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

11-08-2013 12:29 PM
Baghdad (news) .. said economic expert Abbas Ghalibi, that the decline in the price of the U.S. dollar led to stabilizing the price of disbursement of Iraqi Alidnar.

And said Ghalibi (of the Agency news): The reasons for the stability of the Iraqi dinar against the dollar is the independence that is integrated by the CBI recently in the auction.

He continued: Central Bank, where he worked to identify Zach sales currency Alajpah in the market to create a sort of balance between the price of the bank and the local market.

He added: This is a state of stability came against the backdrop of positive measures adopted by the central bank to create a system for the Iraqi dinar exchange rate against other currencies.

And witnessed the exchange rate of the Iraqi dinar declined severely over the past few months, generating a great upheaval in the domestic market.


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