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Deputy: the influence of speculators and banks is discreet tasked Iraqi market

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rocky
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Deputy: the influence of speculators and banks is discreet tasked Iraqi market

Post by rocky on Sat 15 Feb 2014, 7:12 am

Deputy: the influence of speculators and banks is discreet tasked Iraqi market

14/02/2014
Shammari: procedures for the central bank about the banks are correct and professional MP for the National Coalition Kadhim al-Shammari, that the actions of the Iraqi Central Bank on the status of conditions on the banks to enter the market to buy the currency is the correct procedures and will have important consequences for the stability of the currency and the market in the long run.
Al-Shammari said, in a press statement to the media office, PUKmedia received a copy of it, today Friday, 14/02/2014, to "talk about the high price of the dollar against the local currency due to central bank action to compel banks put their assets in the Central Bank as a condition for entering the market to buy the currency is the result of the inevitability of unexpected and will not continue being a reaction of speculators and weak banks to force the central bank to reverse his decision. "
The MP added that "the action the central bank is conducting true professional and will have returns of large positive on the economy by ending the influence of speculators and banks is discreet and reduce their influence, which stretched the market and make it hostage Bnzoathm and maintain the effectiveness of the banks strong credible and guarantee that work to serve the local economy ".
Shammari stressed "the need to support the central bank's measures to prevent re-currency traders of the beneficiaries of the pulse market prices and who make a living on the introduction of the domestic market in the successive crises from time to time to time to serve their assets, which was built on the shoulders of the poor citizen."

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