Economics Committee: orientation private banks to sell the dollar at a rate less than the central bank will support the stability of the dinar exchange rate

I would say they are selling it at MORE than the advertised price.... they are still showing 1166/1164 buy sel at CBI, perhaps they have a different rate in country?

OK found this article ... still seems like more, but perhaps it's one of those translation things ...

Directed to sell the dollar by 1183 in all the private banks

on 23.06.2013 | Author David Muhannad | readings |
Directed to sell the dollar by 1183 in all the private banks

Integrity electronic - Baghdad confirmed the Association of Iraqi banks seeking continuing to reduce the exchange rates of the dollar against the dinar, through the mechanisms of joint cooperation with the Central Bank of Iraq, which organizes daily meetings between representatives of the private banks and specialists in the central bank. said President of the Association of Iraqi banks Adnan Chalabi: that the initiative of the Association of private banks at the invitation of private banks to reduce the dollar exchange rate contributed to the decline gradually exchange rates, although relatively, pointing out that the mechanics work painted with by the Central Bank and the Association tends to reach the exchange rate of the dollar against the Iraqi dinar to normal rates. adding that the three banks have responded to the call Association and started since last week to sell the dollar to citizens at 1183 instead of 1189, pointing out that the banks of Assyria, Baghdad, and Huda responded to the calls of the Association, which launched in collaboration with the Central Bank of Iraq. , and pointed out that the 25 banks waged an extra start this week to sell the dollar new price (1183) Thus, the number of private banks, which reduced the dollar exchange rate (28) banks, adding this figure to rise even further to include all local banks and branches of banks operating in the country

Different translator, it's now looking more like a translation thing ... First Ponee's

The economy: the private banks to sell the dollar at a lower rate than the Central Bank would support the stability of the dinar exchange rate
20-06-2013 03:36 PM

Baghdad (newsletter). Commended the Committee for economy and investment representative step some private banks to sell foreign currency at a lower price than the advertised price by the Central Bank, which will contribute to the stability of the exchange rate of the Iraqi dinar against the US dollar.

The Rapporteur of the Committee, said MP/Kurdish/Actel Coalition mehma Khalil (News Agency): civil and State banks have a link with the Central Bank in the sale and purchase of foreign currency in order to convey to citizens, whether inside or outside Iraq.

He added: the dollar at the Central Bank of Iraq and installed in the federal budget (1166), sold to local banks to price (1179) to (13) of every dollar Commission, and in turn sold to banks and venture capitalists at the price (1189).

And: to go by some banks to sell the dollar capacity less than the advertised price is a positive step towards the support and stability of the dinar exchange rate fluctuated sharply in price during the current period.

The three banks declared eligible to sell the dollar at a lower price than announced by the Central Bank to support the Iraqi dinar exchange rate/finished/8. j. n/

Second article ...
Alalam-Baghdad

Iraqi banks Association confirmed its continuing to lower the exchange rate of the dollar against the dinar, through joint mechanisms for cooperation with the Central Bank of Iraq, where daily meetings between representatives of private banks and the Central Bank.

He said Iraqi banks Association Chairman Adnan Chalabi: the initiative of the Association of private banks by private banks to reduce the dollar contributed to the gradual decline in rates of Exchange and that was relatively, pointing out that the mechanisms set by the Central Bank and with the Association heading to access the exchange rate of the dollar against the Iraqi dinar to normal levels.

The three banks have responded to the invitation and started since last week by selling dollars to citizens at 1183 instead of 1189, pointing out that banks of Assyria and Baghdad Huda responded to calls launched by the Association in cooperation with the Central Bank of Iraq.

He noted that 25 banks this week will begin further empowered to sell the dollar new price (1183) and that the number of private banks that lowered the dollar (28) banks, adding this figure to rise even further to include all local banks and branches of banks operating in the country.