Central Bank of Iraq: there is no significant transfer of funds abroad

Central Bank of Iraq: there is no significant transfer of funds abroad

24/02/2011 22:42

Baghdad, February 24 (Rn) - The Central Bank of Iraq on Thursday that the sale of approximately $ 154 million and a half million, mostly in the form of remittances for Foreign Affairs was a position naturally and is not an indicator for the transfer of substantial funds to the outside nothing to do with the news for the travel of officials and deputies out of Iraq and the confiscation of amounts large at Baghdad International Airport.

The appearance of Dr. Salih, adviser to the Iraqi Central Bank, told the Kurdish news agency (Rn) that "the movement and sale of currencies remittances out of Iraq in a market sell currencies at the Central Bank was natural did not score any indication of the process of transferring funds abroad."

Saleh pointed out that "the total purchasing power offers the form of remittances amounted to 152.336 million dollars, while total cash offers purchasing two and one hundred and sixty thousand dollars."

Salih stressed that "offers the purchasing power of currency in an auction on Thursday the central bank, which was mostly in the form of foreign remittances is not a process of transferring funds abroad in record indicator for the transfer of funds through remittances because of the possibility of transferring large amounts of Baghdad airport."

Saleh pointed out that "the authorities at the airport in Baghdad, according to the laws do not allow for the Iraqis, whether they are citizens or officials to transfer more than ten thousand dollars with them when traveling."

And Saleh stressed that "this issue did not have any record of the index by the people transfer their money through the auction currency at the Central Bank," pointing out that "the process of transferring remittances rigorous process and documented the names and addresses of people in countries transferred to them."

And Saleh, said that "the sale price of U.S. dollars in cash to the dollar was 1183 IQD including the commission of the Central Bank of 13 dinars per dollar."

Saleh pointed out that "the Central Bank of Iraq continues the process of selling and buying the dollar at 1117 dinars, and receive a commission in the case of cash sales and transfers."

Salih stressed that "the Central Bank exercises its normal and regular has not been affected, including rumored news about the risks before the commencement of a demonstration on Friday."

The media has pointed out that many officials and lawmakers had left Iraq by the Baghdad International Airport during the last two days and the authorities at the airport in Baghdad book one million two hundred thousand dollars was being transported by officials and members of Parliament out of Iraq.

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