Finance Committee: Calls on CBI to take 3 steps to maintain exchange rate; Steps will make exchange rate less volatile to buying/selling in auction

Posted: July 2, 2013 in Iraqi Dinar/Politics
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FINANCE FOR PARLIAMENTARY “AWAN”: THE 3 STEPS TO MAINTAIN THE EXCHANGE RATE OF THE IRAQI DINAR .. IN THE FOREFRONT OF BLOCKING MEDIATORS

Called on the Finance Committee in the House of Representatives of the Central Bank to take 3 important steps to maintain Iraqi Srvaldanar rate against the U.S. dollar, stressing the need to block the work of intermediaries between buyers and selling auction.

A member of the Finance Committee, Abdul Hussein al-Yasiri told the “Awan” that “the central bank work very hard during the last period in order to reduce the price of the dollar against the Iraqi dinar has achieved good results,” adding that “these measures are still below the level of ambition and there must be continue the efforts in order to proceed to raise the price of the dinar to the fullest, especially that Iraq is on the verge of good economic stage after coming out of the provisions of Chapter VII. “

He suggested Yasiri, MP for the coalition of state law, that “adopt management Central Bank 3 steps to preserve the Iraqi market and support the price of the dinar,” noting that “there must be organizing more and structural work of an auction sale of the dollar and an end to all kinds of random devilishly.”

He went on to “the need for there to be lifted to buy hard currency restrictions because we are moving to a market economy.”

He Yasiri saying that “the most important step will be to prevent the work of mediators between the auction sale and the buyer,” returned “the work of mediators breach of the law, those put extra money on the price of the dollar leads to rise significantly, which happened two months ago when he saw the Iraqi dinar declined unusual front hard currency. ”

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