Deputy: Iraqi dinar will arrive to its price (1166) against the dollar

26/04/2012 0:00

BAGHDAD – Al Sabah 
expected decision of the Committee of Economic parliamentary deputy / Kurdistan Alliance bloc / Mahma Khalilzad, the restoration of the Iraqi dinar and normal in the coming period, after the necessary measures taken by the monetary policy to fetch up to (1166) dinars to the dollar. 
Khalil (of the Agency news) said on Wednesday: The monetary policy of Iraq and of the Central Bank has taken necessary measures for the return of Iraqi dinar to normal and stabilize at a certain price to the U.S. dollar, because the continued increase in the exchange rate of the dollar against the dinar will lead to economic problems, such as increased prices in local markets and high inflation rates in the country. 
said MP Khalil: We have asked the central bank and the federal government to take the necessary measures needed to save the currency of Iraq from deteriorating in front of hard currency, Calcetrh on the process of currency smuggling to neighboring countries, or take scientific methods to sell foreign currency at an auction in the central, expressing optimism the return of Iraqi dinar to normal to settle on the price of (1166) dinars to one dollar. 
this and see the U.S. dollar has increased significantly and unprecedented has its value against the Iraqi dinar, with an exchange rate of one U.S. dollar (1300) Iraqi dinars, after he was conservative on the price for a period of long B (1170) dinars to one dollar, which was born out of fear of a major economic circles constantly increase its price and its direct impact on the Iraqi economy.
alsabaah.com