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KO15
03-05-2010, 12:57 AM
Shabibi: for pots of the Central Bank to offset the U.S. dollar, the dinar

On: Fri, 05/03/2010 12:50

Et al - Baghdad

Statement by the President ruled out the CBI Shabibi likelihood equation Iraqi dinar exchange rate in dollars, indicating that monetary policy is far from the news according to a statement of the central.

The statement, received Kalpbr news ((et al)), a copy of the CBI, "continued with great interest the remarks attributed to incorrect sources have said that plans to change the central Iraqi dinar exchange rate to make the dollar worth a thousand Dinarve the month of June next," stressing that "There is no truth to this story or other." The central that "the criteria adopted in the stability of the Iraqi dinar exchange rate and the general signs of monetary policy is far from the news and other information confused and incorrect." It should be noted that the exchange rate set by the central foundation of 1170 Iraqi dinars to the dollar is stable for more than a year, the Iraqi Central Bank Governor Sinan al-Shabibi told (Voices of Iraq) on Monday (1 / 3) that the central "exchange rate policy Itnebeny called floating orbit, through which is determined appropriate exchange rate, and take decisions on the change in proportion to the issues of fighting against inflation, which is the most important. pointing out that Central did not want to take action disrupts the stability of the current market, such as reducing the price it produces a great demand for cash and other decisions.

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