The central bank seeks to control the sale of the dollar and rely on another beneficiary got it

Author: AR, ASJ, AT
Editor: AR, the AT

18.01.2017 09:39


Long-Presse / Baghdad
A source at the Central Bank of Iraq, on Wednesday, that the bank will depend on the other beneficiaries in the process of selling the dollar, unlike in the present time, as explained that the instructions issued regarding currency aim sale "to control the sale of the dollar window and find out the source of exchange," he noted The new regulations require private banks to provide documentation showing where its sales of dollars and names Almtslim.

The source said, in an interview with (long-Presse), that "the instructions issued by the Central Bank regarding the sale of the currency objective window to control the sale of the dollar as well as knowledge of the source of the dollar," stressing that "it is for that relied on documents provided by private banks which show sales dollar and Almtslim. "

The source explained that "previously relied window sell the currency on the bills dealers offered to banks, who in turn submit them to the Central Bank of Iromon be obtained on the dollar, which, according to the Central Bank of the mostly not true," adding that "the bank wants the banks to prove who is the Last beneficiary received on the dollar until the central bank can contact him at random and making sure picking on the currency. "

Revealed Association of private banks, on Tuesday, the (17 January 2017), by the Central Bank of Iraq to issue new instructions to regulate the sale of dollar operation to cover the imports of the private sector, while confirming that the directive was intended to maintain the dinar's exchange rate against the dollar and the fight against money laundering and the province for foreign currency.

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