Economist Opinion: Dollar reduction in private banks will stabilize the dinar value

Posted by on Oct 27, 2013 | Leave a Comment

20-07-2013 06:22 AM

Baghdad (newsletter). The economic expert on behalf of Abdel Hadi, the private banks to lower the exchange rate of the dollar will stabilize the value of the Iraqi dinar.

Abdul Hadi (News Agency): the private banks by lowering the dollar to 1180 dinars will stabilize the value of the Iraqi dinar against other currencies and enable transparency in dealing with foreign currencies, as well as reduce the speculation.

He added: the reduction in the exchange rate of the dollar is a national role played by private banks to their economic role.

The Association of Iraqi banks agreed with the Central Bank reduced the cash dollar exchange rate to 1180 as of dinar Sunday

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