The Central Bank Sets the Exchange Rate of the Iraqi Dinar
|August 25, 2014||Filled under Iraqi Dinar News|
Iraqi Dinar News –
Committed the Iraqi Central Bank and private banks own pledge, regardless of the Iraqi dinar by price due from the central bank.
The statement said the central bank said that “the Central Bank is required of all private banks at the exchange rate of the dinar selected by him.”
He added that “the banks to adhere to this pledge uncles to ensure market stability and liquidity in the money markets.”
The central bank sets the exchange rate of the Iraqi dinar by 1116 dinar to the US dollar each.
The central policy depends balance by pumping local market need to foreign currency and not to allow a monopoly, but it imposes on the definition of a mechanism to provide buyers use the money procured from its daily auction to sell the currency Alajunbah.
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