Measures to maintain the value of the dinar

by Hkp1 Mon 13 May 2013, 11:55 am

Hkp1: Interacting Investor; Posts : 3118
Join date : 2012-12-19

Post n°1

Measures to maintain the value of the dinar

by Hkp1 Mon 13 May 2013, 11:55 am

Measures to maintain the value of the dinar

13/05/2013 07: 59

The
CBI started fast to reduce currency volatility, and the value of the
dinar against the dollar. these actions coincided with the parliamentary
Finance Committee to reassure citizens of Iraq significant cash reserve
of hard currency outcome from any fallout.

And the parliamentary
Finance Commission head Haider Al-Abadi told the news of the Center's
Iraqi media network "on Sunday, a" procedure for citizens ' access to
the currency of the civil government, banks that have to travel or
conversion therapy, they can obtain the required currency conversion.

As
the Chairman of the parliamentary Finance Commission to the reassuring
messages received from officials at the Central Bank to control the
fluctuation in the exchange rate, as well as emphasizing the lack of
seriousness on the dinar from a large monetary bloc.

He noted
that World Bank officials "expressed great confidence in the power of
the Central Bank, for its cash reserve of hard currency, estimated at $
74 billion, pointing out that" the problem is limited to the difference
between supply and demand in the Iraqi market for the dollar. "

He
noted the proper procedure adopted by the Central Bank to increase the
Monetary allowance transfers or bank guarantees and promote the granting
of remittances without restrictions or limitations to the banks, and
because merchants often need to bank transfers and guarantees and don't
need the cash,

"he said, adding that" this procedure documents are
safest currency. "Meanwhile, the Governor of the Central Bank, members
of the Committee at a meeting held today in Parliament attended by first
Deputy Chairman of Parliament Qusay Al-Suhail, the actions undertaken
by the World Bank and the Made during the last period, and that
everything is under control.

Central Bank Governor explained that
he was not worried about the volatility at the moment, as "temporarily"
as a result of some action taken by the Bank has a supervisory role to
the Government and private banks.

[You must be registered and logged in to see this link.]