Central Bank intervenes in defense of Iraqi dinar
By Khayoun Saleh
Azzaman, January 2, 2012
The Central Bank says it will not allow the Iraqi dinar to depreciate and has been selling hundreds of millions of dollars to keep the currency stable.
The Iraqi dinar weakened in December last year, prompting the bank to sell dollars in a bid to withdraw cash from Iraqi markets.
The bank did not say what brought the dinar to plummet to lows it had not seen for years, but officials private