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Baghdad/Obelisk: parliamentary and economic sources said Tuesday that the Iraqi dinar will rise versus the dollar in the coming days in light of steps taken by the Central Bank of Iraq.
A source in the Iraqi Central Bank for "the Obelisk", "parliamentarians, officials and economists praised the reduction in the exchange rate of the dollar and the high price of the Iraqi dinar in the light of steps taken by the Central Bank of Iraq and the rejects and reflected in this activity".
The source stressed that "this is expected to continue to decline for the dollar and that the rate of the Iraqi dinar has improved more over the next few days according to the indications of the Central Bank and the market."
The report recommended that the International Monetary Fund Tuesday, Iraq the pace of structural reform to boost growth and job creation in the private sector, and the need to continue the rational management of the foreign reserves of the Central Bank of Iraq and the Development Fund for Iraq.
Bank sources earlier said "the Obelisk" (19 July), that Iraqi banks Association agreed with the Central Bank reduced the cash dollar exchange rate instead of the dinar to 1180-1184 Iraqi dinar as of last Sunday, with the expectation that you responded to this initiative, all banks, he indicated that this reduction will bring great benefit to the citizen.
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