Central bank: we have reduced the dollar to 1317 dinars

[yota691]

Central bank: we have reduced the dollar to 1317 dinars

Author: Publisheron: June 18, 2015In: economyViews: 69 views

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - a member of the administrative board of the Central Bank of Iraq Majid picture said that the dollar cut to 1317 dinars after a series of measures taken by the Central Bank of Iraq to meet the banking needs of hard currency.

He pointed to the picture (IMN) that "the Iraqi Central Bank yesterday sold about $ 235 million, and today $ 203 million, under a plan adopted to meet the needs of the Iraqi banks in order to reduce the price of the dollar."

Suri said that "the measures that have been applied since yesterday reduced per dollar from 1420 to 1317 dinars," adding that "the central bank measures to sell the currency will continue to secure the needs of the banks next week."

Iraqi Central Bank announced on Thursday, met all the demands of the market and, without exception, through the sale of more than $ 203 million.

 

Central bank: we managed to reduce the dollar

By Mohammed Emad one nine 06.18.2015 | Views: 1

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Brother - Baghdad

 A member of the administrative board of the Central Bank of Iraq Majid picture that the dollar cut into dinars in 1317 after a series of measures taken by the Central Bank of Iraq to meet the banking needs of hard currency.

Suri explained that "the Iraqi Central Bank yesterday sold about $ 235 million, and today $ 203 million, under a plan adopted to meet the needs of the Iraqi banks in order to reduce the price of the dollar."

Suri said that "the measures that have been applied since yesterday reduced per dollar from 1420 to 1317 dinars," adding that "the central bank measures to sell the currency will continue to secure the needs of the banks next week."

Iraqi Central Bank announced on Thursday, met all the demands of the market and, without exception, through the sale of more than $ 203 million.

[sandfly]

THANKS

[10 YEARS LATER]

Awesome ! At this rate you might get to a real currency by say, oh, . . . 2079 AD. 12 years and going backwards . . . these guys are on top of their game alright . . . NOT !

[italiancat]

How in the h*** do they think they reduced the US dollar? Is that the same thinking that if you move a "Deer Crossing" sign farther down the highway from the bridge then the Deer will begin to cross at the new Crossing point near the sign that was moved? REALLY IRAQ??

[Machine Gun]

Wrong way, they have reduced the value of the iqd.

[chinadawg]

atleast headed in the right direction again, but still aways off from where it needs to be....around 1200.00 to 1202.00

[Freedomrules]

These guys give themselves to much credit

 

"the measures that have been applied since yesterday reduced per dollar from 1420 to 1317 dinars"

 

It was at 1340 yesterday. Not 1420. 

 

I agree with you ChinaDawg that at least its going in the right direction but I sure hope that you are wrong about where it needs to be. I was hoping more like 116.

I bought into this late so 1200 is a break even number for me.