Article: “The rise in the value of the national currency has local and international causes.” Quote: “The Iraqi dinar’s exchange rate against the US dollar has witnessed a significant improvement over the current period, supported by a number of internal and external factors. Most notably…the prudent monetary policies pursued by the Central Bank of Iraq, and signs of a thaw in US-Iranian relations have combined to boost the value of the national currency…Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad said…The country’s massive financial reserves are one of the main reasons behind the improvement in the value of the dinar against the dollar, and we expect the dinar’s value to continue to improve in the coming period.”
Clare
