Yay for the Iraqi dinar
Before I made up my lines, I checked most of the economic articles, in local newspapers and magazines, and I followed the local economists' presentations on the radio. and television,
I found no one to address the phenomenon of the depreciation of the dollar in front of the Iraqi dinar recently, or referred to the important role and the President of the Central Bank of Iraq In the realization of this event, which reflected positively on the Iraqi market through the return of life to the Iraqi dinar, and its remarkable recovery, which helped widen the situation positive in society, despite the difficult circumstances left by the effects of the liberation battle against ISIL, the quest for reconstruction and the requirements of a campaign To build that the provinces are experiencing...
The central Bank of Iraq has done a mechanism for the past few months, which has led to a clear depreciation of the exchange rate and to even lower levels of the market black, this decrease has a positive effect on inflation and significantly enhance the value of the Iraqi dinar, reaching the equivalent of 4% in favour of Iraq's dinar
With this effort by the central bank, it is clear that community-based sensing is a practice open to everyone and that it does not need to be special training or complex exercises, they need simple skills that every human being can acquire a little bit of national self-effort, and a strategic sense in her questions.
Its practice and any poverty at this level inevitably reflect on its tender, provided that the goal is to provide a safe and secure umbrella for society and Iraqi individual has taken the steps of the central Bank of Iraq, which has made the Iraqi dinar, restore its splendour in the currency market.
Financial stability and the strength of the Iraqi dinar are aimed at reducing systemic risks, which have emerged as important as the recurrence of financial crises.
The International Monetary Fund defines systemic risks as the risk of the disruption of the provision of financial services resulting from the disruption of one or all sectors financial system (e.g. money or banking markets) which leads to financial contagion between the entire financial sectors.
In its steps, the central bank has confirmed the capacity Financial system to perform its role as a financial intermediary and a source to provide the necessary financial liquidity in a reasonable balance, to drive economic growth smoothly I've been between the bank.
Central, knowing the daily sufferings of citizens, and the non-daily, striving to overcome their difficulties, are the most specific characteristics of those who address responsibility, and are also the origin All the progress, the fountain of every success, and every real happiness, and the corner of every definite elevation at the individual, social and human level.
Congratulations to our dinar, and reproach to colleagues who write in financial and economical regard..
The central bank steps have been quietly carried out, and the competent one has been fingerprinted without statements. Worthy of praise and blessing..
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