Central Bank Announced New Controls To Stabilize The Exchange Rate Of The Iraqi Dinar

[supergirl]

Central Bank announced new controls to stabilize the exchange rate of the Iraqi dinar

on 7/22/2013 | author faith Qasim

A member of the Finance Committee predicted Dler capable of improving the Iraqi dinar exchange rate and significantly against the U.S. dollar after the necessary measures taken by the central bank and out of Iraq from the provisions of Chapter VII.

He said: 

"The Central Bank will take new measures and controls which supports the stability of the exchange rate of the Iraqi dinar against the U.S. dollar, where the correction of the errors will be signed by the Bank during the past period and that led to the low price of the Iraqi dinar."

He added: "The withdrawal of Iraq from Chapter VII of the UN and will contribute significantly to support the exchange rate of the dinar because it would stimulate trade and economic movement of the country with various countries of the world and therefore will reflect positively on the exchange rate of the dinar against the hard currencies."

The central bank announced its intention to take measures and new regulations for the sale of hard currency to support and stabilize the exchange rate of the Iraqi dinar against the U.S. dollar.

And witnessed the exchange rate of the Iraqi dinar declined severely over the past few months, generating a great upheaval in the local market.

http://www.alestiqama.com/news.php?cat=business&id=2627

 

[MoneyPlease]

Nice! Thanks!

[SidneyJr]

I'm optimistic about these articles.  I'm waiting patiently....

Thanks.............

[TQueezy]

Still just seems like saying it'll even back out with the CBI official rate, hence the word "stability." Not sure why they consider that significant gain...

[Alex38]

the word "significant" doesn't mean the same to them as it does to us... me thinks... hahahahaha

[new york kevin]

Thank you for the reseach and the article. I value you guys and what you do. But all I see & hear Iraq saying is ... after release form Chapter 7 sanctions ... blah blah blah. JMHO.

[NightAngel]

Awesome find Supergirl!

[aliciadogz]

 Thank you Supergirl and    !!!

[supergirl]

 Thank you Supergirl and    !!!

 

LOL! I hear ya .... have a great rest of today @mydogz

[AJC]

Sounds very promising !!! TY Supergirl !!!

[aliciadogz]

LOL! I hear ya .... have a great rest of today @mydogz

LOLOLO!!

[outlawclg]

New controls.... same old exchange rate.  

The first part of the article talks about a big change due to Ch7....but the last sentence brings it back to the local market rate.  They do a great job of their confusion propaganda.  Although that is not too tough when dealing with me.   

[Boozer]

Just more talk and no action, Stop talking and JUST do it !