Reduction of the U.S. dollar exchange rate in the private banks will stabilize the value of the dinar

[igotafew]

Baghdad (news) .. Said economic expert on behalf of Abdul Hadi, said the agreement private banks to reduce the dollar exchange rate will stabilize the value of the Iraqi dinar. 

Abdul Hadi said (of the Agency news): The establishment of private banks to reduce the exchange rate of the dollar to 1180 dinars will lead to the stability of the value of the Iraqi dinar against other currencies and to activate the principle of transparency in dealing with foreign currency, in addition to reducing the speculative side. 

He added: reduction of the U.S. dollar exchange rate is the role played by national private banks as well as its economic role. 

The Association of Iraqi banks agreed with the central bank cut the cash dollar exchange rate to 1180 dinars as of next Sunday. / End / 5. G. / Mm

 

 

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Orig: http://www.ikhnews.com/index.php?page=article&id=93062

 

[Alex38]

1180? hahaha

[TLHUBER]

Isn't this going in the wrong direction?

[TotalNewb]

This is to bring stability to the current market situation. Don't read into this too much.

[sandfly]

WEL LET'S SEE HOW IT WORKS

[MyLadiesDaddy]

Could it be suggesting 1.1180 on Sunday? Just a thought. 

 

There calling it a reduction, aren't they? There saying it will 

 

greatly benefit the average citizen. Correct? What I have learned 

 

over the yrs is that understanding translated Arabic requires some

 

linguistic hyperbole. With a dash of imagination. In laymen's terms,

 

read between the lines.