Apr 23 2012
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Dollar prices in the kurdistan region markets rise against Iraqi Dinar
Over the last few weeks the price of dollar and gold has risen because of the political crises in Iraq and the long-delayed government budget, said Bakir Muhammad, the Deputy Chairman of the Kurdistan Syndicate of Goldsmiths.
He added, the increasing price of gold is linked to the instability of dollar prices, and now one unit of 21 gold karats is 298,000, which is very high.
Currency shop Owner Samir Rasul said "so far, the dinar price against the dollar is going down, and $100 stopped at 128.5 IQD today".
Economist and tutor at the University of Salahaddin, Amir Saleem, said the main reasons behind this instability, which affects trade, economy and infrastructure in Kurdistan, were Central Bank policies.
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