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Central Bank Governor: the country needs to work doubly to stop money laundering
Thursday, July 3rd, 2014 12:26
BAGHDAD / Baghdadi News .. The Governor of Central Bank of Iraq, on Thursday, said the strength of the Iraqi dinar and the precautions that support has not been affected despite the recent situation in Iraq, noting that the country needs to work doubly to stop money laundering.
Said Abdul Basit Turki said in an interview during his participation and chaired by the FATF for the Middle East and North Africa to combat money laundering and terrorism financing in Bahrain and I followed / Baghdadi News / "The cash reserve supporter of the Iraqi dinar is 70 billion dollars and the central bank is able to support the exchange rate of the dinar which currently stands at 1200 dinars to the dollar but did not rule affected the exchange rate. "
He pointed out that "the Iraqi dinar powered reserves and is pegged to any other currency and cash reserves able to support," reassuring "Iraqis that those large reserves of state funds of the central bank are not in Iraq but in the states and other banks in Europe and other countries."
And influenced by the currency and the economy because of the security situation, said, "There is no doubt that the latest of this size have an impact on the economy first and on the financial position and cash the other hand, the Iraqi state, but able to get out of this crisis."
And money laundering in Iraq and in the region by virtue chaired this group pointed out that "Iraq and the GCC countries, especially the Arab countries and Middle Eastern generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps must be bridged for not world class and this is what we need now." Ended / 21
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Thursday, July 3rd, 2014 12:26
BAGHDAD / Baghdadi News .. The Governor of Central Bank of Iraq, on Thursday, said the strength of the Iraqi dinar and the precautions that support has not been affected despite the recent situation in Iraq, noting that the country needs to work doubly to stop money laundering.
Said Abdul Basit Turki said in an interview during his participation and chaired by the FATF for the Middle East and North Africa to combat money laundering and terrorism financing in Bahrain and I followed / Baghdadi News / "The cash reserve supporter of the Iraqi dinar is 70 billion dollars and the central bank is able to support the exchange rate of the dinar which currently stands at 1200 dinars to the dollar but did not rule affected the exchange rate. "
He pointed out that "the Iraqi dinar powered reserves and is pegged to any other currency and cash reserves able to support," reassuring "Iraqis that those large reserves of state funds of the central bank are not in Iraq but in the states and other banks in Europe and other countries."
And influenced by the currency and the economy because of the security situation, said, "There is no doubt that the latest of this size have an impact on the economy first and on the financial position and cash the other hand, the Iraqi state, but able to get out of this crisis."
And money laundering in Iraq and in the region by virtue chaired this group pointed out that "Iraq and the GCC countries, especially the Arab countries and Middle Eastern generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps must be bridged for not world class and this is what we need now." Ended / 21
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