Central Bank of Iraq: We will not allow the dollar to raise prices

Central Bank of Iraq: We will not allow the dollar to raise prices

By Roudao 16/01/2016

Roudao – Arbil

Central Bank of Iraq - We will not allow the dollar to raise pricesassured the Central Bank of Iraq as “We will not allow any form high value of the dollar against the Iraqi dinar more,” adding that the depreciation of the dinar in the last week had ordered an emergency. In the middle of last week, the price of 100 US dollars rose to 128 500 dinars, due to lack of foreign currency in the currency markets, but the central bank by asking more than the dollar currencies, was able to reduce the price of $ 100 to 124 500 dinars during the 3 days. The governor of the Central Bank, on the Keywords, that “Iraq has the hard currency enough to cover imports for six months, but the central bank is trying to provide a value of $ 2 billion of foreign bonds, and $ 5 billion of domestic bonds in 2016 “. He stressed relationships, because no policy to raise the value of the dollar against the Iraqi dinar, describing the high value of the dollar in last week about it emergency, saying that “the central bank has foreign currency is the weakness of the local currency in the market.” In the past 15 days, was one of the criticisms leveled continuously to the Central Bank of Iraq, is the low value of the Iraqi cash reserves in the bank. On this Thread Keywords explained that “the financial reserves of the Central Bank is changing constantly, but today worth $ 68 billion, the size of the money supply of the dinar 40 trillion dinars.”

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