26/11/2010CBI confirms the success of his plans to maintain the value of the Iraqi dinar
Baghdad, The Central Bank of Iraq, Friday, the success of his plans to preserve and enhance the value of the dinar issued in the list of states stable global monetary terms.
The chancellor said the Central Bank of the appearance of Mohammed Saleh told the Kurdish news agency (Rn), "The Bank has succeeded in continuing its plans for the development of the Iraqi dinar with the value of foreign currency which was the top local and regional market."
Saleh pointed out that "the monetary value of the Iraqi dinar rose thanks to the plans and actions taken by the central bank continued to edit the criticism of the Iraqi financial constraints and administrative routine."
Saleh expressed his hope that "the percentage of stability in the value of the Iraqi dinar to global proportions as well as to neighboring countries that have survived in the stability of its currency and bringing investment to them."
Saleh added that "the central bank will continue its plans serialized according to a clearly defined strategy for the provision of global monetary environment characterized by stable and compatible with the size of construction projects and investment in the country."
The CBI said, Wednesday, the past that the high inflation rate 0.01 November November compared with last month will not affect the value of the Iraqi dinar.
The Central Bank of Iraq announced last October revealed that the rate of inflation in Iraq to 2.7% compared with last September, which encouraged the launch of liquidity for banks by 5% of the cash reserves of the existing legal to have, in order to expand lending operations and advancing the development.
Known that excessive inflation in the general level of prices and rising incomes Ouanasr cash component of cash income, such as wages or profits as well as high costs and excessive in the creation of cash balances.
And a number of economists fear the continuing high rates of inflation in the country in the absence of mechanisms to reduce the height of government institutions on the management of the economy in the country.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
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