Economic Committee Member: Iraqi dinar will see an improvement in price against the US dollar during the coming period

Posted: August 7, 2013 in Iraqi Dinar/Politics
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44780107-08-2013 07:48 AM

Baghdad (newsletter). Member of the Committee said economic and investment Deputy of the Kurdistan blocs Coalition/Jasim Mohamed shankali, the Iraqi dinar exchange rate against the US dollar during the coming period after the action by the Central Bank to strengthen it.

Said shankali (News Agency): that the Iraqi economy is strong and the dinar is covered with a large reserve of hard currency, and this will give him strength and makes him immune from global economic shocks.

He added that the new procedures established by the Central Bank will support the stability of the dinar exchange rate and make better value against the greenback in the coming period, adding that the decline in the dinar exchange rate during the last period came as a result of mafias had manipulated and controlled the Central Bank auction and hard currency.

The Iraqi dinar has witnessed a big drop in the price paid for hard currency in recent months because of a mafia monopolized the sale of hard currency hails a money laundering and currency smuggling abroad


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