"Central": companies post auction currency enhances the stability of the exchange rate permanently

April 22, 2014




Central Bank of Iraq, on 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 press release, "The bank's management has agreed to do money transfer companies to open accounts directly with the bank CBI, (the Iraqi dinar and the U.S. dollar) to carry out the purchase of foreign currency.

"the bank said," This operation will expand special events auction of foreign currency and contributes to the stability of the exchange rate permanently. "according to the morning newspaper and founded the Iraqi Central Bank as a bank independent under the law issued in 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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