10 April 2013
The Parliamentary Committee of Finance revealed that Central Bank of Iraq is increasing American foreign currency sale to maintain Iraqi dinar exchange rate.
The Parliamentary Committee of Finance revealed that Central Bank of Iraq is increasing American foreign currency sale to maintain Iraqi dinar exchange rate.
"The exchange rate of the dinar against the dollar began to return gradually to its normal level post the measures taken by the Iraqi central bank by increasing the exchange facilities to sell dollar," Ameen Hadi, PCF's member told "Shafaq News".
Hadi acknowledged that "the enormous exchange facilities in Baghdad and the provinces and not monopolizing (such facility) to a limited number of banks and banking companies will lead to stability in exchange rate of Iraqi dinar compared to the dollar".
The exchange rate of the Iraqi dinar declined during the past few days as US dollar rate rose to 1125 ID from its previous 1120 ID.
© Shafaq News 2013
