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Central Bank Governor: Dinar strong despite the security situation
06/22/20140
The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki in a press statement that "the security situation in the country will not greatly affect the Iraqi dinar, attributing the cause to the power of the Iraqi dinar and the precautions that support it.
The governor of the Iraqi Central Bank that "the bank's management studied and researched the course of the security situation experienced by the country and its impacts on the financial situation in the country."
He added that "the existing foreign currency reserves at the Central Bank and of 70 billion dinars can control the exchange rate of the dinar against the dollar."
And pointed out that "the cash reserve 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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06/22/20140
The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki in a press statement that "the security situation in the country will not greatly affect the Iraqi dinar, attributing the cause to the power of the Iraqi dinar and the precautions that support it.
The governor of the Iraqi Central Bank that "the bank's management studied and researched the course of the security situation experienced by the country and its impacts on the financial situation in the country."
He added that "the existing foreign currency reserves at the Central Bank and of 70 billion dinars can control the exchange rate of the dinar against the dollar."
And pointed out that "the cash reserve 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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