Director of private banks: CBI will open the foreign currency auction tomorrow despite the closure of the financial accounts

Baghdad (news) .. According to Executive Director of the Association of private banks Abdul Aziz Hassoun, that the central bank has decided to open its auction public sector to buy and sell foreign currency on Wednesday, despite the fact that this week is a period of restoration and closure of the financial accounts for the year (2012).

said Hassoun (of the Agency news): The Central Bank new urges the application of the system in financial transactions by banks and importers to maintain the exchange rate of the dollar against the dinar in the local market.

continued: So I decided not to close the auction for the sale of hard currency during the current week and Stfathh tomorrow so as not to market remains idle for a long time and a breach in the dollar exchange rate, although most of the financial institutions closed its financial accounts for the year (2012) during this week to begin calculations new in the first month of the new year. stressed the Iraqi Central Bank on the eighth of December, the current, on the application of the plans to control the stability Iraqi currency in local markets and the amount of hard currency in circulation.

central bank held the Iraqi auction of five meetings weekly starting from Sunday to Thursday for the sale and purchase of foreign currency, and receive a commission for cash sales and transfers of about 13 dinars per dollar.

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