The CBI announced it’s Investment Department will now take a more active role in protecting the value of the Iraq dinar…For the first time instead of that hundred billion US dollars just sitting in the Federal Reserve Bank, Iraq is going to invest its reserves…This sounds like a good thing as long as the investments are safe…The central bank is serious about using the financial tools and large reserves to avoid currency shocks and strengthen the economic stability…The CBI is taking a more hands-on approach to protecting the dinar and keep Iraq’s economy on a steady path. This is good news and this is big news.
