Sunday, March 4, 2012

Vice chest describes the policy limit the central bank remittances to some banking companies with "monopolistic"

Sunday, March 04 / March 2012

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Description of the Deputy for the Liberal parliamentary bloc central bank policy in money orders to "monopolistic."

The MP said the governor Zamili told all of Iraq [where] that "the political central bank in the inventory of remittances to and from outside Iraq for banking companies is the policy of limited monopolies are contrary to the political practice in the banking world."

The CBI had earlier decided to limit the entry of domestic and foreign funds, known as the [orders] with some banking companies in the country as a precautionary measure to curb the circulation of counterfeit currency in the commercial markets of Iraq.

The Central Bank of Iraq under the law issued on the sixth of March of 2004, an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector to promote the system financial competitive and independent. ended 8.

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