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Parliamentary Finance intends to reduce the sale of hard currency and open the file auction

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Parliamentary Finance intends to reduce the sale of hard currency and open the file auction

Unread postby admin » Thu Jan 17, 2019 10:18 am

Parliamentary Finance intends to reduce the sale of hard currency and open the file auction

2019/01/17 14:04

Iraqi Dinar-Dollar auctions

A source in the Finance Committee of the parliamentary, Thursday, January 17, 2019, expressed the Commission's intention to open the file auction sale of currency, while noting that it will take several measures to reduce the sale of hard currency.
The source said in an interview received for the "obelisk" that "the Finance Committee will work during the next few days to openthe file auction currency in order to codify the waste in the sale of hard currency, which is taking place in the Central Bank," noting that "it is unfair that the bank sell more than 300 million dollars a day without reflecting on the services and imports of customs and taxes to maintain the exchange rate. "
The source, who asked not to be named, said that "this caused great damage to the Iraqi economy and its inputs through which are compensated state budgets," noting that "the Finance Committee is taking urgent measures to reduce the sale of the Central Bank of hard currency amounting to about 100 million dollars Daily instead of $ 300 million a day through strict control to reduce waste of public money. "
The Central Bank is holding daily sessions for the sale and purchase of foreign currencies, except for official holidays which the bank stops these auctions.

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