Central Bank lowers the value of the dinar against the dollar by 1.37%

December 21, 2015 5:33
Central Bank of Iraq announced the devaluation of the dinar against the US dollar.
A statement of the bank said that "lifting the US dollar selling to banks and exchange companies rate by 16 dinars any by 1.37 percent to 1182 dinars."
The statement noted banks and the conversion of financial, investment and banking offices that "the exchange rate by international standards is still under study and will report results if completed, knowing that he has changed the base rate of the US dollar against the Iraqi dinar by the bank to the [1182] dinars per dollar." .
The bank was selling dollars at 1166 dinars, it reported statistically the bank sold more than $ 42 billion in the auction of the currency since the beginning of this year until last Wednesday.
The Governor of the Central Bank and the Agency on the Keywords announced in 20 of the month of November last that the bank reserves of foreign exchange of 60 billion dollars, "adding that" enough for six months, "noting that" the Central Bank is working on the application of parallel policy to maintain the overall stability of prices and curb inflation. "