Finance Committee: Iraqi dinar stable and the central bank that manages to improve and put it in front of other currencies

2014/4/7



Baghdad - announced the parliamentary Finance Committee that the Iraqi dinar stable, stressing that the central bank that it manages to improve the situation of the Iraqi dinar against other currencies.

A member of the committee MP Hassan al-Bayati "the Iraqi dinar is not placed in the correct and true, and the Central Bank of Iraq to take appropriate measures to improve and put it in front of the other currencies.

He said the Attorney-Bayati, "there was a difference in the exchange rate between the central bank and the market, stressing that the latter is determined by the price.

The Committee on the economy and investment representative had earlier carried the central bank responsible for the fluctuation of the price of the Iraqi dinar against other currencies, on the grounds he was directly responsible for monetary policy in the country.

The Iraqi Central Bank announced late last month to buy 36 tonnes of gold, returned it represents monetary policy stabilize the exchange rate of the dinar against other currencies.

To the International Monetary Fund announced in December 2012, that Iraq boosted its gold reserves to reach more than 31 tons, after that bought extra amounts.

The price of the Iraqi dinar against the U.S. dollar for the day Monday, 1166 for the sale or purchase is 1164.


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