CBI identifies $ 10 million per day for each bank his capital 250 billion dinars for the sale of currency
08/07/2012 14:06

Baghdad, July 8 (Rn) - The Central Bank of Iraq, Sunday, he decided to determine the $ 10 million a day, heads of the banks with money, which is approaching 250 billion Iraqi dinars to promote the sale of hard currency in order to ensure she went to the private sector foreign trade.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Bank identified $ 10 million in hard currency for each private bank has a capital estimated at or close to 250 billion dinars."

He explained that they "were identified $ 4 million for branches of foreign banks for the purpose of preventing money laundering and combating economic crime."

He pointed out that "the central bank tends to spend a day about $ 200 million within the precautionary measures to prevent any attempts to smuggle hard currency outside the country."

The mission of the Iraqi Central Bank is to maintain price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector, while stressing the parliamentary Finance Committee support any efforts presented by the Central Bank of Iraq and the stability of the exchange market.