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Iraqi Dinar Buzz Updates

Currency Newshound: CBI Adviser: Reserve is sufficient to raise the value of the Iraqi dinar
2010-12-01 22:52:32

Posted: December 1, 2010

Central bank adviser said the appearance of Mohammed Saleh, said that the Iraqi dinar force depends on two factors the first of what is owned bank reserves amounting to less than 50 Mlyardinar as well as inflation.

The added benefit of the reporter (news agency, media / INA) that the Iraqi economy suffers from inflation, which had previously ranged between 37 to be arrived today less than 3% Foundation with inflation exchange rate stability, indicating that the central bank’s target is to reduce inflation, which led to an increase in the purchasing power of the Iraqi dinar.