Finance Committee Member: A plan to bring dinar exchange rate to 1118, closer to official CBI rate

Posted by on Oct 26, 2013 | Leave a Comment

Parliamentary Finance: a plan for fixing the exchange rate of the dollar in the market by 1118 DT

06/20/2013 1:50 am

revealed the parliamentary Finance Committee, Wednesday, for the plan to the central bank began its application include fixing the exchange rate of the dollar in the domestic market by 1118 dinars per dollar, a figure close to the official rate approved by the Central Bank.

Said committee member Najiba Najib’s (Center Brief for the Iraqi Media Network) that “there is a plan central bank began to apply under the direct supervision of the House of Representatives include stabilizing the exchange rate of the dollar in the domestic market by 1118 dinars to the dollar, which would be close to the official exchange rate adopted with the CBI . “

Najib added that “decisions issued on the contribution to the stability of the exchange rate of the dollar against the dinar contributed to the low price of the dollar, which reached to 1122.5 dinars per dollar after hitting to 1130 dinars to the dollar.” And hosted by the Finance Committee last month and central bank governor Abdul Basit Turki agency and discussed with him the reasons for the high price of the dollar against the Iraqi dinar.

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