Finance Committee unveils plan to install the U.S. dollar exchange rate in the markets by 1118 dinars to the dollar (post for player)

Finance Committee unveils plan to install the U.S. dollar exchange rate in the markets by 1118 dinars to the dollar

Post June 19 2013 09:48

(IMN)- BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - revealed the Finance Committee representative, Wednesday, plan for central bank began to apply include installing the dollar exchange rate in the domestic market by 1118 dinars to the dollar, a figure close to the official rate approved by the Central Bank.


Said committee member Najiba Najib's (IMN) said that "there is a plan central bank began Pttabgaha under the direct supervision of the House of Representatives include stabilizing the exchange rate of the dollar in the domestic market by 1118 dinars to the dollar, which would be close to the official exchange rate adopted in the Central Bank of Iraq."



Najib added that "the decisions issued on the contribution to the stability of the exchange rate of the dollar against the dinar contributed to the low price of the dollar, which reached now to 1122.5 dinars per dollar after hitting to 1130 dinars to the dollar."



And hosted by the Finance Committee last month and central bank governor Abdul Basit Turki agency and discussed with him the reasons for the high price of the dollar against the Iraqi dinar.

[You must be registered and logged in to see this link.]

Awesome news! ! We need to see the price stability and look how quick its happening!  This continued trend or leveling of the price at the official rate brings us closer to to the reality of a change in the monetary policy.

The delete the zeros project wasn't to maintain that rate, how is this good? I can see the citizens staying fustrated with the low rate. Open to some education here....thanks, anyone?

So instead of a dinar being worth a half sheet of toilet paper, it'll now be worth 3/4 sheet of toilet paper.

It's a small step in the right direction......