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View Full Version : The Central Bank raised the dinar against the dollar 10-23-2016



BatmaninIraq
10-24-2016, 01:44 AM
Central Bank officials confirmed yesterday that the Iraqi dinar price final price us dollar coinciding with victories of our security forces are advancing towards the liberation of the city of Mosul, the source said in a press statement singled out by the news that the Central Bank decided to raise the value of the Iraqi dinar against the US dollar financial mechanisms within its own policies stating that those mechanisms are subject to the principle of supply and demand in the domestic market. The source said the Iraqi dinar during the coming few days will witness a significant rise in the price of the US dollar.

TheZeppyWanderer
10-25-2016, 03:28 PM
Central Bank officials confirmed yesterday that the Iraqi dinar price final price us dollar coinciding with victories of our security forces are advancing towards the liberation of the city of Mosul, the source said in a press statement singled out by the news that the Central Bank decided to raise the value of the Iraqi dinar against the US dollar financial mechanisms within its own policies stating that those mechanisms are subject to the principle of supply and demand in the domestic market. The source said the Iraqi dinar during the coming few days will witness a significant rise in the price of the US dollar.




Now, assuming the part of the statement IN BLUE is for real, 3 questions spring to mind -

1) Will the CBI actually back up this statement with positive action ?
2) How long a period is "the coming days" by their definition ?
3) How much of a rise would they consider "significant" is ?