Abadi adviser suggests the development bank to finance private-sector trade and calls for the central bank to study

by **Ponee** Wed Nov 16, 2016 11:59 am

Financial advisor to the Prime Minister suggested that the appearance of Mohammed Saleh, on Wednesday, the development of a commercial bank to finance private sector trade by opening letters of credit, rather than transfers, while calling the central bank to study the proposal, stressed that the Iraqi dinar exchange rate in the parallel market rate exceeds the central bank's ten price points.

He said the appearance of Mohammed Saleh said in an interview to the (long-Presse), said that "the Iraqi dinar exchange rate in the parallel market rate exceeds the central bank's rate ten points and the overall level of prices in Iraq remains stable, despite the presence of two prices for the disbursement of the dollar," noting that "the difference is not reflected strongly the general price level basis, inflation is still a level of two percent, the lowest in the history of Iraq. "

He attributed the favor, reasons that "Iraq imports from dollar areas of the world as East Asia, which suffered from depression in the goods", suggesting "the development of a commercial bank to finance private sector trade contribute to the civil and government banks to finance trade by opening letters of credit, rather than transfers."

Financial advisor Ebadi pointed out that "everyone will benefit from this bank and we will get rid of the speculators and speculation, accusations and controversy that never ends," calling on the central bank to "study this proposal

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