Economist: The low dollar exchange rate led to the stability of the Iraqi dinar

Posted: August 11, 2013 in Iraqi Dinar/Politics
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11-08-2013 12:29 PM
Baghdad (newsletter).The Economist said Abbas an overwhelming majority, the lower US dollar exchange rate stability led to alidnar.

He said an overwhelming majority (News Agency): the reasons for the stability of the Iraqi dinar against the dollar, which fell to independence of the Central Bank of Iraq recently in Basra.

He continued as the Central Bank set the currency don’t contradict the momentum in sales market to create a balance between the price and the domestic market.

He added: this is a case of positive stability came on the back of the Central Bank’s actions to create a system for the Iraqi dinar exchange rate against other currencies.

Saw the Iraqi dinar exchange rate sharply in the past months, born great confusion in the local market


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