Alabtan calls the central bank for a study to raise the price of the dinar against the dollar

Alabtan calls the central bank for a study to raise the price of the dinar against the dollar

Alabtan calls the central bank for a study to raise the price of the dinar against the dollar
Translated by Iraqdirectory.com - [1/30/2012]


A member of the parliamentary Committee of Energy and Investment MP / National Alliance / Hussain Alabtan called to raise the price of the Iraqi dinar against the dollar to improve the living conditions of the individual.
Alabtan said in a statement on Thursday the central bank has to do a study to raise the proportion of the Iraqi dinar against the dollar and foreign currency in excess of (60) billion dollars.

Alabtan added that the Iraqi dinar at a standstill for four years since a cash reserve was (20) billion dollars so far.

Alabtan said that the price raise of the dinar up to (1000) dinars to the dollar at the present time is suitable for economic recovery and increase 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 Iraqi dinar by 3.4%, which may seem at first glance a low rate, although it is in fact a large monetary value part of the financial settlement large inter-bank "that this lifting" sends a strong message confirms the strength and stability of the national currency and the promising future of the Iraqi economy "and dispel all fears of the possibility of a deterioration of the latter, as he said it.

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Thank You this just backed up something I said in chat as a possibility for what could happen with a move to 1100 or 1000 to 1 usd. Now we had one last month & we are seeing that we might have one this month any move forward is progress, good find.

Perhaps CBI will adjust the dinar to be 100/1 and then the project to raise the three zeros will bring us to the 1/1.