No intention to change the exchange rate of the Iraqi dinar

Baghdad: Iraq’s inflation rate remained at its lowest level in three decades for the second straight month in May due to lower prices for food, non-alcoholic beverages, communications and energy, a senior central bank official said yesterday.

Inflation was unchanged at three per cent in May versus April, and down from 4.7 per cent in May 2009, Mudher Qasim, the central bank’s adviser, said in an exclusive interview in Iraq’s capital, Baghdad.

Last cut

Qasim said the central bank has no plans to cut interest rates. Iraq’s central bank last cut its base interest rate by 100 basis points to six per cent in April.

The bank also has no intention to change the exchange rate of the Iraqi dinar, which has been at 1,170 to the US dollar for more than a year, in the foreseeable future, he added.

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One response to “No intention to change the exchange rate of the Iraqi dinar

  1. Iraqi Dinar

    Iraqi Dinar is very real, but the pitch many Dinar dealers try to send your way is far from reality and designed to get you buy from them. Some of these dealers even go as far as to explain that they are trusted by the government and supply you with a document to reinforce this illusion.
    First, the US government requires a business (or anyone for that matter) to register with them when selling any kind of currency. Once you register, the US Government will send you a letter confirming your registration. IT DOES NOT mean that they trust or vouch for the company, only that they complied with the law.
    Read More:http://www.dinariraqi.net

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