February 2, 2012Economic Commission formally addresses the central bank to stop selling the dollar and decided to host the Governor
Addressed the Economic Commission representative central bank official letter to stop the sale and the dollar auction until the issuance of instructions that specify from which authorities have the right to deal with the hard currency to ensure that leaked out of Iraq.
Committee Chairman Ahmed al-Alwani today Alaravaouan "officials in the Iraqi Central Bank confirmed that they now the process of developing a new mechanism to participate in bids to buy the dollar and how they will exchange the dollar and hard currency, and we will follow up this subject first Powell in order to preserve the cash reserves of Iraq, "he said.
He said al-Alwani said that "the smuggling of currency has a negative impact, and bad for the Iraqi economy and will affect on the reserve currency and the exchange rate of the dinar against the dollar, also has a political dimension seriously. "
He said that "Iran is suffering from the economic situation is bad because of international sanctions and is trying by any means compensate for the damage, especially with regard to foreign currency and has no outlet other than Iraq being considered by Square powerful influence on the political, economic and even security, "he says.
He continued: "So they are trying to fill the deficit, even if there was damage to Iraq, and this can not accept it, and we will stand against all who try to dump the hard currency from Iraq, and will not compromise on the country's wealth for the interests of others. "
The United States, Korea has imposed on Iran, economic sanctions, doubts its nuclear activities are forced to buy foreign currency from neighboring countries and most recently Iraq openness them without control, security, political or economic, according to observers.
In a related development A source in the parliamentary Economic Committee that the committee will host the Central Bank Governor Sinan Shabibi soon to stand on the issue of counterfeit currency.
The source said that "the Committee will discuss with the Governor of the Central Bank reports that talk about the entry counterfeit currency to Iraq through neighboring countries, in addition to the attempt to limit this phenomenon, if any."
Several media sources have picked up reports of cases to replace the currencies of forged Iraqi with another foreign in number of Iraqi banks.
acknowledged the deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh, the existence of counterfeit currency in the market and trading in foreign currency and smuggling, but said they are not as high of an exaggeration that is being talked about.
"The indicators that we have is that what is and concrete of the counterfeit currency in the market is the proportion of normal and within normal limits. which is found in all countries of the world does not carry an indication exceptional for such rumors for the flow of counterfeit currency local from some countries and the withdrawal of the dollar in return, so the level of exaggerated media reports about this matter. "
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