Iraq Finance Committee Member: Iraqi dinar has recovered and

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Iraq Finance Committee Member: Iraqi dinar has recovered and has become internationally recognized


On: Saturday 24/09/2011 13:10

Baghdad (news) .. According to a member of the Finance Committee and parliamentary deputy / National Alliance / Abdul Hussein al-Yasiri, that the Iraqi dinar at this time recovered from what it was in the past and began to deal in abroad, noting that the Central Bank of Iraq has up to (57) billion dollars, and this demonstrates the strength of Iraqi economy.

Yasiri said in a statement to the Agency (news) on Saturday: that the Iraqi dinar now began to recover almost what it was in the past and are treated in most countries of the world such as Syria, Jordan, Lebanon and the other could be to replace the dinar in any international currency, stressing that the Iraqi dinar is now currency has become internationally recognized as in the past, and raise the price of the dollar, indicating that the dinar exchange rate against the dollar was (3027) dinars, but now its price (1191) dinars, and this shows that the Iraqi dinar began to recover.

The Yasiri that the Iraqi Central Bank has to its credit limits (57) billion dollars, and this demonstrates the strength of the Iraqi economy, which all lead to the strengthening of the Iraqi dinar.

He was the Iraqi Central Bank announced on 22 June last, he decided to restructure the local currency in order to develop the payment system in the country. Also showed the International Monetary Fund in August last support of the Iraqi economy in the event of his number of economic measures, including the allocation of banks and raise three zeros from the local currency and the payment of debts and compensation is the responsibility of Iraq.

The main tasks of the Iraqi Central Bank to maintain price stability, monetary policy, including exchange rates, management of foreign currency reserves, issue currency and management, as well as to regulate the banking sector.


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