Parliament calls for the central bank to raise the price of the dinar against the dollar
On: Sat 1/28/2012 8:30
BAGHDAD / agencies
The member of parliament Abdul-Hussein Abtan the central bank to work on raising the price of the dinar against the dollar and to improve the living conditions of the individual.
Abtan said, according to the Agency (news): the central bank to do a study to raise the rate of the dinar against the dollar and foreign currency in excess of (60) billion dollars.
He Abtan: that the dinar at a standstill for four years since he was a cash reserve (20) billion dollars by the need to raise the price of up to (1000) dinars against the dollar over the economic recovery and the reality of living of the individual and restore its distinguished position among nations.
This is noteworthy that the central bank stressed that raising the value of the dinar by 3.4%, which may seem at first glance a low rate, although it is in fact a monetary value large part of the financial settlement large inter-bank "that this lifting" sends a strong message confirms the strength and stability of national currency and the promising future of the Iraqi economy "and dispel all fears of the possibility of a deterioration of the latter.
Last edited by newmonies; 01-28-2012 at 06:46 PM.
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