CBI responds: Our “Dropping of the Zero’s” policy is successful and Anbuge personal criticism doesn’t represent the opinion of the government

29.01.2012 | Baghdad described the Central Bank of Iraq, Sunday, his policy of raising the value of the Iraqi dinar against the dollar to “successful”, saying that the criticisms made ​​by the Adviser to the Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge personal and do not represent the opinion of the government.

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The deputy governor of the Bank Mazhar Mohammad Saleh in an interview for “Alsumaria News”, “The Central Bank maintained the value of Iraqi dinar and stability in the difficult conditions that prevailed in the country,” noting that “the Iraqi government and international organizations confirmed that the policy Bank raised the value of the dinar against the dollar successful. “

Saleh added that “the Director of the IMF France Christine Lagarde praised the other successes of the Central Bank of Iraq during a meeting with Prime Minister Nuri al-Maliki in Washington,” adding that “the Bank has a lot of problems, he was able to achieve some goals. ” Prime Minister Nuri al-Maliki visited, in the 12 of December last in 2011, Washington, at the head of a delegation that included a number of ministers and advisers in the government, where he met President Barack Obama and a number of American officials.

Salih stressed that “the purchasing power of Iraq at this time a stable and good, compared to previously when it was the Iraqi citizen carries money is worthless, “pointing out that” the criticisms made ​​by the Adviser to the Prime Minister for Economic Affairs Abdullah Al-Hussein Anbuge the bank does not represent the opinion of the government. “

He was an adviser to Prime Minister for the economic Abdul Hussein Al-Anbuge criticized, on Saturday (January 28 now), the policy of the Iraqi Central Bank to lift the Iraqi dinar against the U.S. dollar, while noting that the bank had not coordinated with the economic system in addressing the situation, saying that such policy violates the productive base in Iraq . and had previously objected Anbuge the policy of the Iraqi Central Bank aimed at deleting three zeros from the Iraqi dinar and the currency exchange, noting that this would cause great mischief.

The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh in the 19th of this January, for having raised Iraqi dinar against the dollar during the sessions for the sale and purchase of foreign currency at the rate of four dinars, indicating that the rate of the dinar nominal is not commensurate with the purchasing power to him or the real price of the exchange rate of the dinar against the dollar. (Note: The recent increase equated to .34%)

It is noteworthy that the CBI is being daily sessions for the sale and purchase of foreign currencies with the exception of public holidays on which depends the Bank for these auctions, and is the Central Bank of Iraq under the law issued on the sixth of March of 2004, which refers to him as an independent body which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and management of foreign reserves and the issuance of currency management, as well as to regulate the banking sector to promote the financial system competitive and independent.

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