Central Bank Governor: no room to cancel the sale of the dollar window, if canceled ,
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  1. #1

    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled ,



    Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more




    Views 63 Date 07/12/2016 - 09:57

    Economy News / special

    Ghassan judge

    Iraqi Central Bank Governor said the dollar selling off relations through a window selling currencies in the Bank would lead to the collapse of the Iraqi dinar financial situation in Iraq generally, stressing that the Central Bank is obliged to do the job, and if you refrain from fulfilling this role for Iraq's financial situation collapsed.

    He said the relationship in dialogue interview deputed economy "News Agency on the sidelines of the annual Conference of the Arabic Bank Union held recently in Beirut loaghlkna aldolarlasabh sale aldolarmabin price change window 3 and 4 thousand dinars, and maybe more.

    The mayor said it will force to in case of cancellation the currency window printing trillions of aldnaneralarakih annually to cover local demand for the dinar, which eventually will lead to Iraqi anhiaralamlh due to inflation, known as cash-over-nodded.

    And about the prospects for Iraqi dinar to float, like other countries in the region, this relationship does not arise in the present, and we are working on is not currency float, and the big difference between the two.

    He denied the relationship having its auction at the Central Bank, but foreign currency sale window confirming that the intermediary between the Finance Ministry and Central among the public.

    Turning to Lebanon and Jordan experience, in maintaining the stability of their currencies, adding that the situation in Iraq is different.

    He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar.

    The Governor stressed the Central Bank sought to resettle staff salaries in private banks, assuring a guide to localize all Iraqi civil servants next year 2017 at banks.

    Central Bank Governor welcomed any bid deputies, stressing the importance of meeting with Parliament, judging from the fact that monetary policy cannot be specialized issue addressed from afar, or during the skirmishes and inaccurate analysis.

    This will nsharns dialogue with conservative in the census the following Iraqi banks magazine issued by the Iraqi private banks Association

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    Last edited by MadDScout; 12-07-2016 at 12:16 PM.



  2. #2
    Moderator Loopback's Avatar
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    Re: Central Bank Governor: no room to cancel the sale of the dollar window, if cancel

    Great find MadDScout.

  3. #3

    Re: Central Bank Governor: no room to cancel the sale of the dollar window, if cancel

    Thank you Loop! (y)

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