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Deputy: Ministry of finance required to open Windows to sell hard currency to all provinces to support the dinar
30-07-2013 12:23 PM
Baghdad (newsletter). E b Financial Committee member MP//Secretary Hadi, the Ministry of finance to coordinate with the Central Bank to open Windows to sell hard currency to all branches of State banks across the country to prevent monopoly sale of certain banks.
He said Hadi (News Agency): some private banks are trying to monopolize the sale of foreign currency for the interest of what had led to an increase in the dollar exchange rate for the dinar, as a result of an imbalance in the balance of supply and demand for the dollar in the domestic market.
He added: the Ministry of finance required to develop a plan to open special Windows to sell hard currency to all branches of the Rafidain Bank in the country both in Zakho or FAO to bring the dollar to eligible merchants and businessmen or travellers and others, to support the stability of the dinar exchange rate, noting that the State need most dealings dinar to the dollar.
The Iraqi dinar exchange rate experienced during the past few weeks significantly against the dollar, economists fear the impact on the country's economic wheel./finished/8 l. Eng.
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30-07-2013 12:23 PM
Baghdad (newsletter). E b Financial Committee member MP//Secretary Hadi, the Ministry of finance to coordinate with the Central Bank to open Windows to sell hard currency to all branches of State banks across the country to prevent monopoly sale of certain banks.
He said Hadi (News Agency): some private banks are trying to monopolize the sale of foreign currency for the interest of what had led to an increase in the dollar exchange rate for the dinar, as a result of an imbalance in the balance of supply and demand for the dollar in the domestic market.
He added: the Ministry of finance required to develop a plan to open special Windows to sell hard currency to all branches of the Rafidain Bank in the country both in Zakho or FAO to bring the dollar to eligible merchants and businessmen or travellers and others, to support the stability of the dinar exchange rate, noting that the State need most dealings dinar to the dollar.
The Iraqi dinar exchange rate experienced during the past few weeks significantly against the dollar, economists fear the impact on the country's economic wheel./finished/8 l. Eng.
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