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Iraq eases restrictions on sale of dollar
- Iraq: Thursday, October 04 - 2012 at 08:48
Iraq central bank has announced restrictions on the sale of dollars have been eased, in a step likely to boost the dinar currency, Reuters has reported. The decision was taken as the dinar-dollar exchange rate is now stable, deputy central bank governor Mudher Kasim said. Better implementation of anti-money laundering regulations will prevent dollars being sold on to countries under sanctions, he added. The central bank tightened rules in April over who could participate in its daily dollar auctions and the amount they could buy, seeking to stabilise the dinar and stem the illicit transfer of US currency to neighbouring countries under sanctions.
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