Banker: sell the dollar at a rate (1189) JD will make the exchange rate of the national currency stable and reduce inflation

Date: 09/01/2012 13:36:04 Saturday



Baghdad (news) .. Noted director of the Association of private banks Abdul Aziz Hassoun, that sell dollars to banks participating auction currency rate (1189) dinars to the dollar will make the exchange rate of the dollar against the dinar stable.

The Goldfinch (of the Agency news) on Saturday: The call central bank to buy dollars at (1189) dinars to the dollar will stabilize Iraqi dinar exchange rate, adding that the central bank select selling currency for citizens b (10) thousand dollars per person for the purposes of travel for treatment or for tourist purposes.

Confirmed: to increase the width of the dollar will lead to a lack of demand and thus will lead to the stability of exchange rate fluctuations, which hopes the Iraqi Central Bank.

He explained: to increase the dollar and the high exchange rate against the dinar led to high rates of inflation in Iraq, prompting the central bank to dollar could accelerate drag on private banks to increase supply and reduce demand and reduce inflation.

The Central Bank called on traders and industrialists and other productive segments to buy dollars from banks participating in the auction of foreign currency rate (1189) dinars per dollar. Finished / 21. D. Q /


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01/09/2012



BAGHDAD / JD / .. called Central Bank traders, industrialists and other productive segments to buy dollars from banks participating in the auction of foreign currency and the rate is 118.9 dinars per dollar.

The central bank said in a press statement received / JD / copy of it: on the stakeholders in the activity of the Iraqi private traders, industrialists and segments other productive carrying import goods and services and production requirements and supplies various development, submission to private banks to participate in an auction of foreign currency, to finance Astiradathm by conversion or open letters of credit and commitment at an exchange rate of $ 1189 dollars per dinar and its observance. "

He added that access to the dollar "after having documents that prove they fundamentalism import and according to standard international norms of documentary credits and remittances and instructions issued by the Central Bank of Iraq in this regard". / End / / 22


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Central Bank calls for private banks to adhere to the exchange rate of the dinar against the dollar

Published on Saturday, 01 September / September 2012 09:06

BAGHDAD / With: called on the Central Bank of Iraq, Saturday, traders and industrialists in the private sector to "commitment to the exchange rate at the bank and auction of 1189 dinars per dollar, and abide by it."

He said in a statement: slides should producers who are engaged in the import of goods and services and supplies various development commitment to this price when you bring them to private banks to participate in the auction currency to finance the importation through conversion or open letters of credit. "

He stressed "the importance of providing documents and archives that prove they fundamentalism import according to standard international norms of documentary credits and remittances and the instructions issued by the Central Bank in this regard."

The central bank held 5 daily sessions in the week for the sale of foreign currency / dollar / auction allocated for this purpose, involving traders through private banks operating in Iraq. (Finished).


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