Chairman of the Finance Committee on IQD: Coming weeks will see an improvement over the value of the dinar against the dollar

Posted by on Oct 28, 2013 | Leave a Comment

BAGHDAD / News: suggested the parliamentary Finance Committee on Monday, to witness the coming weeks, an improvement over the value of the dinar against the dollar, noting that the monetary policy pursued by the Central Bank have had a significant impact in this improvement.

Chairman of the Committee said Haider al-Abadi said in an exclusive interview with the agency “News” that “the Iraqi dinar is witnessing these days a relatively improved its value against the U.S. dollar and the evidence provides some Arab and foreign countries wish to deal with the Iraqi dinar.”

Abadi said that “the new monetary policy pursued by the central bank had a very large impact on the improved value of the Iraqi dinar, which reflected positively on the Iraqi market through the deal and even import.”

He pointed out that “increase the confidence of the world in Iraqi dinars would make it difficult international currency,” likely “is witnessing the coming weeks, an improvement over the value of the dinar against the dollar, which will enhance the confidence of the world.”

Noteworthy that India had approached the Iraqi government during the visit of Prime Minister Nuri al-Maliki has just weeks before the adoption of dealing in local currencies in the process of commercial exchanges of the two countries instead of the dollar in order to support the Indian currency and Iraqi forces.

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