The Central Bank restricts the purchase of hard currency to import leave and bank account and tax accounting

[alan_coaks_3]

5 - 6 - 2012

The parliamentary Finance Committee confirmed that the Central Bank put restrictions on the sale of hard currency and require that the buyer has to dollar bank account and leave the import and trade lists in addition to the tax accounting. She is a member of the Committee and MP for the Liberal block for/JD Majida Al-Tamimi said "a meeting today of the Finance Committee with the Governor of the Central Bank and some representatives from the World Bank at the causes of the high rate of the dollar against the Iraqi dinar". Tamimi said "that the Central Bank under tight controls on the sale of hard currency in the Iraqi banks is that have submitted on purchase quantity of dollars leave import and bank account as trade lists and subject to tax account", stating "because of limitations on dollar buyers to control currency exchange rate of the Iraqi dinar in the market." Tamimi blamed the Central Bank for such asylum restrictions due to the instability of the dollar against the dinar, which had a negative impact on the work of the Bank. According to the parliamentary Finance Committee member and MP for the Liberal block "that the Central Bank put these restrictions to reduce width for the dollar,"

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[zigmeister]

hmmmm......Alan this is an interesting article. It appears the meeting along with the Gov, the finance committee, there was a world bank rep. Now that is intriguing imo. However I am not sure but reads like the heat was on CBI as putting too many restrictions on the auctions? It is a bit confusing. Any thoughts?

[alan_coaks_3]

oh yeah

[uncirculd]

hmmmm......Alan this is an interesting article. It appears the meeting along with the Gov, the finance committee, there was a world bank rep. Now that is intriguing imo. However I am not sure but reads like the heat was on CBI as putting too many restrictions on the auctions? It is a bit confusing. Any thoughts?

Zig, Didn't Shabibi put those restrictions on the dollar because Iran & Syria was depleting his reserves because of their sanctions? And the counterfeiting Iran was doing was also killing the economy.