requiring banks to specific controls to sell hard currency to prevent a recurrence of the smuggling abroad

[alan_coaks_3]

6 - 19 - 2012

Member of the Finance Committee Deputy/block change/shorish Mustafa Haji, requiring banks to specific controls to sell hard currency to prevent a recurrence of the smuggling operations abroad.

Said Hajji (News Agency news) on Tuesday: a recent Central Bank to open multiple ports to sell hard currency in all Iraqi banks, would help stabilize Iraqi dinar against the dollar, but with specific controls must oblige banks to prevent the occurrence of cases of smuggling of currency abroad.

Noted: when the Central Bank allowed the Iraqi banks sell foreign currency to follow certain mechanisms manifesto, how to sell, but most Iraqi banks failed to comply with legal proceedings, and perhaps still existing smuggling because of the lack of effective control by Central.

He added: we must control the formation of committees to follow up the work of Iraqi banks for selling hard currency to prevent the recurrence of cases of smuggling abroad, because it will affect the national economy and local currency.

The Central Bank allowed all Iraqi Government and private banks to sell hard currency "US dollar", due to the increase in the value of the dinar in the past weeks, constant pressure was born at central to open multiple ports to sell hard currency to return dinar US dollar natural.

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