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Banking expert: central bank's measures will not lead to the stability of the exchange rate of the dinar against the dollar
AM: 11:29:01 / 06/2014
Ruled out a central bank vice governor former banking expert appearance of Mohammed Saleh, the stability of the exchange rate of the Iraqi dinar against the U.S. dollar through the central bank's measures to allow money transfer companies to buy the dollar, without the mediation of a bank.
Mohammed Saleh said in a press statement that allowing money transfer companies to buy dollar directly without the mediation of a bank will not contribute to the stability of the Iraqi dinar exchange rate, they returned him, a secondary solution, not a radical solution to raise the value of the Iraqi dinar against the U.S. dollar.
He said, that the stability of the dinar exchange rate is to meet the need of the domestic market of the U.S. dollar and the expansion of dealing him, pointing out that, the central bank believes companies entering directly instead of whipped banks reduce transaction costs, which is reflected in the exchange rate, but is not the solution, stressing, that The main solution is to meet the needs of the market of foreign currency
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AM: 11:29:01 / 06/2014
Ruled out a central bank vice governor former banking expert appearance of Mohammed Saleh, the stability of the exchange rate of the Iraqi dinar against the U.S. dollar through the central bank's measures to allow money transfer companies to buy the dollar, without the mediation of a bank.
Mohammed Saleh said in a press statement that allowing money transfer companies to buy dollar directly without the mediation of a bank will not contribute to the stability of the Iraqi dinar exchange rate, they returned him, a secondary solution, not a radical solution to raise the value of the Iraqi dinar against the U.S. dollar.
He said, that the stability of the dinar exchange rate is to meet the need of the domestic market of the U.S. dollar and the expansion of dealing him, pointing out that, the central bank believes companies entering directly instead of whipped banks reduce transaction costs, which is reflected in the exchange rate, but is not the solution, stressing, that The main solution is to meet the needs of the market of foreign currency
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