Al-Darraji demands the central bank to adopt a real rate of the Iraqi dinar

MP Muhammad Sahib Al-Darraji called on the Central Bank to adopt the real price of the Iraqi dinar, away from the prices offered in the currency auction.

Al-Darraji said in a tweet on his Twitter page, Tuesday, "The central bank must adopt a real price for the dinar, away from breaches of the window of selling the notorious currency."

He also called for "disclosing bills and documentary credits provided by banks in exchange for transferring hard currency abroad and checking its credibility."

Al-Darraji stressed that the bank’s failure to do so is that it “is considered an accomplice in the crime and we will have to resort to legal methods to remedy this defect.”

The window of selling the currency in the central bank faces many criticisms, while leaks stated that a number of banks acquire the amounts that are being traded in the currency auction for the purpose of increasing their profits.

The post Al-Darraji demands the central bank to adopt a real rate for the Iraqi dinar appeared first on the independent press agency.

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