Iraq Parliament warns of "Collapse" of Iraqi Dinar - Panorama Insurance Brokers

Iraq Parliament warns of “Collapse” of Iraqi Dinar

By John Lee.

Iraq’s Parliamentary Finance Committee has reportedly warned the Central Bank of Iraq (CBI) of a possible collapse in the value of the Iraqi dinar (IQD) against the US dollar.

Committee member Muhammad Al-Shabki told Shafaq News Agency that there are fears of the collapse of the Iraqi currency “in the coming period” due to the continued government confusion and the lack of control over the dinar exchange rate against the US dollar.

More here.

(Source: Shafaq)

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Since its launch in February 2010, Iraq Business News has grown rapidly to become the leading news service for all who are interested in the development of Iraq.