Central Bank of Iraq stresses discipline of the currency market

08/05/2010

BAGHDAD – The weekly news agency – consultant dismissed the Iraqi Central Bank in favor of the appearance of Mohammed as reported recently by news of the existence of other points of control in the Iraqi market currencies and stressed that the bank is the only body authorized to finance the local currency market.

“No country in the world is devoid of economic crimes, and therefore a function of the Bank is to combat these crimes, money laundering and combating the rumors,” and stressed that the Office of Anti-Money Laundering return of the Bank is working professionally and having had a large number of inspectors . .

Saleh added that the bank is to determine the relationship of the Iraqi Dinar to other currencies, the dollar or whether other, pointing out that Iraq is among the dollar, because 95 percent of its income from foreign currency comes from oil sales denominated in dollars worldwide.

He ruled out that Iraq is once again crises of inflation, saying that the treatments approved by the Bank in the face of inflation were new to Iraq, and that each program of economic reform produces considerable side effects, when Iraq has entered into arrangements with the International Monetary Fund had effects, including high fuel prices.

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