Press statements cause lifting of the Iraqi Central Bank sales figures double within hours

[Jrod007]

* Press statements cause lifting of the Iraqi Central Bank sales figures double within hours

April 29, 2011 06:09 pm · Posted in NEWS (Iraq & World Currency) · Comments Off

“Portal Iraq,” said adviser to the CBI the appearance of Mohammed Saleh high level of sales of foreign currency auction market of the Central Bank to 58 million dollars the day after he had dropped from $ 150 million

Per day to 18 million in the past two days, stressing that the reason for this rapid rise was on the back of the meeting conducted by the news agency, Baghdad International, which denied the benefit of the stop bank transfers pending the issuance of new instructions and announced the readiness of the bank selling foreign currency and in the quantities desired by customers market.

He said the benefit for in a press statement that the foreign exchange market witnessed a rapid rise after the publication of news which reassured the market, which recently suffered an upheaval because of fears that the sale of foreign currency by the central bank as a result of speculation that some of the issuance of new instructions are not unfounded, pointing to the role of the media which have contributed to this situation change market indicators, declaring that the policy and objectives of the central bank and do not support a clear policy of a sudden the citizens as well as support for the policy of market economy, leading to economic prosperity and wheel support development of the country.

Saleh added that the independence of the Central Bank does not prevent him from coordination with fiscal policy, stressing the need to coordinate central bank with other policies Calceasp finance, inter alia, the tax, noting that the absence of such cooperation between the policies will lead to the isolation which he warned of the danger, pointing out that all government policies aimed at to get to the higher interest of the country.

Salih stressed the importance of the news published in the news agency, Baghdad International, and the Baghdad news releases by saying that this news has had a important role in reassuring the market effects have reflected positively on the dealings of the market after he was born with the psychological and commercial market in Iraq, ahead thanks to the media establishment.

The news agency, Baghdad International, and the Baghdad newsletter has been published earlier for the meeting a press interview with the adviser to the CBI the appearance of Mohammed Saleh emphasized the low proportion of sales market auction of foreign currency in Iraq of $ 150 million per day to $ 18 million per day after the claim submission tax account number for companies that process a transfer of funds for the disclosure of taxation, has declared his belief that the process to refrain from buying in the market at the time was due to fear of the tax.

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