The Central Bank of Iraq is being accused of printing new dinars. The CBI says this is not true. They say they are not printing new dinars to cover government spending. Instead they say recent operations were part of normal financial management involving Treasury instruments, not reckless money creation…Iraq is facing serious spending pressure. Whenever people…print money, they fear inflation, currency weakness and change to the Iraqi dinar value…The CBI is trying to calm the market before the rumors become panic. What this report shows us is the people of Iraq have a clear understanding of what printing extra or more IQD banknotes is all about…Iraq has a law against printing new money. :Sandy Ingram
