Member of Economic Committee: the CBI was able to improve the value of the dinar and reducing money laundering

Posted: August 17, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-05-17 at 9.58.05 AM17-08-2013 12:40 PM
Baghdad (newsletter). Member of the Committee praised the economy and investment/MP Abdul Al-Abbas sheyaa, the actions taken by the new management of the Central Bank regarding the improvement of the dinar exchange rate and money laundering, saying it restored the prestige of the Bank, which lost in the recent period.

Said sheyaa (News Agency): the current management of the Central Bank was able to improve the value of the Iraqi dinar price wasabbh now (1210), this price is acceptable, having witnessed a significant decline against the u.s. dollar during the past months through actions taken and applied in stages.

He continued: it also contributed to reducing the phenomenon of money laundering which increased during that period after the issuance of guidelines and instructions, which have dominated the financial transfers and sales of the dollar.

He noted: the new Administration also restored the prestige of the Central Bank and private banks and money transfer companies to fear, having lost prestige in recent times especially when you increase smuggling and money laundering, the current Central Bank Administration to exert maximum effort to continue its work in support of the stability of the national currency

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