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Saturday, June 27, 2015

Central Bank: monetary policy will not be able to set the dollar's exchange rate against the Iraqi dinar, 27 JUNE

BAGHDAD / ... Central Bank of Iraq announced on Saturday that monetary policy will not be able to adjust the exchange rate of the US dollar against the Iraqi dinar, while the government called for border control and track the money that comes out of the country and the fight against economic crime.
He said the Central Bank's board member Majid picture for "Eye Iraq News" that "monetary policy is trying to adjust the exchange rate of the dollar against the dinar, but this will not affect too much," pointing to the existence of other factors that have an impact on the exchange rate the security and political stability and control of border crossings such as the situation land, air and sea. "

He called the picture "The government has to cooperate with various parties in order to follow up corruption and track the money that comes out of the country and the fight against economic crime."

"The monetary reserves at the Central Bank as possible to play a major positive role in the stability of the dollar exchange rate on condition of interference by other parties."
It is noteworthy that the Governor of the Central Bank on the Keywords announced that the decision to cancel 8% of customs and excise tax imposed on the purchase of the dollar exchange rate will decrease over the next week, and will contribute to lower consumer goods prices. It ended 7 LINK

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