Central Bank puts the mechanics of action to ensure the stability of exchange rate ..
Central Bank puts the mechanics of action to ensure the stability of the exchange rate and prevent speculation
11/29/2015 0 Comments
Central Bank of Iraq, announced on Sunday, for his quest to enact legislation to protect the decision-makers of the accusations, stressing continuity in the working mechanisms to ensure exchange rate stability in the markets.
The governor of the bank on the Keywords in a statement on the sidelines of a meeting with a large number of academics and relevant experts on international reserves and window sale of foreign currency at the central bank, that the meeting of the meeting was to face questioning random and the accusations made against the work of the Central Bank by some of the non-professionals, which campaigns It found its way into the media and involved a great deal of inaccuracies and misunderstandings, and may entail negative effects on the stability of the market and investor expectations, which could be extended to damage to the financial and banking transactions at home and abroad.
He added that "the meeting took a series of recommendations, including work to enact clear legislation that unambiguously to protect the decision-makers and those with the powers of the employees of the Central Bank of the charges and conjectures that are harmful to their reputation and the reputation of their institution ancient and issued by some parties, either because of ignorance, or political self-interest motives ,. and give them legal immunity enjoyed by their counterparts in the world's central banks. "
"The recommendations approved the continuation of the central bank in its direction and working mechanisms to ensure exchange rate stability, and to prevent speculation, and the removal of the big differences from the official price, and the adoption of full transparency in sales by selling the currency window", adding that "Among other recommendations adoption The study submitted by the governor, as a general framework for the work of the Central Bank and the options available to him, and distributed to professionals and the media in order to shed light on the facts, and dispel the image blur on the work of the Central Bank mechanisms. "