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Parliamentary Finance for "Light": a strong dollar is the result of the Iraqi Central Bank to reduce pumping in the currency market

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Parliamentary Finance for "Light": a strong dollar is the result of the Iraqi Central Bank to reduce pumping in the currency market Empty Parliamentary Finance for "Light": a strong dollar is the result of the Iraqi Central Bank to reduce pumping in the currency market

Post by Ponee Fri Oct 28, 2016 10:49 am

Parliamentary Finance for "Light": a strong dollar is the result of the Iraqi Central Bank to reduce pumping in the currency market %D8%AF%D9%88%D9%84%D8%A7%D8%B1-1




confirmed member of the Finance Committee MP pros Hamadoun, said on Sunday that the high price of the dollar on the black market was due to the reduction of the Iraqi Central Bank to pump hard currency in the market as a result of lack of control of the Bank on the banking offices in Baghdad and the provinces.

According to the MP in an exclusive statement to "light News" that "banking offices and companies Authorization also controls the high dollar in the market as a result of competition among foreign exchange traders amid the absence of government control."

He added that "the Iraqi Central Bank to reduce the dollar's supply in the market during this period on an exceptional basis due to lower oil prices and a decline in the value of financial reserves, which reached $ 50 billion."


10.23.2016



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