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Central bank: no intention to amend the Iraqi dinar exchange rate  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Central bank: no intention to amend the Iraqi dinar exchange rate

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Central bank: no intention to amend the Iraqi dinar exchange rate  Empty Central bank: no intention to amend the Iraqi dinar exchange rate

Post by Ponee Sun Jan 17, 2016 10:24 pm

The Central Bank on Saturday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.

The bank said in a press statement, he was "no intention to amend the dinar exchange rate and that what is declared by the otherwise any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund.

"The statement added that" the central bank is well aware that any reduction in the value of the dinar meant damaging the purchasing power of citizens because most of their needs are imported.

"The head of the Minister Haider al-Abadi said earlier, that the Iraqi currency backed strongly there is no fear on the exchange rate of the dinar against the dollar, as he pointed to the existence of "manipulation and conspiracy" to influence the current situation.




http://www.iraqidev.org/news/index.php/aktsadea/65733.html

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Central bank: no intention to amend the Iraqi dinar exchange rate  Empty Re: Central bank: no intention to amend the Iraqi dinar exchange rate

Post by Kevind53 Sun Jan 17, 2016 10:40 pm

If you remember a week or so ago there was an article put out stating that they needed to lower the value of the Dinar. I pointed out at the time that it was an op-ed piece and not an official statement. Here we have the official statement. Not gonna happen.

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