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orientation private banks to sell the dollar at a rate less than the central bank will support the stability of the dinar


yota691
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20-06-2013 03:36 PM

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Baghdad (news) .. Praised the committee of economy and investment parliamentary by-step some private banks to sell foreign currency at a lower price from price announced by the central bank, which will contribute to the stability of the Iraqi dinar exchange rate against the U.S. dollar. said decision of the Committee MP / coalition Aktl Kurdish / Mahma Khalil (of the Agency news): The private banks and government have a link with the Central Bank on the subject of buying and selling foreign currency in order to taking him to the citizen, whether inside or outside Iraq. added: that the price of the dollar at the Central Bank of Iraq and the installer in the federal budget (1166) dinars, and sold to local banks at (1179) to be (13) dinars per dollar commission, and the banks in turn sells to the citizen and the owners of capital at a price (1189) dinars. between: the trend that has done some private banks to sell the dollar less than Advertised price is a positive step towards supporting and price stability dinar which is witnessing a sharp fluctuation its price during the current period. This has three banks announced a civil sell the dollar at a lower price than announced by the central bank, so as to support the exchange rate of the Iraqi dinar. / End / 8. j. n /

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Economics Committee: orientation private banks to sell the dollar at a rate less than the central bank will support the stability of the dinar exchange rate

 

20-06-2013 | (Voice of Iraq) - comment.PNG Add a comment -  Baghdad (news) 

Committee praised the economy and investment parliamentary by-step some private banks to sell foreign currency at a lower price than the price announced by the central bank, which will contribute to the stability of the exchange rate of the Iraqi dinar against the U.S. dollar. 

He said the Commission's decision to MP for the coalition Aktl of Kurdistan Mahma Khalil (of the Agency news): The private banks and government have a link with the Central Bank on the subject of buying and selling hard currency with a view to taking him to the citizen, whether inside or outside Iraq. 

He added: that the price of the dollar at the Central Bank of Iraq and the installer in the federal budget (1166) dinars, and sold to local banks at a price (1179) to be (13) dinars per dollar commission, and the banks in turn sells to the citizen and the owners of capital at a price (1189) dinars . 

Between: the orientation done by some banks to sell the dollar civil less than Advertised price is a positive step towards the support and stability of the exchange rate of the dinar, which is witnessing a sharp fluctuation its price during the current period. 

This has three banks announced a civil sell the dollar at a lower price than announced by the central bank, so as to support the exchange rate of the Iraqi dinar.

Read more: http://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.sotaliraq.com/mobile-news.php%3Fid%3D105278&usg=ALkJrhhppt2zKpLLBquovJpmFpid9tIDrw#ixzz2WlZl8m86

 

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Excuse my ignorance on this but, wouldn't mandating ALL banks to sell at SAME price as cbi accomplish the same goal?

I have to agree, I am a bit perplexed why they don't mandate this.  Unless they want people to come to these three banks because they do have a better deal, and while they have the people there, set them up with accounts.  There has to be some kind of motivation for them not to mandate all banks.

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