Central bank: remove malicious Khqd dollar against the dinar

38 minutes ago

Twilight News CBI said / he own currency auction sale procedures led to a decline in the dollar 's exchange rate against the dinar.

According to a statement of the bank it responded to the Twilight News, that the implementation of the new system applied to a window of foreign currency sale in this bank led to a marked decline in the exchange rate of the dollar against the Iraqi dinar, where the new system removed the middlemen and hackers by changing requirements and actions toward simplification and transparency in the sale of window operations foreign currency, as the new system of window competition between banks believe on the basis of the extent of compliance with the rules to combat money laundering and terrorist financing.

He stressed that the success of the new system and cooperation with the Iraqi banks are encouraged to take additional measures that the legitimate demand for the dollar up to the target price by applying programs and new standards and rules to achieve a clear and transparent cover those operations.

He noted that the control of the exchange rates in light of the challenges of economic, financial and security situations are recorded monetary policy success in absorbing large shocks to Iraq, will have to improve oil prices and the elimination of al Daesh terrorist significant impact in supporting the country 's financial situation, and thus relieve the pressure on monetary policy and to allow for it to achieve greater monetary stability to the country.