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Showing results for tags 'IQD to be Pegged to USD'.
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Looks like the speculation from Kaperoni and Ennorset was wrong. They had come to the conclusion that the IQD was going to be a float but according to todays statement from the Governor of the CBI to parliament the IQD will be pegged to the USD. Note: A "Set dollar exchange rate" is a hard peg to the USD. The Presidency of the Council of Representatives meets Governor of the Central Bank and the Agency Sunday 12 May 2013 Met with the Presidency of the Council of Representatives, headed by Mr. Osama Abdel Aziz al-Najafi, head of the Council and in the presence of Dr. Qusay al-Suhail, First Deputy Chairman of the House of Representatives and Mr. Aref Tayfur, Vice President of the Council on Sunday 05/12/2013 Mr. Abdul Basit Turki, head of the Office of Financial Supervision and the Governor of the Central Bank of Iraq and the agency. And the Presidency of the Council expressed during the meeting its full support for the central bank to scrutinize the work of private banks and archiving of information within the bank and reform measures that include a set dollar exchange rate and the reduction of the phenomenon of money laundering and strengthen the capacity of the central bank in economic development. The meeting dealt with the role of the House of Representatives in issuing decisions in order to protect Iraq's money for the next year and address the issue of debt and push focus of the international effort to protect Iraqi funds abroad. The information department Iraqi Council of Representatives 05/12/2013 http://translate.google.com/translate?hl=en&ie=UTF8&rurl=translate.google.com&sl=ar&tl=en&u=http://www.parliament.iq/ __________________
