Deputy: improved the value of the IQD against the USD will bring international companies to invest in the country

Posted: September 4, 2013 in Iraqi Dinar/Politics
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04-09-2013 07:30 AM

Baghdad (newsletter). Member of the Finance Committee, called on Deputy//Secretary Hadi, the Central Bank has taken new measures to support the stability of the dinar against the dollar, adding that the improved value of the national currency will stimulate corporate investment income to the Iraqi environment.

Hadi (News Agency): to increase the value of the dinar against hard currencies will give a positive sign for the national economy, and this will stimulate international companies to enter the Iraqi environment for business and investment.

He said the Central Bank must take the necessary action and to support the stability of the Iraqi dinar exchange rate against the US dollar, to support the economy and to encourage international companies to invest in the country.

The Iraqi dinar has witnessed a big drop in price in Exchange for hard currency in recent months, giving a negative signal for the economy as a result of the lzdiad cases of money laundering and currency smuggling abroad

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