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Member parliamentary finance: the dollar exchange rate is controlled by the central bank monetary policy only
04/27/2013
News Source: Baghdad 2
BAGHDAD / WAP / A member of the parliamentary Finance Committee Abdul Hussein al-Yasiri, the U.S. dollar exchange rate in Iraq is controlled by the central bank monetary policy only.
He Yasiri news agency Baghdad International / WAP / "The dollar exchange rate was in 1996 with a 3027 dinars fell in 2003 to less than that because of the monetary policy set by the central bank, which is selling role against the dinar where he became its price (1144-1166) dinars, This is due to the increased supply of the dollar against the Iraqi dinar. "
He pointed out, "it was increasing the number of outlets selling the dollar through private banks, and that this increase had an impact of large fluctuations in the dollar exchange rate, because these banks identified a single day, a Tuesday to sell the dollar, and this is inconsistent with the monetary policy in Iraq."
He said the "central bank is the sole body responsible for monetary policy in Iraq, and the work of the parliamentary Finance Committee in this thread, but on what the supervision by the central bank in the political unification of the exchange rate of the dollar against the Iraqi dinar." / End 2
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04/27/2013
News Source: Baghdad 2
BAGHDAD / WAP / A member of the parliamentary Finance Committee Abdul Hussein al-Yasiri, the U.S. dollar exchange rate in Iraq is controlled by the central bank monetary policy only.
He Yasiri news agency Baghdad International / WAP / "The dollar exchange rate was in 1996 with a 3027 dinars fell in 2003 to less than that because of the monetary policy set by the central bank, which is selling role against the dinar where he became its price (1144-1166) dinars, This is due to the increased supply of the dollar against the Iraqi dinar. "
He pointed out, "it was increasing the number of outlets selling the dollar through private banks, and that this increase had an impact of large fluctuations in the dollar exchange rate, because these banks identified a single day, a Tuesday to sell the dollar, and this is inconsistent with the monetary policy in Iraq."
He said the "central bank is the sole body responsible for monetary policy in Iraq, and the work of the parliamentary Finance Committee in this thread, but on what the supervision by the central bank in the political unification of the exchange rate of the dollar against the Iraqi dinar." / End 2
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