Central sales for banks rises to 600 thousand dollars
Baghdad / Ibrahim Ibrahim
the Central Bank of Iraq announced on Sunday (April 10, 2016), for the approval of a cell of the financial crisis on the issuance of bonds to pay dues ofcontractors and suppliers on the state institutions, as he emphasized that the bond is a guarantee for loans atfull face value, he pointed to the possibility of deducting those bonds in banks or sold in the market.
the central bank said in a statement, received the "long" version of it, "both the national Department ofpension credit and bank bought through public auction conducted by the central bank on behalf of the Ministry of Finance treasury remittances amounting to 400.01 billion dinars, adding that the two the transfer of 364 days. "
He added the central" the department and the bank bought the full transfer and the highest price, "adding that" the number of participants in the auction amounted to three participants. "
He said the bank in its statement that" sales of the dollar banks reached since the beginning of this year until the day 9 billion and 544 million and 405 000 and $ 437.
he said the bank that "this amount increased from what it was on the same date last year in 2015 , while the sales amounted to 8 billion and 944 million and 427 thousand dollars."
Central and pointed out that " the sale of the amounts transferred to the accounts of banks price outside is 1190 dinars per dollar, while cash sales price of 1190 dinars per dollar. The Rafidain Bank announced onTuesday (April 5, 2016), for direct bank sold the dollar through its branches in Baghdad and the provinces, while confirming that the selling price will be as specified by the Central Bank of Iraq. In
turn, the economist said Uday Abdul Ameer Amer, in an interview for the "long", that " the government steps toward bridging the fiscal deficit for nearly two slow does not keep pace with economic changes witnessed by the country."
He added that " the central bank issued a number of instructions that he wanted from which to control the rise of the dollar in against the Iraqi dinar, but with little due to the continued sale of currency policy through adaily auction , which wasted through which billions of dollars through money laundering as a result. "
said Amer said" no domestic market study extensively by government experts and the development of topical treatments for the volatility of prices, factors led to certain categories of traders who stand behind them parties influential currency market for nearly ten years of control. "
and that" Iraq needs economic system clearly establishes a local open market , but the conditions under which the preservation of the national industry and the lack of foreign currency out only for certain purposes and be with the consent the federal government. "
the governor of the central bank on the Keywords announced in the third from last March that" the new regulations set by the bank is that the auction is no longer a daily window for operations for the sale ofcurrency auctions, "adding that" new mechanisms developed to sell this currency, especially that of and functions to provide currency for foreign trade.
the CBI said the bank independent Iraqi under the law in the March 62 004 and is responsible for maintaining price stability and the implementation of monetary policy and the management of foreign reserves and theissuance of currency management, and regulate the banking sector to promote a competitive and stable financial system.