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February 20, 2012Economic support of the parliamentary proceedings emphasize the central bank exchange rate
Baghdad, The Economic Commission parliamentary, on Monday, its full support to action the Iraqi Central Bank for supporting the exchange rate of the dinar and the dollar selling in the auction, as well as planned on the removal of three zeros from the local currency, as he emphasized the central bank that monetary policy is controlled them completely and the presence of cover enough of the local currency, and expected increased dealing in Iraqi dinars, which necessitates the need to delete the zeros of it.
Committee Chairman Ahmed al-Alwani, at a press conference today on the sidelines of the host committee for the Iraqi Central Bank Governor Sinan Shabibi, and his deputy, and a group of angel Advanced in the bank from the concerned auction dollar, the presence of a group of MPs interested in, "The Committee supports the controls and mechanisms adopted by the Central Bank to deal with the auction and keep the dollar exchange rate of the dinar and Iraq's wealth in hard currency, as well as planned on the removal of three zeros from the local currency."
He said al-Alwani, that "the Committee highly appreciates the responsible attitude and outstanding efforts of the central bank governor and his staff on maintenance of public money and the wealth of Iraq," noting that "the Commission coordinate with the Central Bank out of its commitment to public money and the economy of Iraq, and because the correlation Bank of parliament according to the Constitution".
The President of the Economic Commission parliamentary, that "the Commission was briefed on the steps diligent, scientific, transparent and serial, carried out by the central bank to control the exchange rate of the dinar and the preservation of hard currency," pointing out that "there are conditions and mechanisms in this regard to limit to deal with those involved only in dollars."
And witnessed the exchange rate of U.S. dollar in domestic markets has recently increased significantly against the Iraqi dinar, with varied price one dollar between 1221 to 1225 thousand Iraqi dinars, while the price was in 2011 the last of 1180 dinars to the dollar, especially after the tightening of international sanctions on Both systems Tehran and Damascus.
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