CBE's / JD / shares of the banks of the daily dollar

19/07/2012

CBE's / JD / shares of the banks of the daily dollar

BAGHDAD / JD / .. announced the Central Bank of determining the financial allocations of hard currency to banks across the country.

The deputy governor of the Central Bank of the appearance of Mohammed Sala told (JD) that the central bank issued new regulations specify the amount of money in hard currency, which will be provided by banks across the country and adopted by the size of money supply, the Bank approved, as has been allocated $ 15 million a day for banks have the financial reserves estimated at 250 billion dinars, as a minimum.

He said he has been allocated $ 12 million dollars a day for the banks, financial stocks, which owns an estimated 150 billion dinars at a minimum, while the allocation of $ 8 million to the banks that have a financial stock is less than 150 billion dinars.

Saleh continued that the central bank issued a warning to banks with low reserves of cash for the purpose of raising their stocks, otherwise will be deprived of the quota mentioned.

The central bank has announced that the dollar is still higher than the required level, although control of the operations sold in the auction day, revealing a new mechanism to deal with branches of international banks.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an earlier statement / JD / the dollar exchange rate in the Iraqi market is still above the required level, although the control of the Central Bank of the quantity sold from the auction day, due to some irregularities here and there, explaining that the speculators are still practicing activity in the market despite their scale and the freezing of their activity through the strict procedures followed by the Bank in the sale of the dollar during the last period that followed the attacks on the foreign currency strong middle of last year until earlier this year. / End 20


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