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The central bank is able to support the dinar and no fear of collapse
20/06/2014 04:45 PM
BAGHDAD - follow the Orient:
Economists indicates that "the demand of the Iraqi citizen to store foreign currency will be temporary," arguing that "the Iraqi economy because the governor to balance the dinar per covered 1.3% of the dollar." To that, the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki, said that "the task of the Iraqi Central Bank, according to the law is to keep the dinar stable against other currencies," noting that "the bank's management has examined the course of the security situation experienced by the country and its impacts on the financial situation in the country ". The Turkish that "what exists of a reserve of hard currency to the Central Bank will be capable of controlling the exchange rate of the dinar against the dollar," he said, adding that "cash reserves in support of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar, so there is no fear on the dinar at the moment
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20/06/2014 04:45 PM
BAGHDAD - follow the Orient:
Economists indicates that "the demand of the Iraqi citizen to store foreign currency will be temporary," arguing that "the Iraqi economy because the governor to balance the dinar per covered 1.3% of the dollar." To that, the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki, said that "the task of the Iraqi Central Bank, according to the law is to keep the dinar stable against other currencies," noting that "the bank's management has examined the course of the security situation experienced by the country and its impacts on the financial situation in the country ". The Turkish that "what exists of a reserve of hard currency to the Central Bank will be capable of controlling the exchange rate of the dinar against the dollar," he said, adding that "cash reserves in support of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar, so there is no fear on the dinar at the moment
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