The stability of the exchange rate of the dinar against the dollar
CAIRO - Muhammad Khalifa
Dr. Sinan Alshabibi Governor of the Central Bank exchange rate stability
of the Iraqi dinar against the dollar, and that the bank encourages
citizens to buy dinar and handling and keeping it
Where currencies began his confidence day by day and became keen on the
conduct of the dollar and the dinar rather buy it as it saw Amian
revealed dinar return to power, which led to the elimination of
inflation, which we suffer from in the past.
He said Alshabibi told the (morning) during his participation in the
Arab banking conference in 2008, held in Cairo under the slogan (the
role of banks in financing investment projects in Arabic) sponsored by
the Arab League, we aspire in the near future to the return of Iraqi
dinar to what it was in the seventies and the beginning eighties against
the dollar and other foreign currencies and we are endeavouring and
serious in this regard, but added that this process is not easy and
simple and depends on the supply and demand of Iraqi dinars.
And encourage the private sector in the transfer of capital between
countries reported: that opportunities are open to all and free to move
money to any country that wants alluding shortage of regulatory issues
in this area because we are still suffering from a routine killer in
most government departments, explaining that there Many banks have
formed a civil relations with a wide Arab and international banks and
well and bode well Annci and we were in isolation from the world banking
over 30 years but at the same time we are moving very fast pace.
For his part, Associate Director of the Rafidain Bank Mohsen Abdel
Hassan told (morning), which participated in the conference
representatives from the banking Rafidain Bank came to participate in
order to continue the banking interface between Iraq and Arab countries
and return to the Arab ranks banking indicating that the participation
of Iraqi banks in these conferences Arab and meetings are very positive
because it is through the identification of the latest developments at
the Arab Banking addition to agreements with various banks participating
Conference.
He added that the Rafidain Bank has eight branches in the Arab countries
two in Jordan and the other in Lebanon and Syria and Abu Dhabi, Cairo
and Yemen, we have an ambitious plan to increase the number of bank
branches to reach all the Arab countries, and provides services to these
branches Iraqi community in the transfer of funds and other banking
transactions addition to pay retirees of Iraqis who live in these countries.
He connected at the level of board chairman of the Union of Arab Banks
Adnan Hamad Youssef told (morning): We have established strong relations
with Iraqi banks as we work together to invest funds in the
reconstruction of Iraq and through our union together, pointing out that
we approached the Iraqi bank now to send a number of working in the
Iraqi banks for training and rehabilitation in the Union and at the
hands of expert professional bankers pointed out that we in the European
aspire to attract bankers Iraqis through their support at all levels
within and outside Iraq, explaining that the Federation began an
ambitious plan establishment of several bank branches belonging Arab
tent Union in Iraq After improvement of security.
