Iraqi Dinar 123 News:– This is first time in the economic recent history of central bank of Iraq that it made clear public statement for the revaluation of Iraqi dinar. The governor of central bank of Iraq made an official public statement about revaluation of Iraqi dinar. According to Turki, they are looking for the settlement of the new government. They will revalue the currency as government gives them green signal. The statement is so valuable at the time when most of the people are talking about revaluation and its timing.
The governor further said that they required six months to complete this process in the country. This is first statement from central bank of Iraq in the last eight months for revaluation of Iraqi dinar. The expected rate of dinar will be $1.00 to $1.50 as most of the economists believe keeping the recent economic conditions in the mind. Dinar expert believe that revaluation is expected by the end of this year after the statement of governor of central bank of Iraq. It shows that central bank of Iraq is committed and standing on its view point for revaluation of Iraqi dinar in the coming months.