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[size=46]Parliamentary Finance: The dollar is available in the Central Bank, and banks refrain from buying it[/size]
Iraq
16:50 - 2023-01-27
[You must be registered and logged in to see this image.]16:50 - 2023-01-27
A member of Parliamentary Finance, Jamal Cougar, revealed today, Friday, that there are large amounts of dollars available within the Central Bank, stressing that banks refrain from buying dollars from the bank.
Cougar said, "The former central bank governor, Mustafa Ghaleb Makhaif, informed the Parliamentary Finance Committee, about the availability of large sums of dollars available within the central bank."
He added, "Banks in the currency auction do not come to take money from the bank, and this is what caused the high prices, and therefore we need to provide the merchant with 500 thousand dollars when providing the bank with invoices," stressing that "the governor of the bank must have monetary experience and great financial relations to contribute to The necessary steps through which the price of the dollar can be restored to a state of stability.
The Central Bank of Iraq said in a statement, "For audit purposes, it was decided to stop dealing in the US dollar currency for banks, with the permissibility of dealing with them in other currencies."
He added, "The decision of the Iraqi Central Bank includes the Al-Ansari Islamic Bank for Investment and Finance, the Islamic Holding Bank for Investment and Finance, and the list also included the Asia Iraq Islamic Bank for Investment and Finance, and the Iraqi Middle East Investment Bank."
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