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Procedures to maintain the value of the dinar

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oogie

oogie
CO-ADMINISTRATOR
CO-ADMINISTRATOR

05/13/2013 12:00 AM

BAGHDAD - Alaa al-Tai
proceeded CBI measures Links to reduce the fluctuation of the currency, and the province of the dinar on its value against the dollar. coincides these measures with the reassurance of the Finance Committee parliamentary citizens about Iraq's possession of up cash great deal of hard currency Ihsnh from any repercussions of a surprise.
The chairman of the Finance Committee parliamentary Haider al-Abadi told the "Center Brief for the Iraqi Media Network," on Sunday, the status of "action to get the citizens on the currency of the private banks and the government, including that the conversion up to travel or treatment, as it can be obtained on the currency required transfer official."
He also noted Chairman of the Finance Committee representative to receive messages reassuring officials at the central bank to control the subject of fluctuation in the exchange rate, as well as their emphasis on the lack of seriousness on the dinar from the presence of a mass of large cash.
, and pointed out that bank officials "have expressed great confidence in a strong central bank, what possessed of the cash reserves of hard currency is estimated at $ 74 billion, "pointing out that" the problem is confined to the difference between supply and demand in the Iraqi market for the dollar. "
and noted the action proper Adopted by the Central Bank of the adoption of increased remittances instead of cash or bank guarantees and encouragement to grant transfers without restrictions or limits to the banks, because traders often need to remittances and banking guarantees and do not need to cash, "stressing at the same time that" This measure documents currency trading is the safest. "For his part, briefed Governor of the Central Bank of the committee members at a meeting held yesterday in Parliament in the presence of First Deputy Speaker of Parliament Qusay al-Suhail, on the actions carried out by the bank and the instructions issued during the last term, and that everything is under control.
said the central bank governor that he is not worried of this volatility at the present time, believing it "temporarily too" As a result some of the measures taken by the Bank, including owns supervisory role on private and government banks.
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