The Central Bank next month begins procedures to reduce exchange rate fluctuations

The parliamentary Finance Committee, confirmed Wednesday that the Central Bank will start next month with the application of the package of measures aimed at the exchange rate of the dollar against the Iraqi dinar to normal while preventing recurrence if Exchange rate volatility.

And the value of the Iraqi dinar fell gradually during the past few weeks, bringing the price of the dollar to around 1129 DT was stable from 1120, the highest rate of exchange-rate mechanism for the last two years.

Committee member, said Haitham Al-jubouri for "Twilight", "news of the CBI told the Finance Committee that will begin next month with the application of measures to reduce the high dollar against the Iraqi dinar, this one did not disclose details of it will be confidential".

Al-jubouri said that "among the most prominent actions that will be applied by the Central Bank of Iraq is opening documentary credits in Government and private banks," Noting that "the Finance Committee has informed the Central Bank of Iraq to support its all in the high limit of the dollar against the Iraqi dinar".

The Finance Committee has daift this month Central Bank Governor Abdel Basset Turki Agency and discussed the reasons for the high rate of the dollar against the Iraqi dinar [You must be registered and logged in to see this link.]

this means one of two things, and they are being very aloof about it..hum
personally, I don't think it's because they gonna move a few pips.. why would they make a big about that?? I mean from 1129 to 1120?? really lol