Shabibi vows to Parliament to lift the value of the dinar

by **ADMIN** Mon May 07, 2012 10:42 am

Shabibi vows to Parliament to lift the value of the dinar

2012-05-07

Baghdad: JD with the Governor of the Central Bank, promised during the hosted yesterday in the parliamentary Finance Committee to raise the value of the Iraqi dinar to better than it was before slumping over solid and secure mechanisms, the Bank sold auction 190 million dollars during auction on Monday.

The Commission was the opening offers selling and buying the dollar daily twenty-ninth after 2,000 for the sale and purchase of foreign currency at the Central Bank of Iraq for Monday 7/5/2012, the total number of contributing banks in the auction 16, base price, which awarded it the sale $ JD/1166, with total amount sold by the Bank to the price the advertiser (000153190). Either the amount the buyer before the Bank announced it was zero price, and total offers purchase ($) (000153190), the Bank said that the sale price of remittances (1179) JD/dollars including a Commission of Central Bank (13) dinars per dollar. Either the cash sale price (1179) JD/dollars including a Commission of Central Bank (13) dinars per dollar. The quantity sold cash $ (12210000) $ quantity sold amount of remittances (000943177) dollars. And earns a Commission Central Bank (13) dinars per dolarma discount (8) JD/dollar amounts purchased, i.e.:-cash dollar purchase price = (selling price of dollar cash-8). And the Central Bank of Iraq to continue selling and buying of the dollar price (1166) and receive the same Commission mentioned above.

Meanwhile the parliamentary Financial Committee Member indicated Risalat Najib (JD) that its ashtdaft Central Bank Governor Sinan Al-Shabibi to discuss several files relating to the work of the Bank money laundering mechanisms and causes of the low exchange rate of the dinar against the dollar, as well as delete the three zeros and others.

And on Najib confirmed dinar that Shabibi has pledged to raise the value of the dinar once again within a short period of time and through a very strong mechanisms, its lack reasons for minimization of conservative interpretations according to external and internal factors.

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