Financial expert: the exchange rate of the dinar against the dollar may be equal during the next two years thanks to central bank policy
On: Saturday 02/25/2012 15:36

(THIS IS MISINFORMATION... IT IS NOT BEING SAID BY THE CBI GOVERNOR DR.SHABIBI... THEREFORE HOLDING NO VALUE IN MY OPINION)



Baghdad (news) .. Expected economic researcher Hussein star is equal to the exchange rate of the Iraqi dinar against the U.S. dollar during the next two years as a result of central bank policy in support of the currency, stressing that this process depends on the political and economic stability of the country.
He said the star (of the Agency news) on Saturday: The central bank succeeded managed through the control of the cash raised in the local markets, and make the Iraqi dinar rises two points during the month of February the current and this is an important development and significant in the work of monetary policy in Iraq.
He added that the Iraqi dinar currency today has become an important and influential in world markets being covered with large cash reserves of hard currency, which is estimated at (60) billion dollars, and this number is too large due to central bank policy in support of the national currency.
The Star: that the process is equal to the Iraqi dinar against the U.S. dollar depends on the strength and stability of the Iraqi economy and the domestic market as well as political stability and security environment is quiet, and perhaps up to during the next two years.
The central bank said earlier that his policy on the level of near work on the stability of the exchange rate of the Iraqi dinar against the U.S. dollar while at the intermediate and near will be equal to the Iraqi dinar exchange rate against the dollar.







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