Dinar Iraq News
Iraq's finance giants to discuss exchange rate fluctuation
30/04/2012 15:02
BAGHDAD, April 30 (AKnews) - The federal Finance Committee will
meet with officials from the Iraqi Central Bank and Ministry of Finance
this week to discuss stabilizing the exchange rate of the Iraqi dinar
compared with hard currency.
The
committee from the Iraqi Council of Representatives announced today
they will summon Iraq's officials from Iraq's most important financial
institutions to get informed about the procedures applied to stabilize
the Iraqi dinar, which has been at its lowest level in three years
against the US dollar.
On Friday, the Iraqi Central Bank (ICB)
accused four countries of a "conspiracy" to hit the country's financial
economy and weaken its financial strength, indicating that free trade in
Iraq is adopted to hit the economy.
Committee member Amin
al-Hadi said the Finance Committee held last week discussions about the
Iraqi dinar exchange rate and measures from the ICB and the Ministry of
Finance.
"The committee requested new data about the applied procedures," he said.
"We
will get informed about the adoption of the bank and the Ministry of
Finance for proper solutions in keeping the exchange rate and foreign
currency selling procedures in daily auction."
The Iraqi dinar registered recently at a selling rate of 1,290 IQD per dollar.
The value of the Iraqi dinar began to decrease early last month after it was stable at an exchange rate of 1,190 IQD per dollar.
After
reports that hard currency was being transferred to Iran and Syria,
both of which are under international sanctions, the ICB imposed strict
measures.
The ICB denied last month media reports that the bank
stopped selling foreign currency as a measure to protect the Iraqi
economy due to the political crisis in the region.
The ICB works
to maintain price stability, implement monetary policy, including
exchange rate policies, issue and manage currency, manage the reserves
of foreign currency as well as regulate the banking sector.
http://www.aknews.com/en/aknews/2/304562/
Kewangan gergasi Iraq untuk membincangkan turun naik kadar pertukaran
BAGHDAD
30/04/2012 15:02, 30 April (AKnews) - Jawatankuasa Kewangan persekutuan
akan bertemu dengan pegawai-pegawai daripada Bank Pusat Iraq dan
Kementerian Kewangan minggu ini bagi membincangkan menstabilkan kadar
pertukaran dinar Iraq berbanding dengan mata wang keras.
Sejumlah
moneyThe jawatankuasa daripada Majlis di Iraq Rakyat mengumumkan hari
ini mereka akan memanggil pegawai Iraq daripada institusi Iraq yang
paling penting kewangan untuk mendapatkan maklumat mengenai prosedur
yang diaplikasikan untuk menstabilkan yang dinar Iraq, yang telah berada
pada tahap paling rendah di dalam tempoh tiga tahun berbanding dolar AS
.
Pada
hari Jumaat, Iraq Central Bank (ICB) menuduh empat negara "konspirasi"
yang melanda ekonomi kewangan negara dan melemahkan kekuatan kewangan,
yang menunjukkan bahawa perdagangan bebas di Iraq pakai untuk memukul
ekonomi.
Ahli
jawatankuasa Amin al-Hadi berkata Jawatankuasa Kewangan telah
mengadakan perbincangan minggu lalu tentang kadar pertukaran dinar Iraq
dan langkah-langkah dari ICB dan Kementerian Kewangan.
"Jawatankuasa meminta data baru mengenai prosedur yang digunakan," katanya.
"Kami
akan dimaklumkan mengenai penerimaan bank dan Kementerian Kewangan bagi
penyelesaian yang sesuai dalam memastikan kadar pertukaran dan prosedur
menjual mata wang asing dalam lelong harian."
Dinar Iraq yang didaftarkan baru-baru ini pada kadar yang menjual 1290 IQD setiap dolar.
Nilai dinar Iraq mula berkurangan awal bulan lalu selepas ia adalah stabil pada kadar pertukaran 1190 IQD setiap dolar.
Selepas
laporan bahawa mata wang keras sedang dipindahkan ke Iran dan Syria,
kedua-duanya adalah di bawah sekatan antarabangsa, ICB mengenakan
langkah-langkah yang ketat.
ICB
menafikan laporan media bulan lepas bahawa bank itu berhenti menjual
mata wang asing sebagai langkah untuk melindungi ekonomi Iraq yang
disebabkan oleh krisis politik di rantau ini.
ICB
yang berfungsi untuk mengekalkan kestabilan harga, melaksanakan dasar
monetari, termasuk dasar kadar pertukaran, isu dan menguruskan mata
wang, menguruskan rizab mata wang asing serta mengawal selia sektor
perbankan.
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