ARTICLE AD BOX
MNT GOAT
"THE DOLLAR'S EXCHANGE RATE IS STABILIZING TOWARDS ITS TARGET: ADAPTATION OR ADJUSTMENT?"
(Full article in the articles section) "It became clear in the period from last April until this May that the dollar exchange rate in
Iraq began to stabilize, declining towards the (official) target level.
H00 1 Monetary policy raises the value of the dinar and reduces reliance on the parallel market.
The Iraqi dinar has recently recorded strong performance against the dollar, driven by a series of monetary measures adopted by the Central Bank, which have contributed to reducing demand for hard currency in the parallel market and
enhancing the confidence of traders in official channels.
When will the parallel market dollar rate equal the official CBI rate of the dinar? As investors
we need to relax and let the CBI reforms play out. It is just a matter of time. There are lots of "opinions" as to the cause of the rise of the dinar. The fact is it is a "well planned" set of
reforms, choo-choo.....
Their words not mine.....
English (US) ·