Replies to post #19821 on Iraqi Dinar Discussion Board (IQD)

[punto]

Nice post Aro this is the part I like. Good to se you are not always negitive on the Dinar. We are planning to reduce that inflation percentage further to a certain level that would improve the purchasing power of the Iraqi currency,” he

added.

Al-Shabibi admitted that the central bank had pursued a very strong monetary policy over the last few years in order to curb core inflation which reached 70% during former Iraqi leader Saddam Hussein’s regime.

“Our monetary policy used to be very strict but now we have eased it as inflation has dropped,” he said.

Al-Shabibi said the central bank has adopted a policy to boost Iraq’s currency, the dinar. The dinar has risen over the last few months to a record high against the dollar, thanks to trading by the central bank at its daily auction