February 6, 2012Central Bank: The rise of the dollar bubble and just have the highest reserve balance up to (60) Mllardolar
Baghdad, Description of the Central Bank of the case of high dollar as the air bubble is empty, which will be gone and can control them, pointing at the same time that the bank has the highest balance of reserves up to (60) Mllardolar. 's deputy central bank look for in a press statement today that the case of high dollar in recent obtained due to the weak local production and the withdrawal of foreign exchange through import materials and foreign goods.
He explained: that the central bank began developing specific requirements for those wishing to buy the currency, including proof of his personality a certified check as the sale to (3) million after what was (200) million. He valid: that the withdrawal of the dollar markets do not offset by the withdrawal of the national currency is born a kind of imbalance in the exchange rate of the dollar and gave the impression of height in front of the dinar.
mentioned: that the central bank has control over the liquidity of the mechanisms studied such as the withdrawal dinar from the market should return exit dollar, and this is the case of the balance sheet of the Central Bank which is one.
and began the CBI application of new measures over the sales of the dollar, which led to a significant reduction in the rates of sales at the weekly auction which is evaluated by the bank.
The decision must be increased in the recent warnings of attempts traders Iranian and Syrian purchase of hard currency by Iraqi agents because of the sanctions imposed on both Iran and Syria fall in the value of local currency in these two neighboring countries of Iraq.
showed daily bulletin issued by the Central Bank of Iraq for its daily auction sales dollar on Thursday amounted to about four million dollars only, note that the auction is turned off for the day Friday, Saturday and Cdj because of the holiday.
sources say financial and economic figures that Iraq has become the largest arena for money laundering, the Iranian and washed by pumping Iraqi dinars false and the withdrawal of the dollar. Sources confirm that the phenomenon has become more like economic disaster surprising of overlooked Although the Iraqi dinar fake invade the markets and the dollar pulls out of the Iraqi market to Iran and Syria.
(she said) and accused the banks of civil that it has become a cover for laundering the money, one of the easier the process of investment Iran, Iraq.
For his part, warned the head of the economy and investment parliamentary Ahmed Suleiman Alwani of serious impacts on the Iraqi economy by smuggling millions of dollars and quantities of gold to Syria and Iran.
said Alwani, there are destinations in Iraq trying to work to relieve the pressure on the Iranian and Syrian governments through the smuggling of money in millions of dollars, as well as the smuggling of gold to support the economy of those countries.
already told the independent press (Iba) that quoted a former deputy Taha Lahibi the end of January the past as saying that Iran and the help of some of the customers who sold the Iraq flooding the Iraqi market Iraqi currency counterfeiters.
He Lahibi to Iran's introduction of the Iraqi currency counterfeit to Iraq through Syria for the purpose of purchasing hard currency in the silence of a government in place.
revealed in media reports that the Iraqi-Iranian border is witnessing huge demand for dollar by the Iranians after the decline in the value of the currency of Iran (Altoman) as a result of economic sanctions imposed on Iran. (end)
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