The central bank is required of private banks at the exchange rate of the dinar is specified
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Author: Editor: br reporter: arNumber of readings: 293
08/23/2014 09:08
Tomorrow's Press / Baghdad: Iraqi Central Bank committed private banks and private pledge, regardless of the Iraqi dinar by price due from the central bank.
The statement said the central bank had seen "tomorrow Press", "The central bank is required of all private banks at the exchange rate of the dinar selected by him."
He added that "the banks to adhere to this pledge uncles to ensure market stability and liquidity in the money markets."
The central bank sets the exchange rate of the Iraqi dinar by 1116 danara US dollar each.
The central policy depends balance by pumping local market need to foreign currency and not to allow a monopoly, but it imposes on buyers to provide a definition Ballet use this money purchased from its daily auction for the sale of foreign currencies.