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[size=18]November 28, 2015
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Our economy / Baghdad
Said Governor of the Central Bank of Iraq on the Keywords that he is not ready to close the sale of the currency, which raised around a lot of controversy after being confronted by the central bank charges of mismanagement as a result of adoption of this mechanism in the currency exchange window.
It also accused private banks as exploited for smuggling and money laundering.
Keywords and said while attending a panel discussion about the central policy and integrity in the presence of a personal political and economic
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"He Keywords that" many of the measures taken by the Central Bank to control the movement of funds and monitor their movements and their sources and address the mistakes of the past that.
"and the relationships that only 20% of State expenses in dollars, a foreign expenses for debt and imports ministries and the rest in local currency, revealing the central bank governor that in this year and reached the hypocrisy of the state to 54 trillion dinars, the volume of non-oil imports of which were three trillion local currency and the remaining oil imports in dollars was sold in the local Alasouk to bring Currency local.
As ills Keywords reason for his refusal to close the sale currency window to reality requirements as described Keywords said "the central bank has no dominance to sell the currency, but rather imposed by reality, and sales volume depends on the size of the request of the State of the local currency, and that the mechanism adopted for the implementation of the Bank's policy Central, which provides cash to curb inflation and to control the exchange rate.
With respect to waive the cash reserve with the central bank and media excitement chasing this thing, this Keywords reject al-Qaeda and said that this proposal due to lack of awareness and knowledge of the Iraqi Central policy and between the funds in the central has not reserves but it is a balance of foreign currency paid the local currency and said it flexible monetary mass fall when demand for the dollar and rise when demand for the dollar decline.
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In response to a Question face of the hanger on the identification of a specific timeframe to close the currency sale of dollars in the central bank window replied,
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and preparations for the central bank to avoid a financial crisis caused by low oil prices in the event of continued decline and if the central resort to printing currency also work in the nineties of the last century the days of the imposition of international sanctions on Iraq and the resort of the former regime to print currency?
Keywords that procedure flatly refused and said the central bank laws prohibiting printed currency in this way.
[/size][/size]
[You must be registered and logged in to see this link.]
[size=18]November 28, 2015
[/size]
[size=18][You must be registered and logged in to see this link.]
Our economy / Baghdad
Said Governor of the Central Bank of Iraq on the Keywords that he is not ready to close the sale of the currency, which raised around a lot of controversy after being confronted by the central bank charges of mismanagement as a result of adoption of this mechanism in the currency exchange window.
It also accused private banks as exploited for smuggling and money laundering.
Keywords and said while attending a panel discussion about the central policy and integrity in the presence of a personal political and economic
[/size]
[size][size]"It surprised by the statements objected to the sale of foreign currency to citizens by the central bank window fact that Iraq imports dollar and expenditures of state and local currency which requires the central bank to sell dollars to get the local currency to meet the expenses of the State and the dollar can be described with the commodity needed by the citizen and obtained from legitimate outlets and simply as stipulated in the Central Bank of the laws.
"He Keywords that" many of the measures taken by the Central Bank to control the movement of funds and monitor their movements and their sources and address the mistakes of the past that.
"and the relationships that only 20% of State expenses in dollars, a foreign expenses for debt and imports ministries and the rest in local currency, revealing the central bank governor that in this year and reached the hypocrisy of the state to 54 trillion dinars, the volume of non-oil imports of which were three trillion local currency and the remaining oil imports in dollars was sold in the local Alasouk to bring Currency local.
As ills Keywords reason for his refusal to close the sale currency window to reality requirements as described Keywords said "the central bank has no dominance to sell the currency, but rather imposed by reality, and sales volume depends on the size of the request of the State of the local currency, and that the mechanism adopted for the implementation of the Bank's policy Central, which provides cash to curb inflation and to control the exchange rate.
With respect to waive the cash reserve with the central bank and media excitement chasing this thing, this Keywords reject al-Qaeda and said that this proposal due to lack of awareness and knowledge of the Iraqi Central policy and between the funds in the central has not reserves but it is a balance of foreign currency paid the local currency and said it flexible monetary mass fall when demand for the dollar and rise when demand for the dollar decline.
[/size][/size]
[size][size]Keywords and said that the study released by the International Monetary Fund predicted the rise of the Central stock of hard currency in 2020 to $ 91 billion the fact that Iraq's imports will rise in the next stage.
In response to a Question face of the hanger on the identification of a specific timeframe to close the currency sale of dollars in the central bank window replied,
[/size][/size]
[size][size]"that he once available other outlets to provide the dollar in the domestic market such as remittances from the outside to the inside or the export of goods or attract investment that will cover the market need of hard currency will close sales window.
and preparations for the central bank to avoid a financial crisis caused by low oil prices in the event of continued decline and if the central resort to printing currency also work in the nineties of the last century the days of the imposition of international sanctions on Iraq and the resort of the former regime to print currency?
Keywords that procedure flatly refused and said the central bank laws prohibiting printed currency in this way.
[/size][/size]
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