Sales of Foreign Currencies and CBI Restrictions

Source by: Dinar Deal's Alert

URL: http://feedproxy.google.com/~r/DinarDealsAlert/~3/TIgEx4jpbHg/

Dinar Deal reports that the increase in the value of dollar in Iraq is due to the sanctions of the Central bank of Iraq on the sales of the foreign currencies. That means the devaluation of the Iraqi dinar is not the outcome of the current political situation. The current US dollar reserves of the CBI are more than $67 billion. Under the current financial strength, CBI can apply some sanctions on the sales of the foreign currencies to correct balance of Iraqi dinar circulation in the country. More detail Click Here