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Expert: U.S. dollar exchange rate is linked to reduction or closure of banking offices is approved

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Expert: U.S. dollar exchange rate is linked to reduction or closure of banking offices is approved

Unread postby Stillw8n » Sun Jun 03, 2012 9:39 am

Expert: U.S. dollar exchange rate is linked to reduction or closure of banking offices is approved
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On: Sun 06/03/2012 13:07

Baghdad (news) .. He specializes in economic affairs Dargham Muhammad Ali, that the closure of banking offices is approved does not affect the exchange rate of the dollar.

Ali (of the Agency news) said on Sunday: that the money supply in the market are not affected by the dollar off the office or reduced because the central bank is controlled exchange rates of the dollar.

He added there is no link between the exchange offices and dollar exchange rates, Vachirfah is a profession to earn a profit and make currency trading easier, but the central bank is controlled by the dollar exchange rate at the end.

He explained: that some offices is approved to help in the smuggling of currency and money laundering, which is harmful to the economy does not benefit him, so the closure will support the market and enhance control of the Central Bank on the financial position and the flow of currency



ikhnews.com
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Re: Expert: U.S. dollar exchange rate is linked to reduction or closure of banking offices is approv

Unread postby Stillw8n » Sun Jun 03, 2012 9:45 am

Expert: the dollar is not linked to reduce or shut down unauthorized banking offices
http://www.ikhnews.com/filemanager.php? ... e&id=31228
Baghdad (newsletter) …The competent Minister in Economic Affairs, Ali dargham closed unauthorized banking offices does not affect the exchange rates of the dollar.

Ali (News Agency news) on Sunday: that the money supply in circulation in the market from the dollar are not affected by the shut down offices, curtailed because the Central Bank is controlled by the dollar exchange rate.

He added: there is no link between Exchange offices and then the exchange rate of the dollar, is a profession to earn profits and make currency easier, but the Central Bank is controlled by the exchange rate of the dollar at the end.

He said that some unauthorized offices help smuggling currency and money laundering, which hurt the economy and benefit, therefore, closed the market will support and enhance the control of the Central Bank on the financial situation and currency flow




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