Saadi urges banks to give a wider space for currency trading

by **Rocky** Mon 23 Sep 2013, 3:21 am

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Saadi urges banks to give a wider space for currency trading

by Rocky Mon 23 Sep 2013, 3:21 am

Saadi urges banks to give a wider space for currency trading

23/09/2013 12:00 AM

BAGHDAD - Farah pumice

Saw the head of the Securities Commission , Dr. Abdul Razzaq al-Saadi said the Iraqi dinar will not be affected eventful regional . Saadi said in a statement to the (morning) : "The exchange rate of the dinar specific market economy , because it is determined by supply and demand for the currency ," adding that regional events and private in the region does not affect the Iraqi currency, stressing that this is linked to the availability of control to rotate the Iraqi currency in the market for money and thus will not affect those events in the economy. " and found the Chairman of the Commission that the exchange rate of the dinar against the U.S. dollar is limited, especially as the private sector banks idly by in determine the trading process for hard currency , urging on giving them a wide area of freedom to determine its policy, for it to impose tough measures in the monitoring of this policy, thus lead this process to move the dinar in the market and raise the monetary value . should be noted that the Finance Committee parliamentary had announced the formation of a small committee consisting of three deputies to observe the mechanisms Iraqi dinar exchange rate against the dollar, stressing that the practical measures undertaken by the central bank recently led to address the problem gradually. 's parliament has guest last month, the central bank governor Agency Abdul Basit Turki and discussed with him the reasons for the high price of the dollar against the dinar.

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