Thursday, January 24, 2013

The Central Bank called network connectivity for auction information, 24 jan

Baghdad/Obelisk said the Iraqi Central Bank, Thursday, on the implementation of electronic connectivity steps to daily foreign currency auction information between the Bank and the Ministry of finance and the General Commission for taxes. The Bank's Governor, Abdul Basit Turki "Obelisk", "the World Bank approved the plan with a view to ensuring the highest degree of coordination between the stakeholders of the health information provided for balance of payments purposes. He added that "its implementation will contribute to make the database required between these institutions available moment by moment and ensure transparency and fairness in the deal," he said, adding that "the implementation of the plan will begin on Thursday. The Central Bank held five meetings weekly auction to buy and sell foreign exchange, earns a Commission on the sale of cash and money orders in the amount of amount of each dollar.

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