The parliamentary finance committee said that the proposal which submitted to the Iraqi Central Bank on increasing the number of those sides that are responsible for the sale of foreign exchange ( Rafidain and Rasheed banks), which was applied during the last few days, contributed to raise the value of the dinar against the U.S. dollar.
The Iraqi Central Bank acknowledged earlier in the presence of an imbalance in the Iraqi dinar exchange rate, and confirmed his quest to unify the exchange rate between him and the local markets, was charged with four conspiracy to hit the financial economy of Iraq to empty its market of its financial strength, indicating that the corridors of free trade in Iraq has become the means adopted to hit the economy. The price of the dollar has witnessed an increase in relative to local currency during the past few weeks, and reached the exchange rate to about 1127- 1128 dinars to the dollar in the domestic market, while the stable exchange rate 1116 - 1117 in the auction of the bank. Officials in local companies attributed that to the central bank additional procedures in hard currency auction. A number of exchange companies confirmed yesterday, in remarks for the "Al-Bayan Al-Eqtisadi", the exchange rate dropped to 1121 1122 dinars per dollar.
Ameen Hadi a member of the Committee Secretary said there was an increase in the value of Iraqi dinar against the dollar after the application of the central bank proposal made by the Finance Committee spends Auction diversification of foreign exchange and not restrict to a limited number of companies.
Hadi said that the central bank will be in accordance with the procedures to maintain this stability. Local media reports talked about the widening phenomenon of smuggling hard currency from Iraq to Syria and Iran on the border crossing points, which was not confirmed by the CBI.