30/11/2010 Adviser of the Central Bank reserve is not sufficient to raise the value of the Iraqi dinar
Central bank adviser said the appearance of Mohammed Saleh, said that the Iraqi dinar force depends on two factors the first of what is owned bank reserves amounting to less than 50 Mlyar (billion?) dinar and the second is inflation
The added benefit of the reporter (news agency, media / INA) that inflation, which hit the Iraqi economy, which was reached today to Less than 3% Foundation with inflation exchange rate stability.
Indicating that the central bank’s target is to reduce inflation and increase in Prices and that this low inflation has led to increased purchasing power of the Iraqi dinar and explained that Reasons that led to the high level of inflation due to the absence of the type of export products and our dependence on one type of export and this makes the Iraqi economy, unilateral and non-qualified to work on raising the real apical of the Iraqi dinar.
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