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The parliamentary Finance: volatility is due to the influence of dinar brokers to buy and sell Gover

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Hkp1
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The parliamentary Finance: volatility is due to the influence of dinar brokers to buy and sell Gover

Post by Hkp1 on Tue 09 Jul 2013, 1:42 am

The parliamentary Finance: volatility is due to the influence of dinar brokers to buy and sell Government dollar


Tuesday, 09 July 2013 08: 35


{Baghdad: Euphrates news} attributed the parliamentary Finance Committee member, Iraqi dinar exchange rate fluctuations against the dollar to influence brokers to buy and sell the dollar in the Central Bank auction, stressing the need to take practical action to reduce the counterfeiting of currency.

And the exchange rate of the Iraqi dinar against the u.s. dollar fluctuated between period and other economists attributed that to much political instability are Central Bank monetary and political differences that appear from time to time in the political arena.

According to Attorney Abdul Hussein Al-yasiri in {forat News} said Tuesday that he "is assumed to be constant for the local currency is determined by the Central Bank through an auction sale of the currency".

He noted that "the rise in the exchange rate as a result of the presence of the first Government and the other two parallel has been dealing through mediators and had the effect of withdrawing the dollar amounts sold to influence Exchange rates.

Yassiri stressed that "proper handling will price the price."

The Council of Ministers decided on 16 October last year charged Abdel Basset Turki to manage the Central Bank instead of Sinan Al-Shabibi, who issued an arrest warrant for integrity in addition to 16 other officials including Deputy Governor Mohammad Saleh appearance.

The decision came during a report to a parliamentary Committee formed by deputies headed by Qusay Al-Suhail, first Deputy President of Parliament led to the issuance of arrest warrants against a number of officials, including Central Bank Governor Sinan Al-Shabibi on corruption charges.



And about the proliferation of counterfeit currency in Iraq explained that "there is a proliferation of counterfeit currency and had proposed that there be address through the amount of exchange rates and currency restructuring so that the new edition would be difficult for counterfeiters." ended up 2


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