***** Central Bank allows for money transfer companies to participate currency auction

Monday, April 21, 2014 12:09



Alsumaria News / Baghdad


Central Bank of Iraq, Monday, for allowing the money transfer companies to participate ERA currency, stressing that this would contribute to the stability of the exchange rate permanently.

The bank said in a statement received "Alsumaria News", a copy of "The bank's management has agreed to do money transfer companies to open accounts directly with the Central Bank of Iraq (Iraqi dinar and the U.S. dollar) to carry out the purchase of foreign currency."

The bank added that "this process will expand special events auction of foreign currency and contributes to the stability of the exchange rate permanently."

The Central Bank of Iraq was established as a bank independent under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.


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Approval by the money transfer companies to open accounts directly with the central bank

21-04-2014 10:17 AM

Baghdad (news) .. The Board of Directors of the Iraqi Central Bank meeting minutes held on Sunday to approve the money transfer companies to open accounts directly with the CBI 'Iraqi dinar and the dollar'.

According to a statement of the bank received the Agency (news): The management of the Central Bank of Iraq has decided in its session held on Sunday, 20.04.2014 Approval by money transfer companies to open accounts directly with the Central Bank of Iraq (Iraqi dinar and the U.S. dollar) to carry out the purchase of foreign currency, including expands Special Events auction of foreign currency and contributes to the stability of the exchange rate permanently. / End / h. / P

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Central Bank decides to enter the banking companies to auction currency "without broker"


Author: HA, HH, SSJ
Editor: HA, HH
21/04/2014 11:02



Long-Presse / Baghdad

Decided the Iraqi Central Bank, on Monday, to allow banking companies financial enter the currency auction "without broker", and stressed that this action will contribute to the stability of the price of "dinar" and expands the auction of foreign currency, as pointed out that those companies would be "a true partner" to support economy.

The central bank said in a statement received (range Press), a copy of "Central Bank Governing Council decided at its meeting held on Sunday, the money transfer companies to open accounts directly with the Central Bank of Iraq, the Iraqi dinar and the dollar to carry out the purchase of foreign currency."

The bank added that "this process will expand special events auction of foreign currency and contribute to the stability of the exchange rate permanently, as well as making these companies a true partner in operations supporting the economy and the stability of the Iraqi dinar."

The number of owners of companies banking financial, criticized Tuesday (3 December 2013), the clampdown that followed the central bank and the routine which controls procedures, and argued that they can not approach the office of any employee to ask about the fate of their transactions, as emphasized that the central bank Iraqi lacks regulations in its dealings, pointed out that what puts Bank of instructions and controls "and the harsh injustice."

The Central Bank of Iraq (November 24, 2013) seeks to amend the banking laws, including the proportion to the current situation, and pointed out that the money laundering law the most prominent laws that seek to modify it, while stressing that going to play a developmental role of the Iraqi economy.


http://www.almadapress.com/ar/news/29559/البنك-المركزي-يقرر-دخول-شركات-الصير