Governor of the Central Bank proposes to abolish the bank auction to sell the dollar and suspended customs duties

Governor of the Central Bank proposes to abolish the bank auction to sell the dollar and suspended customs duties

Governor of the Central Bank of Iraq and the Agency on the Keywords proposed eliminating private bank auction sale of foreign currencies including the US dollar to save the exchange rate against the Iraqi dinar.

According to a parliamentary source familiar, he told all of Iraq [where], that "Keywords explained through hosted today in the parliamentary finance committee, that he has solutions studied with specialists in order to ward off any risk and prevent the increase of the dollar exchange rate, which the central bank output from the sale of the dollar, and edit price without any limitation and sell it to anyone who wants to buy it, because there is a reserve in the bank responds to any request with the restriction of sales instructions and controls but this is what the Bank can not be done. "

"As Keywords suggested stop customs duties, as the majority of cases of corruption in border crossing points, and corruption among officials at border crossing points. "

the source quoted Keywords emphasis on "the need to activate controls on money laundering operations because there is an economic crime committed and should be monitored."

He attributed the Governor of the Central Bank crisis high dollar exchange rates, "the existence of banks to buy bills forged for the withdrawal of currency ",  pointing out that" Jordan and Dubai adopted to control about Iraqi remittances as Dubai refused entry to the next remittances from Iraq that b [dollar] and proceeded to turn it into the UAE dirham to allow entry , "referring to the" lack of cooperation by Turkey in this aspect. "

He said Keywords that "the five banks by indicators such transfers, and up profit per day to around 22 million dollars."

The governor of the Iraqi Central Bank and the Agency on the Keywords commented yesterday on the financial budget for the 2015 law on determining auction sales Bank for $ 75 million. "We We sell in the daily bank auction amount of dollar exceed the amount of the $ 75 million set in the budget law because we have an objection to Thdbd amount of sales cash Valssayash essence is the use of these goals, and if they restricted in advance they are robbed of the flexibility of the bank, "adding that" there are no our intention to change the exchange rate in the auction, ".anthy

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