Iraqi Dinar Discussion Board

[Panhead]

(revised again)
The Central Bank of Iraq's lack of intention to remove three zeroes from the Iraqi currency to reduce inflation suffered by the economy
Raise three zeroes from the currency Idhwr put the Iraqi dinar






Baghdad / citizen
? . The Central Bank of Iraq's lack of intention to remove three zeroes from the Iraqi currency to reduce inflation suffered by the economy. ? He said Central Bank Governor Sinan Shabibi

". "This operation is unlikely at this time and that there are rational solutions to be adopted by the World Bank and the Finance Ministry to reduce inflation gripping the country, finally, by the misuse of funds by some government institutions mission." ". Shabibi said that "the process of removing zeros at the current currency degenerate put the Iraqi dinar and reduced the level of selling the U.S. dollar more than it is now." . In a related development adviser said the Iraqi Central Bank the appearance of Mohammed Saleh, said that the Iraqi dinar exchange rate against the U.S. dollar is steady and stable, indicating that conditions are subject to foreign exchange reserves, including the outcome of the oil licensing rounds, which will hopefully raise Iraq's imports of Finance.

Saleh added that "the policy of the central bank depends on maintaining the stability of the currency exchange rate, which currently stands at 1170 dinars per dollar," noting that monetary policy "is usually not fixed in absolute terms, and the CBE intervention which comes for the needs of customers from the dollar for legitimate purposes." The Rumors have circulated in the local market spoke that the central bank would reduce the exchange rate from 1170 dinars to the dollar to 1000 dinars per U.S. dollars. He Saleh said, "What is being said about the exchange rate depreciates or stop currency auction just rumors aimed at selfish gains only, especially since the transfer abroad is permissible, and the freedom of foreign exchange, not intersect with the law on combating money laundering and money, crime and terrorism, "noting that" all funds that do not intersect with the law is money free, owners are free to remittances, so we build a stable economy we do not need to resort to crisis or to surprise the public, and these policies, if any, it would be stated and clear, without rely on the secret. "and on the cash reserve legal Saleh pointed out that the central" has the reserves are adequate and sufficient, and conditions are subject to including results of the rounds of licensing oil, and if wrote to her success in the export of large quantities of oil Vstkhaddm the national economy and development efforts, and thus will enter flow into Iraq, and not vice versa. "Iraq had signed a ten oil contracts with major international oil companies through two rounds of licensing the first oil and the second, which was held in Baghdad in mid and late last year, which expected to raise Iraq's production of 2,5 million barrels per day to about 12 million during the next six years. On the future of the Iraqi dinar Saleh said that the "exchange rate governed by the reserves, and price trends, which are stable at the moment," expected to be "the future of the dinar prosperous and stable Iraq, expressing hope that the future of the Iraqi economy in general and promising according to an optimistic outlook must be drawn in the mind and the changes will be positive provided that other factors not subject to constant surprises
http://translate.googleusercontent.c...9328oWlDChp_Kg