Finance Committee Member: the need to facilitate the procedures for the sale of hard currency to support the stability of the dinar exchange rate

Posted by on Oct 29, 2013 | Leave a Comment

27-10-2013 05:06 AM

Baghdad (news) .. The member of the Finance Committee MP / Kurdistan Alliance / Dler capable of, the Central Bank of the need to facilitate the procedures for the sale of hard currency for citizens and banking companies to support the Iraqi dinar exchange rate against the U.S. dollar.

Said is capable (of the Agency news): The Central Bank of the demands of setting up a mechanism facilitate the sale of hard currency, whether in the auction or Windows sales in the banks in order to satisfy local market demand for the dollar. added: that facilitate the process of selling the dollar will support the stability of the Iraqi dinar exchange rate because it will ensure the delivery of the dollar to target groups of companies and citizens and businessmen, it must be Work in this direction, indicating that the tightening will make the local currency low against international currencies, as happened during the past few months.

This testifies Iraqi dinar exchange rate fluctuation against the U.S. dollar because of the measures the central bank for the process of the sale.

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