CBI decides to diversify fiscal policy next year

Baghdad / justice - 09/18/2012 - 2:09 am

Iraqi central bank decided to diversify its financial policies in 2013 through the sale of gold and government bonds and foreign citizens.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that "the Central Bank decided to not only his financial selling foreign currency from the dollar to the banks, but will have a monetary policy variety in 2013, through the sale of gold and government bonds and foreign citizens directly."

And added that "sell bonds and gold to home will not be a substitute for foreign currency, but it falls within the new monetary policy, which could be sold by the citizen or the bank to liquidate financial value and benefit." and explained that "the central bank in connection with granting leave called / holiday investment funds /, a Company issued its instructions, and function to promote financial transactions of gold bullion and bonds to the citizen, and this company is a non-banking financial. "and was the Finance Committee in the Iraqi Council of Representatives, called for the central bank to reduce foreign currency exchange rate, to reduce the high prices of goods and commodities in the market Iraqi.


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