Thursday, December 22, 2011

Central Bank: the growing demand for foreign currency behind the decline in the Iraqi Dinar

Iraqi dinar exchange rate decline against foreign currencies, particularly against the U.S. dollar as the price of the U.S. dollar in recent days, JD 1240, but returned to the decline and is now to 1210 Iraqi dinars
He emphasized that "the decline in the Iraqi dinar will not continue because the central bank owning a stable monetary policy as well as large stocks of foreign currency up to sixty billion dollars, so this fall as the bubble soon burst."



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