IMF stands ready to help Iraq in the fight against money laundering

15/09/2012 13:45



Arbil September 15 / September (Rn) - The International Monetary Fund (IMF), on Saturday, expressed its full readiness to show support and assistance in maintaining the stability of the Iraqi dinar compared to the price of the dollar and the reduction of money smuggling operation and develop ways to control the country.

According to a statement issued by the Information Service of the Council of Representatives of Iraq, today, that "the Finance Committee chaired by MP Haider al-Abadi discussed with a delegation from the International Monetary Fund (IMF) fluctuation in winning auction Iraqi currency and the exchange rate and the budget 2013."

He added that "the two sides discussed ways to ensure to stop fluctuating exchange rate at an auction Iraqi currency and maintain the stability compared the price of the dollar, as well as discuss the process of smuggling money and ways to combat them, and the possibility of the Iraqi Central Bank to bridge the local market need of the currency and the federal budget for 2013."

The statement also quoted the delegation "ready IMF full to show support to help reduce currency smuggling, money laundering, and keep up with the work of the Central Bank of Iraq and its support in the work to maintain the Iraqi currency and the exchange rate to serve the Iraqi economy."


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