FROM THE C.B.I NO MORE AUCTIONS !!! SECOND POST IN THE LAST 48 HRS HMMMMMM!!!!!

by Just Da Truth Thu Apr 26, 2012 7:18 am

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In the coming days CBI gives up an auction sale of hard currency for the benefit of a government bank


	Baghdad / justice - 26/04/2012 - Central Bank of Iraq, Wednesday, that he would give up an auction sale of hard currency in the coming days for the benefit of a government banks, While confirmed the arrival of foreign exchange reserves to $ 63 billion, pointed out that the daily sales of more than fifty times the need for Iraq. The deputy governor of the Bank Mazhar Mohammad Saleh in an interview for "Alsumaria News", "Central Bank of Iraq would work during the coming period, in agreement with the Ministry of Finance and other government agencies to transform the auction sale of hard currency to one of the state banks sink Mesopotamia or good or banks in other business," asserting that "the central bank would be prepared to provide the bank will take it upon himself to conduct the auction, including the daily needs of hard currency." Salih stressed that "the central bank's reserves of hard currency rose to $ 63 billion after it was up to $ 60 billion the end of 2011, which is capable of maintaining the stability of the Iraqi dinar," noting that "the auction the central bank has financed the trade of neighboring countries, The injection is infinite and not have to finance domestic trade, as the sales of Central Bank of Iraq Iraq need a day over fifty times. " Saleh pointed out that "the auction sale of the currency is one of the particles does not fall within the jurisdiction of the Central Bank of Iraq," stressing that "the Bank's policy to maintain focus on the exchange rate and the fight against money laundering and not to finance the trade of other nations". And increased exchange rate of the dollar against the Iraqi dinar in the local markets to 1300 dinars per dollar, after it was last week's 1250 dinars per dollar, and 1180 dinars per dollar over the past year 2011. The Central Bank of Iraq, the sixth of January, a rise in foreign currency reserves to $ 60 billion, for the first time in the history of Iraq, after recording the beginning of September of the year 2011, up precautions amounted to $ 58 billion after the $ 50 billion in the end year 2010. The central bank held the Iraqi daily sessions for buying and selling foreign currencies with Iraqi banks, except for public holidays on which depends the World Bank for these auctions, and the sales either in cash, or in the form of money orders sold out for a commission of certain of the other hand. http://translate.google.com/translate?hl=en&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2583%2B%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2%25D9%258A%2B%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%25D9%258A%2B%25D8%25AD%25D8%25B0%25D9%2581%2B%25D8%25A7%25D9%2584%25D8%25A3%25D8%25B5%25D9%2581%25D8%25A7%25D8%25B1%2B3%2B2011/08/07%26start%3D10%26hl%3Den%26sa%3DN%26rls%3Dcom.microsoft:en-us:IE-Address%26rlz%3D1I7RNSN_en%26biw%3D1280%26bih%3D654%26prmd%3Divns&rurl=translate.google.com&sl=ar&u=http://www.aladalanews.net/index.php%3Fshow%3Dnews%26action%3Darticle%26id%3D83138
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by Guest Thu Apr 26, 2012 8:19 am

Hummm indeed.

by Just Da Truth Thu Apr 26, 2012 9:15 am

FROM THE C.B.I NO MORE AUCTIONS !!! SECOND POST IN THE LAST 48 HRS HMMMMMM!!!!! 060457MUDHHEU

Iraqi Central Bank has started restructuring the public auction and the development of financial dealings and improve the performance of its employees are compatible with the future challenges to the process of selling the currency.

The deputy governor of the Bank Mazhar Mohammad Saleh said that "the central bank did not decide to never cancel the auction sale or transfer of hard currency to another bank of banks that are supervised by."

He explained that "some businessmen are trying to broadcast rumors to raise the price of the dollar against the Iraqi dinar, which affects the economic security of the country."

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by Guest Thu Apr 26, 2012 9:20 am

Thanks for that update!

FROM THE C.B.I NO MORE AUCTIONS !!! SECOND POST IN THE LAST 48 HRS HMMMMMM!!!!!

FROM THE C.B.I NO MORE AUCTIONS !!! SECOND POST IN THE LAST 48 HRS HMMMMMM!!!!!

Re: FROM THE C.B.I NO MORE AUCTIONS !!! SECOND POST IN THE LAST 48 HRS HMMMMMM!!!!!

NOW THIS WAS JUSTED POSTED FROM THE CBI !!!!!!

Re: FROM THE C.B.I NO MORE AUCTIONS !!! SECOND POST IN THE LAST 48 HRS HMMMMMM!!!!!