Iraqi Dinar Discussion Board

[realest]

Cessation of daily autions and pegging the dinar in the offing.

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Likely a member of the Finance Committee of the Sami Parliament Atrushi depend on the policy of the central bank's daily auction of $ and replace the fixed exchange rate linked to the financial market if the Iraqi market and the entry of global investment companies.

Atrushi and praised the recent action adopted by the Central Bank and the reduction of the interest rate on loans to 11 percent, stressing the need for interest rates linked to inflation rates in the country.

The central bank cut interest rates on loans from 14 percent to 11 percent after a decline in inflation rates in the country.


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Finance Committee commends the monetary policy of the Central Bank

Atrushi predicted the central bank to stop the policy of the daily auctions of dollars and replace the fixed exchange rate linked to the financial market if the Iraqi market and the entry of global investment companies.

He said the daily sale of the bank kept the rate of the dinar and this force by the central bank will continue until the Iraqi market link global financial markets and corporate investment in a timely manner.

He added that Iraq would not continue in this policy and the shift to a policy of pegging the price of the dinar against the dollar.

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