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View Full Version : Gov of CBIto abolish the bank auction to sell the dollar and suspended customs duties



BatmaninIraq
06-21-2015, 08:27 PM
Governor of the Central Bank proposes to abolish the bank auction to sell the dollar and suspended customs duties

June 21, 2015 17:05


He suggested Governor of the Central Bank of Iraq and the Agency on the Keywords Cancel your bank auction sale of foreign currencies including the US dollar to save the exchange rate against the Iraqi dinar.

He said a parliamentary source familiar with the "Keywords explained through hosted today in the parliamentary finance committee, that he has solutions studied with specialists in order to ward off any risk and prevent the increase of the dollar exchange rate, which the central bank output from the sale of the dollar, and the liberalization of price without any limitation and sell it to anyone who wants to buy it, because there is a reserve in the bank responds to any request with the restriction of sales instructions and controls but this is what the Bank can not do him. "
"As suggested Keywords suspended customs duties, as the majority of cases of corruption at border crossing points, and corruption among officials at border crossing points."

The source quoted Keywords emphasis on "the need to control activation of the money laundering operations because there is an economic crime committed and should be monitored."

He attributed the Governor of the Central Bank crisis high dollar exchange rates, "the existence of banks to buy bills forged for the withdrawal of currency", pointing out that "Jordan and Dubai adopted to control about Iraqi remittances as Dubai refused entry the next remittances from Iraq that b [dollar] and proceeded to turn it into Dirham UAE to allow entry, "referring to" non-Turkey cooperation in this aspect. "

Keywords noted that "the five banks by indicators such transfers, and profit per day up to about $ 22 million."
The Governor of the Central Bank of Iraq and the Agency on the Keywords commented yesterday on the financial budget law for 2015 regarding the identification Bank Auction sales of $ 75 million, saying, "We sell in the daily bank auction amount of dollar exceed the amount of the $ 75 million set in the budget law because we have an objection to the determine the amount of sales Monetary policy is essentially the use of these goals, and if they are already restricted the flexibility to rob the bank, "adding that" There is no intention to change our exchange rate at the auction. "