Parliament calls for the Central Finance and the Ministry to discuss the fluctuation of the dollar
Tuesday 5/1/2012 5:06
Baghdad / term: Parliamentary Finance Committee confirmed that it will summon officials of the Central Bank and Ministry of Finance (without specifying the functional grades) during the week to see through them on the procedures applied to maintain the exchange rate of the Iraqi dinar compared with hard currency.
He accused the Central Bank of four countries to "conspiracy" to hit the financial economy of Iraq to empty its market of its financial strength indicating that the corridors of free trade in Iraq is becoming the means adopted to hit the economy.
A member of the Committee Secretary Hadi, according to (Rn) that the Finance Committee held last week deliberated on the exchange rate Iraqi dinar and procedures of the Central Bank and the Ministry of Finance ... Committee asked for new data on the procedures applied. "
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said Hadi, the Commission will call this week, officials from the Central Bank and the Ministry of Finance for the procedures applied to maintain the stability of the exchange rate on the grounds that the House of Representatives on the control of the executive bodies. "
He continued we will share over the adoption of the Bank and the Ministry of Financial Solutions of sound in the case of maintaining the exchange rate and the procedures sale of hard currency in the daily auction. "
and saw the price of the dollar relative to local currency increased during the last few days, which he attributed Officials companies banking on local stop central bank sales of foreign currency.
and picked up local media reported breadth of the phenomenon of smuggling hard currency from Iraq to Syria and Iran on the border crossing points which unless confirmed by the Central Bank of Iraq.
The main task of the central bank in maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of reserves of foreign currency and the organization of the banking sector.