The Iraqi dinar has continued to strengthen its gains against the U.S. dollar and the rise registered at (0.002), where the rate of exchange today 1182 dinars for the one dollar as high the value of exchange a week ago, specifically last Thursday and that was 1184 dinars for the one dollar.
The rising of dinar comes within a program adopted by the Iraqi government since the middle of last year, when the government had supported the value of dinar and raised the exchange rate to 1500 dinars to the one dollar during the month of July 2007 to 1182 dinars for one dollar through this September.
The Central Bank of Iraq announced in a statement that it sold by auction today about 113 million U.S. dollars, with new exchange rate of 1182.
It is noteworthy that the value of Iraqi dinar exchange rate determined by the price sold at the auction held by the Central Bank of Iraq daily, which involves a number of Iraqi banks participations.
(Iraq Directory)
