Finance Committee: The Central Bank demands to develop a mechanism to facilitate the sale of hard cu

by **Rocky** Mon 28 Oct 2013, 1:39 am

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Finance Committee: The Central Bank demands to develop a mechanism to facilitate the sale of hard cu

by Rocky Mon 28 Oct 2013, 1:39 am

Finance Committee: The Central Bank demands to develop a mechanism to facilitate the sale of hard currency

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The member of the Finance Committee MP for Kurdistan Alliance Dler the able, the Central Bank of the need to facilitate the procedures for the sale of hard currency for citizens and banking companies to support the exchange rate of the Iraqi dinar against the U.S. dollar.

Unable said in a press statement seen by the "electronic probity" The central bank is required to develop a mechanism to facilitate the sale of hard currency, either in the auction or sale in the windows of banks in order to satisfy local market demand for the dollar.

He added that "to facilitate the sale of the dollar will support the stability of the Iraqi dinar exchange rate because it will ensure the delivery of the dollar to target groups of companies and citizens and businessmen, they must work in this direction, indicating that the tightening will make the local currency low against international currencies, as happened during the past months.

This witness the exchange rate of the Iraqi dinar against the U.S. dollar fluctuation due to the Central Bank's measures to the sale. Ended 5

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