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Central Bank: the devaluation of the dinar detriment of the citizen and not the intention for it
Sunday, January 10th 2016
BAGHDAD / ... stressed the central bank, Sunday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.
The bank said in a statement: "Eye Iraq News" received a copy of it, he was "no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund ".
The statement added that "the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported."
The prime minister Haider al-Abadi said earlier, that the Iraqi currency backed strongly there is no fear on the exchange rate of the dinar against the dollar, as he pointed to the existence of "manipulation and conspiracy" to influence the current situation.
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Sunday, January 10th 2016
BAGHDAD / ... stressed the central bank, Sunday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.
The bank said in a statement: "Eye Iraq News" received a copy of it, he was "no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund ".
The statement added that "the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported."
The prime minister Haider al-Abadi said earlier, that the Iraqi currency backed strongly there is no fear on the exchange rate of the dinar against the dollar, as he pointed to the existence of "manipulation and conspiracy" to influence the current situation.
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