Najib: Launch trillion dinars a positive step to reduce the volatility of the dinar By Mustafa Curran

by **Ponee** Sat May 23, 2015 9:42 am

\

Najib: Launch trillion dinars a positive step to reduce the volatility of the dinar By Mustafa Curran 558158255

Kurdish MP Najiba Najib

Roudao - Baghdad described member of the economic and investment commission in Parliament, Najiba Najib, Saturday, the central bank's decision to launch an amount trillion dinars for private banks and increasing dollar sales share of the banking companies as a positive step to reduce the volatility in the Iraqi currency exchange rates.

The Iraqi Central Bank announced measures needed to support liquidity in the banking system, and decided to facilitate the sale of foreign currency procedures to sustain the exchange rate. She said Najib network Roudao media that "the central bank's decision to release funds is a positive step to reduce the phenomenon of the oscillation in the Iraqi dinar exchange rates, in addition to the support of local production and enhance the dinar against dollar. " Espana "This step is a movement in the Iraqi market through loans given to small and medium enterprises in the country." The central bank announced recently, that the financial reserves of Iraq equivalent and a half times the weakness of the currency bloc, confirmed that Iraqi financial institutions are not able to disability coverage financial, stressing the need to re-examine the structure of the budget and spending and diversification of income sources and achieve investment more broadly to address the decline in oil prices.

SOURCE