02-02-2012
Committed Central Bank of Iraq, Thursday, all Iraqi banks participating in the auction to disclose its customers to obtain foreign currency, attributing the cause of the lack of sales of the currency during the past two days to the lack of definition of the buyer himself.
The deputy governor of the Bank Mazhar Mohammad Saleh in an interview for “Alsumaria News”, “part of the duties of the central bank regulatory and supervisory and in accordance with the principles of the Basel Convention International that Iraq is a member is to know the customer who buys currency from the bank through banks to prevent any breaches that may affect the security of the state. ”
Saleh added that “the Bank has committed all banks participating in the auction to disclose its customers through their access to the currency,” adding that “the Bank on condition that the customer shall have a current account at the bank and free certified check and Ervgah with treatment when you buy the currency.”
Saleh continued that “the lack of sales of the currency during the past two days to the lack of definition for the same buyer,” pointing out that “there are a lot of purchases in violation of the rules of the legal and banking as the names and interfaces are not known.”
Saleh pointed out that “some Iraqi banks do not encourage the process of opening a current account,” asserting that “the Bank has large reserves of currency to cover possible market for twenty times.”
The central bank held the Iraqi daily sessions for buying and selling foreign currencies with Iraqi banks that fund the traders from the private sector, excluding public holidays on which depends the World Bank for these auctions, and the sales either in cash, or in the form of money orders sold out for a commission of certain.
The accused member of the Iraqi Taha Lahibi, January 28 last, Iran enter the Iraqi currency counterfeit for the purchase of hard currency from the market, helping customers in Iraq, in what was considered the Iraqi Central Bank, in the January 29 last, that the rate of currency Iraqi counterfeit normal compared to the rest of the States, As pointed out that those currencies are entering the market from three sources.
The Deputy Governor of Central Bank of Iraq appearance of Mohammed in the ninth month of January, in an interview for “Alsumaria News”, that the high exchange rate of the dollar against the Iraqi dinar in the Iraqi market, as well as higher sales of the Iraqi Central Bank of foreign currency due to the financing of trade neighboring countries by the Iraqi traders.
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.
Link
Committed Central Bank of Iraq, Thursday, all Iraqi banks participating in the auction to disclose its customers to obtain foreign currency, attributing the cause of the lack of sales of the currency during the past two days to the lack of definition of the buyer himself.
The deputy governor of the Bank Mazhar Mohammad Saleh in an interview for “Alsumaria News”, “part of the duties of the central bank regulatory and supervisory and in accordance with the principles of the Basel Convention International that Iraq is a member is to know the customer who buys currency from the bank through banks to prevent any breaches that may affect the security of the state. ”
Saleh added that “the Bank has committed all banks participating in the auction to disclose its customers through their access to the currency,” adding that “the Bank on condition that the customer shall have a current account at the bank and free certified check and Ervgah with treatment when you buy the currency.”
Saleh continued that “the lack of sales of the currency during the past two days to the lack of definition for the same buyer,” pointing out that “there are a lot of purchases in violation of the rules of the legal and banking as the names and interfaces are not known.”
Saleh pointed out that “some Iraqi banks do not encourage the process of opening a current account,” asserting that “the Bank has large reserves of currency to cover possible market for twenty times.”
The central bank held the Iraqi daily sessions for buying and selling foreign currencies with Iraqi banks that fund the traders from the private sector, excluding public holidays on which depends the World Bank for these auctions, and the sales either in cash, or in the form of money orders sold out for a commission of certain.
The accused member of the Iraqi Taha Lahibi, January 28 last, Iran enter the Iraqi currency counterfeit for the purchase of hard currency from the market, helping customers in Iraq, in what was considered the Iraqi Central Bank, in the January 29 last, that the rate of currency Iraqi counterfeit normal compared to the rest of the States, As pointed out that those currencies are entering the market from three sources.
The Deputy Governor of Central Bank of Iraq appearance of Mohammed in the ninth month of January, in an interview for “Alsumaria News”, that the high exchange rate of the dollar against the Iraqi dinar in the Iraqi market, as well as higher sales of the Iraqi Central Bank of foreign currency due to the financing of trade neighboring countries by the Iraqi traders.
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.
Link
