CBI to implement plan in June to raise the exchange rate of the dinar against the dollar

Posted by on Oct 23, 2013 | Leave a Comment

Published on Saturday, 25 May 2013 20:25

in the parliamentary Finance Committee that the central bank told us that it will implement a new plan to raise the value of the Iraqi dinar against the U.S. dollar.

A member of the Committee Faleh Djiashi’s (IMN) said that «the central bank told the Finance Committee representative that an action plan will begin to apply early next June, will be capable of lifting Iraqi dinar exchange rate against the U.S. dollar«.,

And added that «the central bank to work on reducing the number of Companies that deal with it and put the money in the auction, which will reduce the value of the dollar and reliance on monetary policy open without procedures and controls are complex and open wide field in front of the government banks «.

announced that the Finance Committee for the formation of a small committee consisting of three deputies to monitor the exchange rate of the Iraqi dinar against the dollar, confirmed that the actions of the process carried out by the Central Bank last week led to address the problem gradually.

The Parliament had guest this week and central bank governor Abdul Basit Turki agency and discussed with him the reasons for the high price of the dollar against the dinar.

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