Article: “Dollar selling through government banks”
Quotes: “CBI decided to bank processing Rafidain and Rasheed foreign currency (dollar), “for the purpose of expanding the cash sales of US $ outlets…” “…that expansion of outlets selling the dollar would reduce the speculative price levels, pointing out that the move keeps the fixed rates for the currency…”
Price stability is key for moving towards a future where the dinar reigns supreme in Iraq.
They’ve got to have this locked down before moving forward.
Curbing corruption by having price controls in place will provide the safe atmosphere for future changes in rates and moving to a single currency regime.
