Directed to sell the dollar b {1183} in all private banks

06/22/2013 12:00 AM Bankers confirmed pursuit Association and central access to the price of natural drainage  BAGHDAD - Hussein ثغب Tamimi confirmed Association of Iraqi banks seeking continued to reduce the exchange rates of the dollar against the dinar, through the mechanisms of joint cooperation with the Central Bank of Iraq, where organized daily meetings between representatives of the private banks and specialists in the central bank. The head of the Association of Iraqi banks Adnan Chalabi, in an interview (morning): that the initiative of the Association of private banks at the invitation of private banks to reduce the dollar exchange rate contributed to the decline gradually exchange rates, although relatively, pointing out that the mechanics work painted with by the Central Bank and the Association heading access to the exchange rate of the dollar against the Iraqi dinar to normal rates. Cooperation Association and the Central and added that the three banks have responded to the invitation Association and started since last week to sell the dollar to citizens at 1183 instead of 1189, pointing out that the banks of Assyria, Baghdad, and Huda responded to the calls of the Association, which launched in collaboration with the World Bank CBI. , and pointed out that the 25 banks waged an extra start this week to sell the dollar new price (1183), and thus the number of private banks, which reduced the dollar exchange rate (28) banks, referring to the height of this figure even further to include all local banks and branches of banks operating in the country. stability of the financial sector and continued Chalabi saying: that the stability of the financial sector need to achieve economic development, and that any problem taking place in the banking sector civil adversely affect the overall economic process, reaching impacts to the prices of goods and services related to the economy of the family and contributes to the rise in large, stressing that the private banks have working relationships with international banks and the World Bank and that any defects or problems are traded through the media inaccurately affect this relationship and makes those banks reconsider Bmassarva of the private. He pointed out that the negative effects do not stop at this point, but up to the investment sector where you find that the capital looking for a sector money stable could provide great services to investment companies, especially as the country in dire need of the efforts of specialized international companies to implement projects strategic large in all provinces country. new initiatives either the Executive Director of the Association of private banks in Iraq, Abdul Aziz Hassoun said that the initiative to reduce the exchange rate of the dinar against the dollar is the first and will be followed by new initiatives in collaboration with the Central Bank of Iraq in order to support all economic sectors. He pointed to the importance of concerted efforts to stabilize the exchange rate of the dollar, which requires that the media more active role in the transfer of the facts about the mechanisms of action of private banks in the country, pointing out that the banks civil economic asset must be preserved, and it operates under the Central Bank, Indicating that the private banks entered the field of selling the dollar in order to reach the prices of natural exchange of the dollar against the Iraqi dinar.electronic gate and pointed out that the private banks are the infrastructure of the local economy, pointing out that they broker through which the process of foreign exchange in accordance with requests of Commerce, which employs to import various goods , which requires follow-up merchant who requested the money, because the private banks operating under the instructions of the Central Bank according to which to transfer money and claim permits the entry of goods merchant and merchant here who is responsible for Securities provides. I think the adoption of electronic gate, which is a remedy for this confusion made ​​in the process of converting the money because he performs acts during a brief period where it can be the link between all the departments with effect from the Customs and taxes, banks and others. dealings global As a member of the Association of private banks in Iraq and Wadih Handal noted that the initiative confirms that private banks support the stability of the exchange rate to activate the reality of their work, pointing out that most of the private banks have dealings with the largest international banks, including Citibank and obvious Morgan and other banks with international reputation, and the World Bank Light channels with private banks, and this in itself makes it imperative on the banks organize their work and strive to develop mechanisms of action and reach out to the world in the provision of services. raise the stakes of banks and the central bank has promised to lift quotas private banks from the dollar to banks initiated to reduce the exchange rate for the (1183) as it comes from the door of activating cooperation between the two parties. He pointed out that the sale of the dollar to the citizens did not specify a ceiling time but continues to get to the normal rates of the exchange rate. sale transparently either representative of the Central Bank of the supervisor of the sales process Mohamed Mohsen pointed out that the sales process at the Bank of Baghdad, one of the banks that reduced selling prices are transparent and as instructed by the central bank, did not indicate any irregularity to the day after the adoption of the new mechanism, is also selling the dollar in isolation from sections bank is a positive step not confuse the services provided to the customer. , and pointed out that the receipt of applications and the announcement of the names by tables organized process of selling the dollar and make it go high smoothly. http://www.alsabaah.iq/ArticleShow.aspx?ID=48753