CBI issued a number of decisions for the development of national Alavtsad

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CBI issued a number of decisions for the development of national Alavtsad

Published on Tuesday, 11 January 1 / December 2012 11:35 | Written by: sa-fa | | | Views: 32

Baghdad/ Obelisk: Bank took place on Tuesday, a number of decisions in an effort to develop its performance in monetary policy and support the national economy in order to ensure the stability of the Iraqi market.

The bank said in a statement received "obelisk" a copy of it, he "took a number of decisions in the framework of the keenness and the pursuit of the Central Bank of Iraq in the development of his tools in the monetary policy and support the national economy the stability of the market."

The statement pointed out that "the bank had decided to encourage Iraqi banks (Baghdad, credit and Mansour) in the first phase and include later all banks licensed to open letters of credit and funded by the Central Bank of Iraq according to a mechanism designed for this purpose, in addition to the continuation of these banks in the entry window sale of foreign currency (currency auction ). "

The statement added that "the Bank has decided to increase the share auction weekly and granted to exchange companies and money transfer by 100 thousand dollars to exchange companies who increased their capital and the requirements of the Iraqi Central Bank actually to 500 million dinars dinars, while not increasing the quota to 150 thousand dollars for the money transfer companies who increased their capital before the date required by the Central Bank of Iraq actually to fifteen billion dinars. "

The statement pointed out that "the bank also decided to increase the quota to 125 thousand dollars for money transfer companies who increased their capital by the requirements of the Central Bank of Iraq to ten billion dinars."

The statement noted that "the Board of Directors authorized the Iraqi Central Bank Governor the power to reduce the sale price of the dollar and of 1179 dinars to the dollar to enhance the value of the Iraqi dinar based on market demands."

The CBI said, on the eighth of December, the current, on the application of the plans to control the stability of the Iraqi currency in local markets and the amount of hard currency in circulation.

The central bank held the Iraqi weekly auction of five meetings from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar.

The Commission on Public Integrity issued a decision to arrest Iraqi Central Bank Governor Sinan al-Shabibi, on charges of exercise corruption in daily currency auction, with another arrest warrant was issued against the deputy governor of the Bank the appearance of Mohammed Saleh after accusing him of participating in operations administrative and financial corruption in the same file.

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