Member: financial representative intends to host the Central Bank Governor to discuss failures in the dinar exchange rate

[TotalNewb]

Member: financial representative intends to host the Central Bank Governor to discuss failures in the dinar exchange rate

08-04-2013 05:09 AM

Baghdad (newsletter). Member of the Finance Committee disclosed the Attorney//Secretary Hadi Abbas, the intention of the Committee to host the temporary Central Bank staff for their discussion on financial and monetary matters in the country and how to improve them.

He said Abbas (News Agency): the next few days will be hosting the Central Bank Governor and some of his aides in the House and the Finance Committee for discussion about akhavakat dinar exchange rate against the dollar, and how to develop the financial and banking sector in the country.

He added: there are many complaints about the sale and purchase of foreign exchange in the Central Bank auction, which caused low exchange rate of the Iraqi dinar against the dollar in the past period, he will be discussing all things to identify the most important challenges and come up with radical solutions.

The Iraqi market has experienced considerable unrest in recent weeks in the price of the US dollar against the Iraqi dinar as the sale price of one dollar to 1280./finished/8 l. Eng.

http://www.ikhnews.c...rticle&id=80652

[Tirebiter]

Thanks for the article.  While I expect this is more about stabilization than any kind of RV nice to know they are at least attempting something!

[gregp]

It sounds like they are fixing to flip the switch! Thanks for the post!

[10 YEARS LATER]

This has to be smoke & mirrors - " discussion on financial and monetary matters in the country and how to improve them".           Not even these folks could possibly be that dim.

 

. . . " discussing all things to identify the most important challenges and come up with radical solutions ".

Not being awkward,really: They're not shrugging shoulders and saying that they just might be a bit confused by this sudden turn of events?

 

Gotta be one of those articles to throw hounds off the scent.

Just asking . . .
 

 

 

[sandfly]

HO KNOWS