Editor Duraid Salman - Friday February 14, 2014 10:08
Alsumaria News / Baghdad
Praised the MP for the coalition of national Kadhim al-Shammari, on Friday, the CBI procedures to impose special conditions on banks entering the market to buy the currency, and considered correct procedures and will lead to the stability of the currency and reduce the influence of speculators.
Al-Shammari said in a statement received "Alsumaria News", "The speculators and weak banks began to talk about the high price of the dollar against the local currency due to the central bank to compel banks put their balances at the central bank as a condition for entering the market to buy the currency, is the reaction expected to force the central bank to retreat his decision, "stressing that" the central bank made properly and will have positive returns on the national economy. "
Shammari said that "a central bank would end the influence of speculators and banks is discreet, which tasked the market and make it hostage Bnzoathm," pointing out that "these actions will increase the effectiveness of powerful banks and serves the local economy."
Shammari stressed "the need to support action on the central bank to prevent the re-currency traders who are causing fluctuations in market prices and make a living on the crisis in order to raise their assets, which was built on the backs of the poor."
The Central Bank of Iraq, said in a (July 30, 2013), the stability of the exchange rate of the Iraqi dinar against the dollar in response to the report of the International Center for Development Studies talked about the "reality flopped in the Iraqi economy," noting that its reserves of hard currency amounted to $ 70 billion at the end of 2012, As pointed out to strengthen the tally of gold to 29.7 tons.
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