Najib: Survey of selling the dollar in the Rasheed Bank will reduce the manipulation and fraud in the sale of hard currency

04/20/2013

BAGHDAD (Iba) .. A member of the Finance Committee praised the MP Najiba Najib, the decision of the Ministry of Finance to limit dollar selling in the Rasheed Bank only with strict conditions considering it as a step towards reducing the smuggling of hard currency and create a balance between the Iraqi dinar and the U.S. dollar.

Said Najib told the independent press (Iba) on Saturday, "said the move stems from the fear and the Ministry of Finance of the deterioration of the Iraqi currency and rising mafia smuggling hard currency to neighboring countries, stressing that" the continued high Sarabv dollar against the dinar payment of the Ministry of Finance, in coordination with the Central Bank by making Rasheed Bank main bank to sell the dollar and under specific conditions. "

He referred to "compel the citizen who wants to buy the dollar by highlighting the passport to make sure the actual need to buy the dollar and reduce manipulation to buy the dollar and sell it on the black market at high prices."

He continued, "The Finance Committee will host the central bank involved in the and specifically section of the auction and sell the currency, noting" there are some coordinators and Exploited Children to develop a troubled country of manipulating the sale and smuggling of currency outside the central bank. "

This instructed the Ministry of Finance to the Rasheed Bank to sell the dollar for the citizens of its headquarters and branch Shorja exclusively subject to specified conditions. (End)

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Banker: delete the zeros in the current period will help forgery and counterfeiting of currency

04/20/2013

BAGHDAD (Iba) .. Mark North Bank adviser Investment and Finance wholesome Elias Abbou, that the current period is not appropriate to start procedures to delete the three zeroes from the Iraqi currency.

He said Abbou told the independent press (Iba) "The process of deletion of zeros from the perspective of economic management process relies on how to control the deletion of zeros without imbalance between the monetary value of the previous and the new value, warning" from the disruption of purchasing power after the deletion of zeros and harm consumers first . "

"The replacement of the Iraqi currency restructuring measures in the current circumstances is correct and will lead to Antstreetmlah of counterfeiting and forgery as a result of the instability of the security situation, political and economic."

He Abbou "The interest of the deletion of zeros is the process by reducing the money supply only and you need a long time to define them as citizens and that the current circumstances is appropriate to start the process." (End)

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Member of the parliamentary economy: the new central bank administration succeeded with some financial matters and a lot of them failed to

20-04-2013

Baghdad (news) .. Student member of the Committee on the economy and investment MP / National Alliance / Abdulabas the Xiaa, the central bank adjust its policy towards the exchange rate of the dinar against the dollar, and tighter control on the sale of hard currency.
And said Xiaa (of the Agency news): The Directors of the Central Bank of the problem and the agency has succeeded to some things that pertain to monetary policy at the beginning of the receipt of the task, but failed in many of them did not stand the mafias some private banks and weak souls who aim usury.

He added: that a lot of things that pertain to the work of the central bank needs to be regulation, noting that the dollar exchange rate is still high compared to the dinar and currency smuggling and money laundering also still exist.

And called for the central bank to develop procedures to monitor banking operations and sale of foreign currency to curb smuggling, economic crimes and the stability of the exchange rate of the Iraqi dinar. / End / 8. N. R /

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