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Thursday, April 05, 2012
Sudden rise in dollar prices locally, and central stress conditions on transfers
Increased exchange rate of U.S. dollar against Iraqi dinar suddenly on Wednesday, bringing the price to sell it to 1226 dinars per dollar, while the Central Bank for not selling of foreign currency remittances, but after getting held accountable for annual tax and documents proving coverage assignment to a transaction.
The Director of the Office of Banking Karrada in central Baghdad, told Aswat al-Iraq that the U.S. dollar exchange rate rose unexpectedly Wednesday, after the Iraqi Central Bank to tighten the terms of the dollar sale in the auction for the sale and purchase of foreign currencies. "
According to the director of banking, the selling exchange rate reached 1,260 dinars per dollar, after it was stable at 1240 dinars per dollar during the past two months.
In turn, stressed adviser to the CBI the appearance of Mohammed, in his interview with news agency Aswat al-Iraq that the Iraqi Central Bank will not cover any selling of the dollar in the form of remittances unless Pthacb providing tax and business documents to prove that the customer covers the actual business operations.
According to Saleh, there is a deadline-running one month for the dealer to bring its official documents that prove use the money to foreign trade, in the case had no such documents directly.
The Chancellor said that procedures for the CBI was to preserve the assets of Iraq's foreign currency which are the property of the Iraqi people.
The Iraqi Central Bank reduced the sales of foreign currency during Wednesday's session significantly to reach $ 90 million, versus $ 238 million in Tuesday's session.
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