Dinar has became strong due to policy’s of the CBI and $60B reserves; Aspires IQD to equal USD
Noted Deputy Governor of the Central Bank the appearance of Mohammed Saleh that dinar indoor hard currency by more than (100%) and there is no fear of currency fluctuations neighboring countries.
Saleh said in a press statement on Saturday: The dinar today has become a strong and more like hard currency thanks to central bank policy controlling the cash raised in the domestic market, adding that the dinar covered in hard currency and by more than (100%) and this rare condition, and has a cash reserve large hard currency than (60) billion dollars retained to face the difficult circumstances that may occur in the country, giving the strength of the dinar against foreign currencies.
He pointed out that the central bank’s policy target at the moment is the stability of the exchange rate of the dinar against the U.S. dollar, while our long-term goal to be equal to him being a need to exercise a strong economy, low inflation and a large cash reserve.
And was a member of the Finance Committee and the National Alliance MP Haitham al-Jubouri could likely equal to the price of the Iraqi dinar against the U.S. dollar during the next biennium (Note: within a period of two years) after the implementation of the project to delete three zeros from the Iraqi currency.
Jubouri said in an earlier statement that the approach that the Central Bank retention rate of the dinar against the dollar during the current period indication that monetary policy in the country able to make the dinar is equal to the U.S. dollar.