Central Bank confirms the stability of the dinar in Ramadan

Central Bank confirms the stability of the dinar in Ramadan




28/06/2012 04:33
Baghdad/features & status of the Iraqi media network-the CBI said that the currency exchange rate dollar Iraqi currency would settle in Ramadan because Milan world food price low and not high.

Deputy Central Bank Governor Mohammad Saleh appearance (features & status of the Iraqi media network) that "Central Bank watching foreign exchange rate policies to local currency which refer to foreign currency exchange rate to stabilize local in Ramadan because food in all flag States referred to the decline in prices."


"The month of Ramadan in the summer varies from winter to provide agricultural products and fruit in Iraq leading to non food price rise significantly."


The "Central Bank could equal dollar dinar but the only reason that Iraq's oil reserves so mzkhmh which have an impact on the equality of those currencies.


Finance Committee called for in the Iraqi Council of representatives from the Central Bank to reduce foreign currency exchange rate to reduce the prices of goods in the holy month of Ramadan

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