Central Bank to take a new policy to avoid the dinar exchange rate affected by the neighboring countries

02 February, 2012

Central bank also unveiled a new policy to avoid the risk of the impact of currencies of neighboring countries on the Iraqi dinar exchange rate, because it has a large cash reserve of hard currency.

The Deputy Governor of the Central Bank of the appearance of Mohammed Saleh said that the Central Bank has the largest financial reserve of hard currency in the history of Iraq and $ 60 billion, to face the difficult circumstances that may pass in the country. He noted that the Central Bank of Iraq in control of the local market by injecting liquidity or withdrawn and has a policy on the near and medium term to avoid the risk of impact Tdhoramlat neighboring countries to the Iraqi currency.

Link