Central bank denies Iraqi dinar exchange rate to make dollar worth a thousand dinars in June

Central bank denies change the Iraqi dinar exchange rate to make the dollar worth a thousand dinars in the month of June next

Skip to the CBI With great interest the remarks attributed to incorrect Massadrldi addressed to some newspapers and news agencies today to the effect that the central bank intends to change the Iraqi dinar exchange rate by making the dollar worth a thousand dinars in the month of June next year.

He said the central bank In a press statement received A copy of the non-validity of this report or other criteria and the stability of the Iraqi dinar exchange rate and the general signs of monetary policy is far from the news and other information is confused and incorrect, so necessary to note

http://al-iraqnews.net/new/iconomi/57243.html

Central: denies any intention to make a thousand dinars, equal to the dollar

Denied the Iraqi Central Bank, on Wednesday, and there has no intention of changing the Iraqi dinar exchange rate by making the dollar worth a thousand dinars, indicating that monetary policy is far from the news, according to a statement of the central.

The statement, received by the agency Voices of Iraq (VOI) that the Central Bank of Iraq, "continued with great interest the remarks attributed to incorrect sources have said that plans to change the central Iraqi dinar exchange rate to make the dollar worth a thousand Dinarve the month of June next," stressing that "no health for this item or other."

The central that "the criteria adopted in the stability of the Iraqi dinar exchange rate and the general signs of monetary policy is a far cry from the news and other information confused and incorrect."

It should be noted that the exchange rate set by the central foundation of the Iraqi dinar against the dollar in 1170 is stable for more than a year, the Iraqi Central Bank Governor Sinan al-Shabibi told (Voices of Iraq) on Monday (1 / 3) that the central "exchange rate policy Itnebeny called floating orbit, through which the exchange rate is determined manner, and take decisions on the change in proportion to the issues of fighting against inflation, which is considered most importantly, "noting that the central" I do not want to take action to cause confusion to the stability of the current market, such as reducing the price it produces a request significant cash and other decisions."

The current exchange rate basis, which amounts to 1170 dinars per dollar Shabibi said he was "a good, stable and can defend Bahtiattiyatna big swallow 43 billion dollars now," noting that the defense comes from the rate seen by the fact that the central "balanced now and we should not adopt the price does not appreciate the defense about it, but there may be economic variables related to the size of the precautions that may be less, for example Venmay to change it."

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again..can anyone understand how to decipher what was just said?????some more gibberish from Iraq...one day a statement from a news source saying in June the rate will drop to 1000 dinars per every dollar as compared to 1170 dinars to the dollar now...then the very next day the CBI[central bank of Iraq]refuting the statement....isn't this typical????.....lol....GO DINARS...Pat