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Central: the dinar became more like a strong and hard currency
On: Sun 02/12/2012 8:21
Baghdad / agencies
said the deputy governor of the Central Bank of the appearance of Mohammed Saleh said that the dinar covered in hard currency by more than (100%) and not fear him from the vagaries of currencies of neighboring countries.
added benefit of the Agency (news): The dinar has become strong and more like a hard currency through the Bank's policy Central control of the cash raised in the local market.
He explained: that the dinar and foreign currency covered by more than (100%)
This is a rare condition, and has a cash reserve large hard currency than for (60) billion dollars retained by the face of difficult circumstances that may occur in the country, giving the power of the dinar against foreign currency.
He pointed out that the goal of central bank policy at present is to stabilize the price exchange of the dinar against the U.S. dollar, but our goal in the long run be equal to it being a process needs a strong economy and inflation is low and a cash reserve large.
and was a member of the Finance Committee MP Haitham Jubouri may likely equal to the price of the Iraqi dinar against the dollar during the next biennium after the implementation of the project to delete the zeros three of the Iraqi currency.
Jubouri said in an earlier statement (the news): The orientation carried out by the Central Bank of retention rate of the dinar against the dollar during the current indication that monetary policy in the country able to make the dinar equivalent of the U.S. dollar.
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