$$$$$##### The Iraqi Government formed a Committee to set the value of the Iraqi dinar

2013-06-10

The Iraqi Government announced on Monday, 10 June, the formation of a Joint Committee of the ministries of finance, planning and the Central Bank to adjust the value of the Iraqi dinar against foreign currencies and prevent slumping.

He said the Economic Adviser to the Government of Iraq Salam Al-Quraishi, the Committee will develop several regulations aimed at keeping the exchange rate of the Iraqi dinar in the acceptable level and prevent the decline in its value.

Al-Quraishi said that it will support the global value of gold and prevent manipulation by traders and banks foreign currency exchange rate of the dollar and the euro.

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http://al-shorfa.com/ar/articles/meii/newsbriefs/2013/06/10/newsbrief-09

Iraq forms joint panel to stabilise currency


2013-06-10


In a bid to prevent the fluctuation of the Iraqi dinar and adjust its value against world currencies, the Iraqi government on Monday (June 10th) announced that a joint committee comprised of members from the planning and finance ministries and the Iraqi Central Bank has been formed.


Iraqi government economic advisor Salam al-Quraishi said the committee will establish several controls that aim to stabilise the dinar rate of exchange level and prevent its value from dropping.

This will be done by supporting the value of the dinar with gold and preventing traders and banks from manipulating the dollar and euro rates of exchange, he said.


http://al-shorfa.com/en_GB/articles/meii/newsbriefs/2013/06/10/newsbrief-09