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

Financial expert: the exchange rate of the dinar against the dollar may be equal during the next two years thanks to central bank policy

Baghdad, 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.

Said the star (of the Agency news) on Saturday: The central bank succeeded managed through its 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.

Saturday, February 25, 2012
Iraq ~ Central Bank excludes foreign investors sell the currency of the proceedings
25/02/2012

Iraqi Central excludes foreign investors sell the currency of the proceedings

Baghdad, The Central Bank of Iraq, Saturday, he was excluded from the actions of foreign investors sell the currency, according to investment law.

And the development of the bank a new mechanism requiring the withdrawal of foreign currency on the basis of the importance of development projects in the country, after it has spread in recent times the phenomenon of smuggling hard currency, especially to Iran, facing international sanctions, which warned of a number of experts in the field of economy and development of the reflected negatively on the Iraq's reserves of hard currency.

The deputy governor of the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency that "the central bank set an appropriate mechanism to facilitate the access of foreign investors on the foreign exchange and do not cause the Bank's procedures in the sale of the new currency in obstructing their work."

Saleh added that "the measures which the Central Bank began to be implemented to reduce the phenomenon of smuggling currency out of the country was successful and led to positive results and raised the value of Iraqi dinar."

He explained that "the actions taken by the Central Bank of Iraq fit with the nature of the market and the high price of the dollar."

And witness the exchange rate of U.S. dollar in the local markets about the Iraqi dinar increased significantly between 1221 to 1225 thousand Iraqi dinars to the dollar, while the exchange rate of U.S. dollar against the Iraqi dinar in the past year 2011 of 1180 dinars to the dollar.

The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector.