Central Bank of flops due to some political and economic brands

14/04/2012

BAGHDAD / JD / .. revealed the parliamentary finance committee for violations of the policy of the Iraqi Central Bank play a prominent political and some economic brands. A member of the Committee Haitham Jubouri's / JD / "The policy of the Central Bank of wandering and witnessing violations of some brands of economic," in addition to "the involvement of some politicians in this role and advantage of the situation in order to obtain profits at the expense of the Iraqi economy." (To him) and to address Jubouri "We do not accuse the central bank in full, but we draw the charge of some personalities that can be accused of violations taking place in the Central Bank". The Member of the Knesset Finance that "the moment is appropriate to introduce new Iraqi currency in the market for economic reasons several, saying that" making it a must to keep the exchange rate of the market and on the Iraqi dinar volatility. "And states: that the Cabinet had formed a committee to study the fluctuation in the rate Iraqi dinar exchange in recent times, to provide appropriate solutions and to prevent harm to the national economy. denied the Iraqi Central Bank to inform the decline in reserves of foreign currency in recent times, stressing that these precautions have escalated. said the Iraqi Central Bank in a statement late on Friday, I got the agency (JD ) a copy of it ": that some journalistic circles deliberated analyzes marred by a lot of palaces, which indicated that the Iraqi Central Bank's reserves of foreign currency has decreased during the last few months, billions of dollars. The central bank said that these numbers or other sales are the result of the dollar to the regular customers of Iraqis and through the daily operations of the foreign currency auction in the past months or years, knowing that the bank's reserves of foreign currency has not declined but increased during the last period. He noted that central to the direct intervention of neighboring countries in this auction is baseless and unfounded, although the regional impacts of current left indirect effects on the movements of foreign exchange in the domestic money market. / Finished / 11 n

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