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Iraqi Central stop selling hard currency denies

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gemini5


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Posted Today, 11:11 AM

Iraqi Central stop selling hard currency denies

04/02/2012 17:32

Baghdad, 4 February (aknews) – the Central Bank of Iraq Saturday denied reports that some media had transferred from officials of local companies to stop banking to sell hard currency as a measure to protect the Iraqi economy by the exposed area of the political crisis. Stating that global action taken to determine the beneficiaries.

Saw the dollar compared to the local currency surged during the past few days, which officials attributed to local banking companies stop Central Bank hard currency sales.

And local media have reported on the growing phenomenon of the sale of hard currency to Iranian businessmen at border crossings, particularly in Maysan governorate, is unless confirmed by the Central Bank of Iraq.

He said the Bank's Deputy Governor Mohammad appearance of Kurdistan News Agency (aknews) "Central Bank of Iraq did not stop the sale of hard currency and said the rumors involved (. ..) There is a window open sale, sale is part of our job to interfere in maintaining currency stability. "

"The Central Bank auction applicants asked to be formal and disclose information beneficiaries are they real or imaginary people", indicating that the Bank "has asked that anyone who makes buying dollar current account and authenticated instrument two and a copy of the certification instrument.

And the Deputy Governor of the Bank "Bank procedures is a universal rule and fall within the banking oversight."

The Iraqi Central Bank operates in accordance with law No. 56 of 2004, and holds five weekly sessions in daily public auction sale of foreign currency.

Main tasks of the Bank to maintain price stability, monetary policy implementation, including exchange rate policies, management of foreign currency reserves, the issuance of currency management, as well as regulation of the banking sector.

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Thank you..b.bridgebandit at PD

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