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Iraq forms joint panel to stabilise currency

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rocky
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Iraq forms joint panel to stabilise currency

Post by rocky on Mon 10 Jun 2013, 6:14 pm



Iraq forms joint panel to stabilise currency



Today at 6:07 pm



2013-06-10
In a bid to prevent the fluctuation of the Iraqi dinar and adjust its value against world currencies, the Iraqi government on Monday (June 10th) announced that a joint committee comprised of members from the planning and finance ministries and the Iraqi Central Bank has been formed.


Iraqi government economic advisor Salam al-Quraishi said the committee will establish several controls that aim to stabilise the dinar rate of exchange level and prevent its value from dropping.

This will be done by supporting the value of the dinar with gold and preventing traders and banks from manipulating the dollar and euro rates of exchange,

http://al-shorfa.com/en_GB/articles/meii/newsbriefs/2013/06/10/newsbrief-09



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Re: Iraq forms joint panel to stabilise currency

Post by Neno on Mon 10 Jun 2013, 7:06 pm

Like this a lot but, they ain't raising the value they are protecting the value from manipulation but why? Is the IMF about to raise the default of the program rate hold down? I say preparations maybe at hand here.. ;)


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