed doubts about some of the paragraphs of the window from the sale of the currency in Iraq and assumed by the central bank," pointing out that "he was to clarify all of those items for each of the World Bank and the International Monetary Fund and representatives of the Department of the Treasury U.S.. "

He added that "the results of the recent sell the currency proved successful procedures, as well as achieving economic results was acceptable stability of the exchange rate of the currency and the currency for banks to provide a smooth and without any crises."

He stressed that "discussions are still ongoing with the U.S. Treasury Department about the activation of financial relations between Washington and Baghdad."


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