* Member of Energy and Investment Committee: Calls on CBI to study to raise the price of the dinar against the dollar

January 27th, 2012 10:51 am · Posted in NEWS: Dinar Currency & World Currency News 

Baghdad (news) .. called a member of the Committee on Energy and Investment parliamentary MP / National Alliance / Hussain Alabtan to raise the price of the Iraqi dinar against the dollar to improve the living conditions of the individual.

The Alabtan in a statement (the Agency news) on Thursday the central bank to do a study to raise the proportion of the Iraqi dinar against the dollar and foreign currency in excess of (60) billion dollars. The Alabtan to: that the Iraqi dinar at a standstill for four years since he was a cash reserve (20) billion dollars so far.

The Alabtan: to raise the price of the dinar for up to (1000) dinars to the dollar appropriate at present to increase the economic recovery and the reality of living of the individual and restore its distinguished position among nations.

This is noteworthy that the central bank stressed that raising the value of Iraqi dinar by 3.4%, which may seem at first glance a low rate, although it in fact constitutes monetary value large part of the financial settlement large inter-bank “that this lifting” sends a strong message confirms the strength and stability of the national currency and the promising future of the Iraqi economy “and dispel all fears of the possibility of a deterioration of the latter, as he put it

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