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Hue Mi
01-01-2014, 05:16 AM
The Central Bank increased em threatens monetary policy balanhi r (http://www.uragency.net/economy/177-2013-12-31-14-01-19.html)

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[12/31/2013 per above URL link]
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Baghdad/Orr news

Informed parliamentary sources warned of the collapse of Iraqi monetary policy continued to sell the dollar in the Central Bank auction, and revealed the outline of a continuing process of money laundering in a deal with American officials through lack of recognition of the Iraqi dinar in international transactions.

The sources said that "fiscal policy with Iraq at a critical juncture in the light of the growing phenomenon of the sale of the dollar in the Central Bank auction to sell the currency", stating that "the Government is not aware of these dangers and are unaware of the hidden level also collapse the monetary policy under the marginalization of Iraqi dinar still not recognized in international business dealings even after 11 years to change the old regime and the lifting of international sanctions on Iraq."

The sources pointed out that "the failure to adopt the Iraqi dinar in international trade and economic transactions are executed Iraqi economy arbitrarily and intentional", noting that "this phenomenon as foreign experts within the greater corruption in history, the agreement between American officials and international companies leading the laundering and money laundering".

To deal with matter that strongly criticized the policy of the Central Bank to control the Iraqi dinar exchange rate and called for reconsideration of the auction sale of the dollar but the latter insisted on continuing to sell foreign currency and to include all Government and private banks.

The Bank said in a statement in April, the sale of cash dollars continues through the Central Bank's auction for sale of foreign currency, "adding that" sales include all Government and private banks, according to quotas and the timing of it."