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Suhail stresses that they must take the principle of transparency in central bank auctions Wednesday, 01 August / August 2012 15:17

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Suhail stresses that they must take the principle of transparency in central bank auctions
Wednesday, 01 August / August 2012 15:17



{Baghdad, Euphrates News} Search First Deputy Chairman of the House of Representatives Qusay al-Suhail with the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, a representative of the Office of Financial Supervision and the Chairmen of the Committees of Finance and economic development in the House of Representatives the Central Bank during the last period, the exchange rate of the dinar against the dollar.

A statement by the Information Office of the First Deputy Chairman of the Board received the agency {Euphrates News} a copy of it on Wednesday that "al-Suhail held a meeting with a delegation from the central bank headed by his deputy, the appearance of Mohammed Saleh, a representative of the Office of Financial Supervision in the presence of the chairmen of financial Haider al-Abadi, economic Ahmed Alwani to discuss things ensure the stability of the dinar exchange rate against the dollar and the real reasons that have contributed to lower the exchange rate of the dinar against the dollar. "

"The delegation of the Central Bank gave a review of the Bank's work during the last period, especially with regard to auction the central bank."

Suhail said that "the low exchange rate of the Iraqi dinar against the dollar negatively impact on the lives of Iraqi citizens and put it on the living standards such as the way things will lead to higher prices of materials needed by the citizen."

He stressed "the necessity of taking the principle of transparency in central bank auctions and develop a strategy to work out the money believes that pumps it from the dollar to buy goods needed by the citizens and not for other things." Ended


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