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Hue Mi
06-11-2013, 05:29 PM
Financial: gradual rise of the dinar against the dollar in the coming days (http://center-imn.com/index.php?option=com_content&view=article&id=4729:2013-06-11-11-30-11&catid=94&Itemid=602)

Post June 11, 2013 14: 30

http://www8.0zz0.com/2013/05/17/08/502150730.jpg

Baghdad/sourcing Centre for the Iraqi media network (IMN The Finance Committee), Tuesday, that the coming days will see a significant drop of the dollar against the Iraqi dinar, the new Central Bank action, raising the dinar exchange rate.

The Committee Member said Haitham Harish (IMN) said "the dollar started to decline before the Iraqi dinar to the canonical level (125) thousand dinars per $100, will reach 120 thousand dinars per $100 this month.

Al-jubouri, said that "the actions taken by the Central Bank to keep the rate of Iraqi dinar, including opening letters of credit and cash sales, which reached more than 55% of the total sales of the currency through private banks which contributed to reducing demand and increasing supply.

And Al-jubouri, a "Central Bank legal deterrent action against anyone who violates the instructions drawn up by him to hold offending banks, capture the exchange rate manipulation operations through sending it abroad."

The price of the dollar against the Iraqi dinar has witnessed a significant rise in the past months, reaching 130,000 dinars for every 100 US dollars, while the Central Bank selling price (117) thousand dinars for each US $100 at the time.