Najib: No fears of a rising dollar

September 16, 2015

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - a member of the parliamentary Economic Committee Najiba Najib stressed that the dinar exchange rate against the dollar this does not reflect the real value of the Iraqi dinar, indicating the fact that the dinar exchange rate is 1889 and not 1200 thousand thousand.

She said Najib's (IMN) said that "the Iraqi dinar volatility as a result of an ongoing supply and demand equation, the more demand less supply increased and vice versa, noting that the rate of the dinar now good price and stable and there are no fears of rising again."

The Iraqi dinar is currently witnessing a simple swing between 1220 and 1223 thousand against the US dollar, which confirms the local currency improved.