CBI confirms that the dinar on the way to improvement

Baghdad on June 03 / (QNA) / Central Bank of Iraq announced that the national currency / dinar / on the way to improvement through the return of the spread of trading in global financial markets, stressing that the right of equality Iraq peg to the dollar, as it is now open economically to the world, nor can re-isolation from the international incubator.

The deputy governor of Bank of the appearance of Mohammed Saleh, said in a statement today that Iraq has several programs, especially with the IMF and the Paris Club, where he was able to resolve a large part of the debt, which amounted to / 140 / billion dollars, and a cancellation of approximately the 80 percent of the debt incurred by the Iraq policy pursued by the previous regime.

And on the status of international sovereign bonds Iraq, he explained that these bonds issued under the Paris Club to grant higher interest rates, making it a buy at high prices, compared with the sovereign bonds of other states which confer benefits by about 2 percent.

The Iraqi official that the surplus in the current account of balance of payments amounted to about Iraq’s 10% ratio to GDP, confirming that this ratio will enable the dinar from the trend towards improvement because of the adoption of central bank monetary policies successful.