We Need New Mechanisms to Stabilize the Iraqi Dinar: Iraqi Prime Minister

Iraqi Dinar 123 News: – The Iraqi Prime Minister Haider Al Abadi said that we need to make planning to control the mechanisms of Iraqi dinar exchange rate. He stressed that a well developed banking system has its own importance which is most powerful in developed countries. He said in a statement that the Governor of the Iraqi Central Bank discussed in a meeting after the seminar and we talk about the Central Bank’s strategy for the Iraqi dinar exchange rate against foreign currencies especially the U.S dollar.

The Iraqi Prime Minister Haider Al Abadi said in his statement that the self-determination of the Iraqi Central Bank is very important in order to maintain its work to empower its economic and financial strength in the country. It would enable Iraq to move in the well developed banking system countries. He also stressed that we should develop new exchange rate mechanisms to maintain the Iraqi dinar exchange rate. The economic advisor to the Iraqi Prime Minister already said on 5th February 2015 that the recent rise in the U.S dollar prices is just a bubble and this problem will be solved very soon.

Share This Post

Related Articles

· Designed by RF